Managers of Wealth Africa

Fidelity Bank Reports 72.4% Increase in PBT To N20.6bn

The Bank showed a good appetite in funding the real sector with Net Loans and Advances increasing by 15.8 per cent YTD to N1,535 billion from N1,326 billion in 2020FY.

FBN Holdings, Fidelity Bank, Others’ Interest Income on T.Bills, Bonds Shrink 12% on Low-interest Yield Environment

The Head, Retail Investment, Chapel Hill Denham, Mr. Ayodeji Ebo in a telephone chat with THISDAY attributed the decline to banks interest rate generated from T-bills and bonds to reinvesting in lower rate securities.

Regulate high lending rates - IEA urges BoG

The association, therefore, wants the country to tread cautiously on discussions about capping lending rates.

Zenith Bank Pledges National Pride, Unity

Onyeagwu stressed further that Zenith bank remains focused on pro

H1’21: UBA Records 33% YoY Profit Growth, Declares 20k Per Share Interim Dividend

Posts Impressive N76.2bn Profit in Half Year, 2021

Access Bank bags best banking CEO award

According to the award organisers, the award was in recognition of the impact of Wigwe’s leadership as CEO and group managing director of the bank.

Nedbank adds new features to its digital banking

The bank will unveil a number of other enhancements to its digital banking offering, including enhanced cellphone banking

FCMB Emerge as the Best SME Bank in Africa and Nigeria

The SME friendly bank beat all other Nigerian and African banks to win national and continental honours.

Potential loan defaults haunt Tanzanian banks

CRDB’s 4.4 percent figure for Q2 was up from 4.1 percent posted in Q1 (January to March) but still within BoT threshold range, while NMB’s ratio of 4.3 percent were a drop from 5 percent in Q1.

Access Bank posts happy H1’21 numbers with N450.6bn revenue, 30k dividends

During the review period for the tier-1 lender’s interim consolidated and separate financial statements for the period ended 30 June 2021, its profit after tax grew by 42.44 percent to N86.94 from N61.04 billion

Kganyago: Financial inclusion doesn't mean 'shoving credit down the throats of the poor'

SA has battled to meaningfully include a larger portion of its population in mainstream finance, with few lower-income earners able to access loans from banks.

Standard bank selects TCS BaNCS cloud for digital claims transformation in short term insurance

TCS SaaS offering to help the leading South African insurer process claims faster, offer personalized customer experiences, and drive product innovation

Dollar Crunch Turns Nigerian Banks Into Africa’s Cheapest Stocks

Johannesburg-traded steelmaker ArcelorMittal South Africa Ltd. completes the quintet.

LeapFrog acquires 16.94% stake in Fidelity Bank Ghana

LeapFrog Investments has acquired a 16.94% stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana, from Amethis and Edmond de Rothschild Equity Strategies (ERES).

Zenith Bank posts N117b profit before tax

In a statement, the bank said the group’s retail journey continues to deliver positive results as retail deposits grew by N38.2 billion from N1.72 trillion to N1.76 trillion year-to-date.

With Large Corporates, Multinationals Dominating, Credit to Private Sector Increases by 6.68% YTD

Analysis of CBN numbers showed that credit to private sector in seven months of 2021 appreciated by N2.19 trillion, a development some analysts say showed deposit money banks supporting the apex bank in lending to real sector and creating jobs.

FNB launches investment account with no monthly fees

A Shares Zero account lets customers invest in a range of Ashburton exchange-traded funds (ETFs) at no cost

African Development Bank's Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides more than $7.3 million for youth jobs and skills

Themes submitted included capacity building for entrepreneurs, climate change, gender, affordable housing, food security, migration and textiles, with the common thread of creating decent jobs for young women and men.

Co-op Bank extends joint venture with South Sudan

The government took the remaining 49 percent equity which it was to hold in trust and later transfer to the co-operative movement in that country in a few years.

Africa’s Biggest Bank Looks to Add 40% More Clients on Continent

We are targeting over 25 million highly active and highly digital clients

Retail Banking