Tuesday, September 2, 2025
23.1 C
Lagos

Sterling Bank Honoured as Leading MSME Supporter at 2024 Finance Awards

Sterling Bank’s commitment to small businesses recognised at Annual MSME Finance Awards.

Sterling Bank, the leading financial institution committed to empowering small and medium enterprises, has been honored with the prestigious MSME Bank of the Year award at the 2024 MSME Finance Awards.

The event, organised by Nairametrics and The Economic Forum Series, took place on Saturday 27th September at Civic Centre, Victoria Island, recognising excellence in supporting Nigeria’s vibrant MSME sector.

Mustapha Otaru, Chief Product Officer at Sterling Bank Limited, expressed his enthusiasm: “This award is a testament to Sterling Bank’s unwavering commitment to empowering MSMEs.

Our partnerships with SMEDAN and Databanc have been pivotal in our success. In the past year, we’ve extended over N50 billion in loans to small businesses and supported more than 100,000 entrepreneurs through our various initiatives. This recognition fuels our determination to continue innovating and supporting the backbone of Nigeria’s economy.”

The MSME Bank of the Year award underscores Sterling Bank’s innovative approach to MSME financing and its significant impact on fostering entrepreneurship. The bank also secured nominations in three additional categories: Best in MSME Lending, Best in MSME Partnership and Collaboration, and Best in MSME Financial Inclusion (Bank).

Sterling Bank’s success in the MSME sector is driven by its suite of tailored solutions designed to meet the unique needs of small and medium enterprises.

These include Specta, a digital lending platform providing quick access to loans for businesses; The Business Hub, a comprehensive digital resource center offering advisory and value add services to SMEs; the strategic partnership with SMEDAN to facilitate single digit financing and development of Databanc for small businesses across Nigeria; and Banca, a digital banking platform serving small businesses with seamless financial management tools.

The MSME Finance Awards, an annual event that emerged from the Annual MSME and Start-up Summit initiated by The Economic Forum Series in 2018, plays a crucial role in recognising and promoting excellence in the MSME finance sector.

This prestigious program celebrates innovation and impact in improving MSMEs’ access to finance, highlighting achievements in financial inclusion, banking innovation, and support services for small businesses.

Sterling Bank’s recognition at these awards underscores its significant contributions to empowering MSMEs and fostering entrepreneurship in Nigeria.

 

spot_img
spot_img

Hot this week

Ecobank Nigeria @ 40: Group Unveils N60m in Cash Rewards Program for Customers

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

GOCOP 2025: Conference on Governance Challenges, Prospects Set for October 9

The Guild of Corporate Online Publishers (GOCOP) has announced...

NCC Advances Cybersecurity Framework to Safeguard Nigeria’s Telecom Infrastructure

L-R: President, International Youth Parliament, Hon. Promise Digos; Chief...

Northwest: The Lion’s Share of Tinubu’s Projects

By Tanimu Yakubu Director-General Budget Office of the Federation The Lagos Illusion The...

From Devaluation to Domination: How Tinubu’s Exchange Rate Reforms Turned the Naira into Nigeria’s Export Engine

By Tanimu Yakubu When President Bola Ahmed Tinubu’s administration...

Topics

Big Barrels: Narrative on Africa’s Oil & Gas Stirs Global Market

A year after its release, the global momentum created...

Lagos Launches Youth Climate Campaign, Unveils TAOOMMA as Campaign Influencer

L-R: City Adviser, Lagos, C40 Cities, Maximus Ugwuoke; Representative...

10 Years in Media Monitoring and Intelligence Profession: Lessons Learned

  As a media monitoring and intelligence professional, I have...

PenCom to Sanwo-Olu: Implement Pension Increase for CPS Retirees

From Left: The Director General of the National Pension...

NNPC Chief Emphasises Role of Gas in Driving Economic Growth, Industrial Development

  Representative of the GCEO, NNPC Limited and Head of...

NIMC, Online Publishers Roundtable: Implications and Future Directions

By Walter Duru, Ph.D The digital age has reshaped how...

HERO Larger Celebrates Monde Selection Award

L-R: Brewery Operations Director, International Breweries Plc (IB Plc),...

N5tr Debt Recovery a Challenge to All Nigerians – AMCON

Managing Director and Chief Executive Officer, Asset Management Corporation...
spot_img

Related Articles

Popular Categories

spot_imgspot_img