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Retail Banking

04/30/2025

Stealthy Buyer Takes Control Of Bankly, Nigeria’s Unbanked-Focused Fintech

Bankly CEO Tomilola Majekodunmi will stay on as an advisor to ensure a seamless transition and preserve the startup’s mission of driving last-mile financial inclusion.

04/29/2025

Nedbank mourns the loss of board member Errol Kruger

“His legacy will continue to inspire us, and he willbe missed. Our thoughts and prayers are with his family during this difficult time.”

04/28/2025

Big banks closing ATMs across South Africa

The report noted that 84% of South Africans surveyed prefer using cards or digital payments whenever possible.

04/28/2025

IMF says Ghana’s $3b programme is on track and no need for extension

Fiscal slippages during the election period led to a large accumulation of payables, higher inflation than programme targets, and delays in reforms.

04/28/2025

NDIC begins payment of N46bn to defunct Heritage Bank depositors

The NDIC began payment of the first tranche of liquidation dividends on April 25.

04/25/2025

Bank fraud drops 26% in 2024

Remittance fraud also doubled from five reported cases to ten within the same period.

04/24/2025

Nine Nigerian banks generate N14tn in revenue from customers’ interest in 2024

In contrast, the manufacturing sector, referred to as the real sector, laments increasing operational costs amounting to a combined figure of N2.5 trillion in 2024 alone.

04/24/2025

Union Bank empowers young entrepreneurs

The competition also aims to identify and reward outstanding business ideas demonstrating viability, sustainability, and social impact.

04/10/2025

Verve International Named in Global Payments Power 50

Bringing together a diverse yet interconnected community, the Payments Power 50 will serve as a reminder of the significant strides being made in the payments space.

04/09/2025

Banks are lowering their costs due to constrained consumer appetite for more credit

The average NIM declined by 6.25 basis points in 2024, in stark contrast to the 28 basis point increase the previous year.

04/08/2025

Absa: Retail loans, investment banking boost profit

The Citywire AA-rated African bank is backed by a total of seven of the world’s top fund managers.

04/08/2025

Big banks slash expectations for South Africa

The USA is one of South Africa’s largest trading partners, and the new tariffs are set to impact the economy severely.

04/07/2025

Seven Nigerian banks to benefit from sovereign upgrade- Fitch Ratings

The ratings for these banks, except for Bank of Industry (BOI), are primarily driven by their standalone creditworthiness, expressed through Viability Ratings (VRs).

04/04/2025

Standard Bank fraud alert for South Africa

Consumers also rely on online platforms with targeted online ads when shopping.

04/03/2025

W’Bank lends Nigeria $1.08bn for education, nutrition, economic boost

The World Bank has approved three operations in Nigeria, totalling $1.08bn in concessional financing, to enhance education quality, build household and community resilience, and improve nutrition for underserved groups.

04/03/2025

Sterling Bank Leads Protest for Removal of Bank Transfer Charges

The announcement, made on April 1st, initially sparked widespread arguments, with many assuming it was a marketing prank tied to April Fools’ Day.

03/31/2025

Amid Excess Liquidity, Banks’ Borrowing from CBN Drops by 34% to N16.49trn

According to CBN, Nigeria’s Money Supply (M2) closed February 2025 at N110.3 trillion

03/31/2025

Five banks rake in N3.3tn profit despite harsh economy

UBA’s profit after tax climbed 26.14 per cent to N766.6bn, up from N607.7bn in 2023.

03/28/2025

BOI Designates FIC Business Development Service Provider

The Board of the Bank recently approved a mid-term 2025-2027 corporate strategy plan to drive its operations.

03/28/2025

Wema Bank Empowers 131 Women with N11m

In celebration of Women’s Month, Wema Bank dedicated the March draw to empowering women, with all 131 winners being female.

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Bank of Ghana lifts suspension on UBA Ghana’s forex trading licence

10-20-2025

Great Nigeria Insurance rebounds with N2bn profit

10-20-2025

Ghana’s pension funds hold prospects to unlock over $1b for private capital

10-23-2025

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10-23-2025

Ghana joins regional efforts to attract renewable energy investments

10-23-2025

Major blow for interest rate cuts in South Africa

10-23-2025

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10-23-2025

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10-23-2025

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10-24-2025

SARS final demand warning to taxpayers in South Africa

10-24-2025

Kenya’s Banking Sector Undergoes A Digital Transformation, With NCBA Leading The Charge

10-24-2025

African Development Bank Deepens Cooperation as West African Ministers Back New Growth Agenda

10-24-2025

UBA Empowers Next Generation of Leaders

10-24-2025

CapitalSage Technology announces Ude as new CEO

10-24-2025

Ghana's digital payment system sees tremendous growth over past decade: central bank

10-24-2025

Julius Baer names Middle East CEO

10-23-2025

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