Managers of Wealth Africa

Access Bank acquires majority stake in Mauritian AfrAsia Bank

Access Bank is expanding from its Nigerian base across the continent

Criminal ATM tactics making a comeback in South Africa

Discovery Bank also cautioned against the ongoing rise of money mule schemes, where individuals are recruited to open bank accounts for criminal use.

Co-op Bank Q3 Profit: Soaring Eagle Strategy Delivers Double-Digit Growth

The group reported “excellent efficiency gains” from the various initiatives to record a Cost-to-Income Ratio of 45.8% in Q32024, from 59% in FY2014 when it kicked off the growth and efficiency journey.

Ecobank wins Deutsche Bank award

Their processing of Straight Through Processing transactions is a prime example, as Ecobank achieved an STP rate above 99 per cent

Access Bank UK expands footprint with Hong Kong branch

The launch of the Hong Kong branch establishes Access Bank UK

Wema Bank wins multiple awards

The Global Retail Banking Innovation Awards celebrate institutions that are reshaping the financial services landscape through impactful innovations and customer-centric approaches.

Standard Bank partners with Volante Technologies to revolutionise payments modernisation across Africa

This enables Standard Bank to take a big step forward towards achieving their broader, long-term transformation strategy.

Ecobank teams up with Nium to enable cross-border payments across 35 African markets

Nium says that Ecobank will be able to “exchange its existing SwiftMT and ISO20022 messages” to initiate payments on the fintech’s real-time platform.

Agona Rural Bank makes giant performance in 2023 financial year

Customers’ deposits also experienced significant growth from GH¢18,132,384.00 in 2022 to against GH¢23,009,708.00 in 2023 in the year under review.

Sassa gold cards will remain valid, says Postbank, as deadline looms

Replacement with the new Postbank Black Card has begun in KwaZulu-Natal, Gauteng, the Northern Cape and North West.

Good news Pick n Pay, Shoprite and other major retailers in South Africa

The reasons for this sentiment included increased living costs (80%), the economic slowdown (54%), and concerns regarding job security (39%).

Chairman Parallex Bank, Adeola Phillips bags CIBN’s Award

A graduate of the University of Lagos with an MBBS, Dr. Phillips brings a wealth of experience and strategic expertise

Polaris Bank Named Best Bank for MSMEs

Polaris Bank is the only bank to have won such consecutive honours for MSMEs ecosystem.

10 Nigerian Banks’ Interest Income Soars By 148% Amid MPR Hikes, Totals N12.24tn In 2024

Access, Zenith, 8 other banks reported a record N12.24 trillion in interest income amid the Central Bank’s policy hikes.

Stanchart strategic alliances geared towards enhancing customer experience

These collaborations have been designed to meet the evolving needs of clients

UBA achieves revenue growth of 83 percent, pays interim dividends in nine months

UBA attributed the increase in interest income to its expanded credit offerings across various sectors.

Vista Bank set to capitalise on Africa’s golden age

The Vista Group’s main objective is to contribute to economic and financial inclusion in Africa through its subsidiaries and branches

Zenith Bank records N1tr profit in third quarter

The growth in the topline was driven by the expansion of both interest income and non-interest income.

Fidelity Bank Grows Profit by 145% to N225 billion

The significant spike in topline performance was spurred by increased income from interest yielding assets and non-interest related revenue.

Wema Bank grows Q3 PBT by 174% to N60.62bn

Our Q3 2024 numbers speaks to our resilience despite a tough operating environment.