Sterling Bank Nigeria

But then, from the moment I hit senior manager, the movement was rapid.

I remember in the bank before I joined Savannah, uh, Sterling Bank, I was the only person who got a double promotion in a certain year.

Why am I saying this? Young folks, sometimes you may have challenges.

You know, when we talk about dreaming big, you know, and then you, you now begin to see how, um, people make it.

When you see something play out before, there's a tendency for it to play out again.

Also, we were informed that Sterling Bank is going to do share reconstruction.

So for every 10 shares you have, they give you one.

and the price will go up commensurately by 10 times.

So I think Sterling was 10, seven Naira.

So if you had a million shares, you will now have 100,000 shares, but the price will be 70 Naira per share.

Sterling Bank has done this thing before.

For those of you who remember your history, they've done this before.

...

they were Zenith Bank cards or Sterling Bank cards.

That's essentially how it works.

And-

But on a week-to-week, on a month-to-month basis, we are using the fintechs to do our everyday running around sort of transaction.

So for contactless payments too, I, I think of it in that way too.

I remember that a friend who worked at Sterling Bank was sharing at some point that a lot of the cards have NFC chips or something, and even the terminals too can accept contactless payments, right? And was sharing that quite a lot of merchants will call to say, "Can you please deactivate this thing?" You know? So again, that's why I said there is customer education to be done, and you spend money on cus-customer education.

No matter what you do on customer education, inevitably you need a bit of luck as well to tip people over.

And on the loser's side, we have John Holtz, who declined by 10%, followed by Austin Lars, Royal Exchange, UPDC, NSL Tech, CMFC, and so on.

In terms of volume, Sterling NG was our most actively traded stock with 98 million units traded today.

Remember yesterday, FTG Insure traded about 1 billion units.

Today, we are back to our normal volume.

Yeah, that was abnormal.

It's not the kind of volume you see on a regular trading session.

So today, Sterling NG gave us 98 million units, followed by Fidelity Bank, Ella Lakes, JT Coe, and Mushul Benefits.

And in value, Aradel led in value with 5 billion Naira worth of shares traded.

How would I put it now? Anyway, something that will help manage all the logistics, that will help manage where all the Okada is moving and all the drivers are moving and this and this and where this parcel is and where that parcel is and all those sorts of things.

Now, it also needed payments to be integrated and I think the guy's bank is, is it Sterling Bank or some bank like that, so there's going to be some integration.

Now, because of the integrations and approvals and everything, that particular client had a very specific date that, look, this thing must be light before so-so-so-and-so.

So that when Sterling Bank says, oh yeah, we're good to go, we'll just move like that.

So you can see that for that other particular client, There's a timeline.

There's a sense of urgency.

We can look at something like the guy wants this thing to be live before we hear from Sterling Bank.

And we might hear from Sterling Bank or is this Sterling or Stambik? I can't remember.