01/07/2026
UK remittance share to Ghana drops to 17.5% as BoG eyes diaspora investment push
He explained that diaspora remittances have traditionally supported household consumption and strengthened the balance of payments.
Retail Banking
01/06/2026
Banks Deposit With CBN Reached N336.24trn in 2025 on Credit Risk Concerns
Analysis of the CBN financial data for 2025 revealed that banks and merchant banks deposited more cash than they borrowed to underline excess liquidity in the financial sector.
01/06/2026
Rand Merchant Bank Nigeria meets CBN recapitalisation threshold
The MCR for regional banks and merchant banks was pegged at N50 bn each. In the non-interest sector, national non-interest players were expected to meet a new N20 bn capital threshold, while regional players would raise N10 bn.
01/05/2026
South Africa’s new banking CEO who started working in food delivery
The new CEO holds a Bachelor of Commerce (BCom) degree in Industrial Psychology from the University of the Western Cape.
01/05/2026
Banks Close 229 Branches as POS Transactions Redefine Everyday Banking in Nigeria
At the heart of this shift is the explosive growth of POS transactions.
01/02/2026
People in South Africa saying goodbye to bank cards
Its data shows that nearly two-thirds of transactions during the shopping event were digital.
12/29/2025
TymeBank Reaches Profitability and Unicorn Valuation in 2025
Strategic partnerships, cost-efficient operations, and customer-focused products, like zero-fee accounts and competitive savings rates, have driven its fast expansion.
12/23/2025
Did Old Mutual pick the exact wrong time to launch a bank?
Despite its massive investment and plan to break even by 2028, Old Mutual Bank’s expansion strategy is challenged by the looming entry of Pepkor and Shoprite, which already operate retail finance services at scale.
12/22/2025
Union Bank rewards outstanding employees
The ceremony tagged 'Union Bank Employee Recognition (UBER) Awards' witnessed attendance which included Board of Directors, senior management, award nominees, and staff.
12/19/2025
Absa Bank wins three honours at 2025 Marketing World Awards
The bank received Most Impactful Brand Campaign of the Year for its ‘Get More with Absa’ campaign and was also recognised as Best Banking Brand in Sustainability.
12/19/2025
Nedbank flags 20% earnings drop after Ecobank exit
The warning follows the sale of its 21.2% stake for R1.7bn.
12/17/2025
African Development Fund mobilises a historic $11 billion, marking a new era of African ownership and investment-led development
The outcome represents a 23% increase over the previous replenishment and sends a clear signal of confidence in Africa’s development prospects, the African Development Bank Group’s leadership, and a new development model centred on investment,
12/16/2025
Absa Bank partners Visa to launch Absa Pay
Absa Pay is designed to make everyday payments simpler, safer and more convenient.
12/16/2025
Access Bank Champions Africa’s Payment Integration, Stresses Importance of PAPSS
In alignment with the theme, discussions emphasised the importance of resilient, interoperable, and sovereign African payment infrastructure that empowers businesses, supports SMEs, and strengthens intra-African trade under the AfCFTA.
12/15/2025
South Africa set for biggest cash-system overhaul in decades
Moving to create a cash-management company, roll out white-label ATMs and tighten oversight of how money circulates to make it cheaper and easier to access.
12/15/2025
Discovery Bank named South Africa’s most loved bank – with record 61% net sentiment
Clients commended Discovery Bank’s service responsiveness, helpful staff, and high-quality support
12/15/2025
Goodbye cash and ATMs as you know them in South Africa
The so-called Cash Smart Strategy aims to ensure physical funds remain accessible for low-income and rural communities
12/11/2025
UBA Group wins Banker Awards, emerges Africa’s Bank of the Year
The Banker’s awards are widely regarded as the most respected and rigorous in the global banking industry
12/10/2025
UBA Group Sweeps 2025 Banker Awards
The Banker’s awards are widely regarded as the most respected and rigorous in the global banking industry, celebrating institutions that demonstrate outstanding performance, innovation and strategic execution.
12/10/2025
Access Bank named Nigeria’s ‘Bank of the Year 2025’ in London
The accolade, announced during a high-profile ceremony at the Peninsula Hotel, followed a rigorous global evaluation that reviewed over 1,000 entries from banks in more than 120 countries.