Sterling Bank has entered a strategic partnership with the ECOWAS Bank for Investment and Development (EBID) to channel $50 million in long-term funding to Nigerian businesses across high-impact sectors.

The Senior Unsecured Facility further strengthens Sterling’s already Corporate and Investment Banking portfolio, reinforcing its commitment to powering the ambitions of businesses that are building the future.

As a financial institution recognised for delivering innovative, purpose-driven solutions at scale, Sterling has consistently backed real sector growth, supporting infrastructure, energy, agriculture, and manufacturing projects with transformative potential. This new collaboration with EBID reflects the confidence of global and regional institutions in Sterling’s ability to deploy capital effectively and drive tangible results in the economy.

“This facility is not about doing more, it’s about doing what we’ve always done, at an even greater scale and pace,” said Group Executive, Corporate and Investment Banking at Sterling Bank, Dele Faseemo, adding: “We’re proud to be the institution of choice for development finance partners looking to make a meaningful difference. Our track record speaks for itself, and this partnership with EBID will allow us to deepen our impact where it matters most.”

Sterling’s strategic focus on the HEART sectors: Health, Education, Agriculture, Renewable Energy, and Transportation, has already made it a trusted partner to thousands of businesses, driving sustainable growth. With this facility, the Bank will further enhance its ability to provide flexible, competitively priced financing to enterprises that are ready to scale, innovate, and lead in their industries.