Nigeria, May 19 -- Sterling Financial Holding Company Plc has announced plans to raise $400 million in fresh capital through a combination of debt and equity instruments, as part of resolutions to be considered at its Annual General Meeting (AGM).

The company disclosed the capital raise in a statement signed by its secretary, Sunny Kanabe, and posted on NGX Group on Monday, announcing its 3rd Annual General Meeting (AGM), scheduled for 9 June.

The proposed capital raise is being put forward without affecting the capital-raising approvals earlier granted at the company's AGM held on 11 July, 2025, it said.

The company had disclosed in July 2025 plans to raise to $400 million through a mix of financing options, including debt instruments...