January 01, (THEWILL) — Sterling Financial Holdings Company (SFHC) Plc disclosed that Seven Degrees North Limited, a private investment firm linked to CEO Yemi Odubiyi, acquired shares worth N578.1 million.
According to the disclosure filed on the Nigerian Exchange, a total of 82 million ordinary shares were purchased at N7.05 per share on the NGX trading platform in Lagos.
The transaction, identified with the code NGSTERLNHCO9, was executed in two tranches on 24 December and 29 December 2025.
The first tranche involved the purchase of 62 million shares, while the second tranche comprised 20 million shares, both at the same price of N7.05 per share.
Based on the company’s nine-month 2025 financial statements released in late October 2025, Mr Yemi Odubiyi had no indirect shareholding at the time.
That has now changed, as he now holds 82,000,000 indirect units through Seven Degrees North Limited.
His direct shareholding also increased significantly, rising from 376,417,493 units in December 2024 to 729,420,773 units by September 2025.
In total, Mr Odubiyi now controls 811,420,773 units, representing a 1.56 percent stake, based on the company’s outstanding share capital of 52.1 billion units on the Nigerian Exchange.
So far, the chairman, Mr Adeyemi Adeola, remains the board member with the highest stake, holding 12,256,865,434 units, equivalent to 23.52 percent.
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
