05/26/2022
‘Banks can’t achieve 95% financial inclusion goal without secure technology’
The main goal of the NFIS is to ensure that 80 per cent of Nigerian adults are financially included by 2020.
Retail Banking
05/25/2022
African Bank reports return to profit
African Bank said it expanded its retail banking offering, with MyWORLD providing a wider range of products and value-added services for customers.
05/24/2022
Stanbic IBTC Bank to Splash N156m on Customers
The bank’s aim is to maintain this throughout the 12-month promo time by which a total of 840 customers would have been rewarded with N100,000 during the monthly draws.
05/20/2022
Global lenders want a piece of East Africa’s retail banking market
Local banks are becoming more competitive regionally with platforms that appeal to East Africans
05/19/2022
Access Bank Emerges Best Performing Stock, Awosika Chairman of the Year
Access Bank was named the best stock in the ‘Financial Services -Banking’ category for its exemplary performance and creating value on the NGX compared to other quoted banks in the past year.
05/19/2022
Heritage Bank uses technology to deepen financial inclusion
No doubt, financial inclusion has assumed a greater level of importance due to its perceived relevance as a catalyst for inclusive economic growth.
05/18/2022
Access Holdings Plc disowns online investment platform, Access Capital Daily Investment
Access Capital Investment is alleged to be a Ponzi scheme offering a 100% ROI.
05/18/2022
Nedbank rolling out ‘new concept’ design to all branches in South Africa
The branches offer self-service card dispensing kiosks that instantly issue clients with their new Nedbank card.
05/18/2022
StanChart Kenya Q1 2022 pretax profit up 16%
The lender, which is controlled by Standard Chartered Plc, said in a statement late on Tuesday its net interest income rose 7% to 4.92 billion shillings, while loan impairments fell 121% to 86 million shillings.
05/17/2022
SA banks caught up in financial shenanigans in Namibia
Wells Fargo's reputation was tarnished, and the company has had to rebuild its reputation and its brand.
05/15/2022
Co-op Bank injects $3.2m into South Sudan unit
The use of the software was discontinued when Co-op adopted a uniform core banking platform, which is now being implemented.
05/13/2022
Access Bank moves to dominate agency banking
Access Bank agency banking ‘Access Closa ’ recently hit a milestone of having 100,000 agents currently spread across Nigeria as the bank further plans to increase its footprint by having a minimum of 50 agents in each of the 774 LGAs across th
05/12/2022
Kenyan banks macroeconomic profile weak
Cites high credit risk, low wealth levels, weak institutions and high financing needs.
05/11/2022
Listed Ugandan banks have been instructed to withhold $4.5 billion worth of dividend payouts
Last month, many bank shareholders were disappointed when the apex bank issued a circular informing the banks not to pay dividends for the financial year ended December 31st, 2021.
05/10/2022
Entersekt partners with Capitec Bank
Entersekt integrates NuData Security’s behavioral analytics intelligence into its EMV 3-D Secure solution to provide Capitec customers with real-time risk-based authentication for online purchases
05/09/2022
FNB Records Nearly 2 Million Virtual Card Users Just 1 Year After Launch
FNB customers have more reasons to buy items using their Virtual Cards, as the bank is now providing free insurance cover on online purchases made with FNB and RMB Private Bank Virtual Cards.
05/09/2022
Dutch development bank FMO wants to scale-up loan guarantees in fragile states
The FMO currently invests an average of about €2bn ($2.1bn) a year across all its markets.
05/06/2022
UBA sees exponential growth in customer deposits
UBA closed the year with a significant growth of 36 per cent of its balance sheet from GH¢3.95 million in 2020 to GH¢5.37 million in 2021.
05/05/2022
Fidelity Bank Announces 29% Increase in Gross Earnings in Q1 2022
The bank realised N393 million for items that will be classified subsequently to profit or loss, against the N18.700 billion decline posted in the same quarter of 2021.
05/05/2022
NEXIM Bank Secures N10.2bn, $3.25m in Loan Recovery Drive
Enhanced operating model through restructuring of regional offices for the bank