Nigeria, June 22 -- Sterling Financial Holdings is restarting dividend payments after a one-year pause, with net profit for 2024 leaping by more than twofold to N43.7 billion.

The banking group halted the payment of cash rewards to shareholders for 2023, the year it transitioned into a holding company, after post-tax profit only grew by 11.8 per cent, the weakest rate by any Nigerian public-quoted bank.

Shareholders will get N0.18 per share in cash distribution for last year, Sterling Financial Holdings stated in a Thursday regulatory disclosure at the Nigerian Exchange, putting the total dividend at N9.4 billion. That is 20 per cent higher than its last payout.

"On 11th July 2025 dividend will be paid electronically to shareholders wh...