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Business News of Tuesday, 21 July 2020


Sterling Bank MD takes over N22.9m shares from Staff Co-operative

The Managing Director/Chief Executive Officer, Sterling Bank Plc, Mr Abubakar Suleiman, has taken over the shares of the bank held by the staff co-operative society, which are worth N22.9m.

The bank said in a notice filed at the Nigerian Stock Exchange on Tuesday that the shares were sold by its Staff Cooperative Multipurpose Society.

It said the N22.9m shares were a total of 18,457,500 units sold at N1.24 per share.

According to the notice, the share purchase by the bank MD was done on July 16 via the NSE’s X-STREAM platform.

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