Yemi Odubiyi, Chief Executive Officer of Sterling Financial Holdings Company Plc, has indirectly acquired 82 million ordinary shares in the company valued at ₦578.1 million through his linked private investment firm, Seven Degrees North Limited.
Okay News reports that the purchases, disclosed on the Nigerian Exchange (NGX), were executed at ₦7.05 per share in two tranches on December 24 and 29, 2025.
The first tranche comprised 62 million shares, while the second involved 20 million shares, both at the same price.
Prior to this transaction, Odubiyi had no recorded indirect shareholding based on the company’s nine-month 2025 financial statements released in October.
He now holds 82 million units indirectly, in addition to a direct stake that grew from 376.4 million units in December 2024 to 729.4 million by September 2025.
In total, Odubiyi’s combined direct and indirect holdings stand at 811.4 million units, representing approximately 1.56 per cent of Sterling’s 52.1 billion outstanding shares.
Board Chairman Adeyemi Adeola remains the largest individual shareholder with 12.26 billion units, equivalent to 23.52 per cent.
The acquisition occurred at ₦7.05, following a retracement from the stock’s 2025 peak of ₦7.80.
Sterling shares delivered over 25 per cent return to investors in 2025, closing the year at ₦7.05 after opening at ₦5.60.
The company’s nine-month results showed profit before tax surging 141 per cent year-on-year to ₦71 billion, driven by 39 per cent growth in interest income to ₦262.4 billion.
Total assets expanded to ₦4 trillion, underscoring robust balance sheet growth.
