Managers of Wealth Africa

Jaiz Bank records 109% profit surge, declares 7kobo dividend

Financing contracts also contributed N32.04 billion, representing a 17 percent rise from N27.36 billion the year before.

Nigerian banks resume international naira card transactions amid FX market confidence

After nearly three years of suspension, Nigerian banks have reactivated international transactions on their naira-denominated debit cards.

Major banks closing ATMs across South Africa, except for one

These new challenger banks do not have ATMs and use existing infrastructure at other banks and retailers to give customers access to cash.

Zenith Bank retains Nigeria’s top Tier-1 spot for 16th year

The ranking was based on the 2024 year-end Tier-1 capital of banks.

African Development Bank Approves $474.6 Million Loan to support South Africa's Infrastructure Governance and Green Growth

The landmark financing backs infrastructure overhaul, renewable energy expansion, and climate resilience while safeguarding vulnerable communities

Absa Bank launches Mobi Tap to boost digital payment access for small businesses

This works without the need for additional hardware or complex integrations.

The Finance Ghost: A tough period for local banks

A flurry of banking updates came out in the past week, giving us insight into how four of the five large banking groups are performing

Big earnings boost coming for FNB owner

In South Africa, system growth remained muted with lower-than-expected levels of fixed investment despite the economic reforms underway.

FirstBank wins gold for best corporate university in social & climate change impact

The GlobalCCU Awards is a prestigious, biannual recognition of excellence in corporate universities, setting the highest standard for the industry.

Access Bank Acquires Standard Chartered’s Tanzania Retail Arm, Amid CBN’s Foreign Investment Restrictions

The sale is part of Standard Chartered’s multi-country withdrawal strategy, which has seen it offload operations in Angola, Cameroon, The Gambia, Sierra Leone, Zimbabwe, and now Tanzania.

FAB Becomes First Bank in MENA to Join China’s Cross-Border Payment Network

FAB is currently the only UAE bank operating a fully licensed branch in Mainland China and is committed to supporting the needs of clients and partners in both markets.

Access, Zenith, and First Bank lead as nine banks report N4.2 trillion from interest income

It stands as the interest expense, while the net interest income stands as the bank's profit for the transaction.

ATM usage drops as POS agents handle N223tn

The total number of POS transactions rose from 9.85 billion in 2023 to 13.08 billion in 2024, indicating a 32.7 per cent increase year-on-year.

Standard Bank Confirms Guidance After Strong Start to Year

The South African bank on Thursday reiterated that it expects banking revenue growth in the mid-to-high single digits for 2025 with the banking-cost-to-income ratio flat to down on-year.

BDAN recommits to banking sector advocacy

During the AGM, it was revealed that the association recorded a marginal increase of 2.6 per cent in total income for the year 2024.

African Development Bank readies $476mln loan for Egypt solar plant

The financial facility will be used for supporting the development of a 1GW solar photovoltaic power plant

United Capital expands into eight Francophone West African countries

United Capital plans to offer portfolio management, mutual fund, and financial advisory services in the member countries

FirstBank Ghana honoured as Innovative Bank of the Year at the 8th Ghana-West Africa Business Excellence Awards

The award was presented by Linda Akweley Ocloo, the Greater Accra Regional Minister and Member of Parliament for Shai Osudoku.

Access Bank Completes Acquisition of National Bank of Kenya from KCB

Access Bank CEO Roosevelt Ogbonna said the acquisition enhances the bank’s ability to serve individuals, businesses, and government institutions in Kenya.

Fitch, GCR, Upgrade Wema Bank’s Rating, Confirm Positive, Stable Outlook

Reputed for its tenacity and success in overcoming the various challenges that have shaped the banking industry for decades, Wema Bank has built an admirable legacy of impact

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