Seven Degrees North Limited, a private investment company linked to Sterling Financial Holdings Company Plc CEO Yemi Odubiyi, has purchased 82 million ordinary shares worth N578.1 million.
The transactions occurred in two tranches on December 24 and 29, 2025, at N7.05 per share on the Nigerian Exchange Limited.
The first tranche involved 62 million shares, while the second comprised 20 million shares.
Odubiyi previously held no indirect shareholding as of the nine-month 2025 financial statements released in October.
He now controls 82 million units indirectly through the firm.
His direct holdings rose from 376.4 million units in December 2024 to 729.4 million by September 2025.
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Total combined stake stands at 811.4 million units, representing 1.56 per cent of the company’s 52.1 billion outstanding shares.
Chairman Adeyemi Adeola maintains the largest board stake at 12.26 billion units, or 23.52 per cent.
Sterling shares delivered over 25 per cent return in 2025, closing the year at N7.05 from an opening N5.60.
The stock peaked at N7.80 amid strong second-half gains before retracing.
For the nine months to September 2025, profit before tax surged 141 per cent to N70.96 billion, driven by 38.73 per cent growth in interest income to N262.4 billion.
This insider acquisition signals confidence in Sterling’s performance and outlook within Nigeria’s banking sector consolidation.
