Managers of Wealth Africa

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

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.

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.

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.

UBA Charts Path for 2025, to Focus on Innovation, Digital Transformation, Sustainability

On the back of its full-year financial performance for the year 2024, which was released to stakeholders on Tuesday

Zenith Bank Maintains Track Record as PBT Hits N1.3 Trillion, Proposes N4.00 Final Dividend

This growth was driven by a 138% increase in interest income, supported by investment in high-yield government securities, and growth in the Bank’s loan book.

African bank brands punch above their weights

China Construction Bank, Agricultural Bank of China, and Bank of China complete the top four, emphasising China’s financial strength.

UBA Increases Dividend Payment as Profit Grows by 26%

UBA’s net interest income rose sharply to N1.530 trillion, up by 116% year on year from N707.540 billion in the financial year 2023.

Ecobank named Africa’s Best Bank for Trade Finance in Global Finance Awards

Ecobank’s trade products and solutions are designed around three broad areas: structured trade and commodity finance; trade services; and supply chain finance.

UBA Profit Grows to N804bn in 2024, Declares N3 Final Dividend

The bank’s gross earnings also grew significantly from N2.08 trillion recorded at the end of the 2023 financial year to N3.19 trillion in the period under consideration, representing a 53.6 percent growth.

Standard Bank Named Africa’s Most Valuable Banking Brand For Fourth Consecutive Year

The world’s top 500 most valuable and strongest banking brands are included in the annual Brand Finance Global 500 Banks ranking.

Ecobank Named Africa’s Best Bank for Trade Finance

It offers unique intra-Africa trade solutions, enabling its customers to settle their domestic and international trade transactions efficiently while mitigating payment risks.

UBA unveils domestic card scheme, AfriGo

The Afrigo Card boasts impressive features, including chip-and-PIN security

The big bonuses banking execs receive | How much Kenny Fihla earned in 2024

But with success also comes remuneration of the kind that the average South African can only dream of.

Standard Bank partners with Zeda Limited to diversify funding

Zeda Limited is Southern Africa's leading integrated mobility solutions provider unbundled from Barloworld Group in 2022 and subsequently listed on the JSE.

R180,000 per day! This is how much new Absa CEO Kenny Fihla earned at Standard Bank as a Number 2

He has reportedly been put on ‘gardening leave’ for the remainder of his tenure at Standard Bank.

South African lender Absa forecasts mid-single digit revenue growth

Some of Absa's most sensitive retail and small business customers found relief as inflationary pressures eased, interest rates fell and power blackouts became less frequent.

South African banking CEO kisses R60 million goodbye

In September 2016, Quinn became Absa’s group financial director, a position he held until he departed from the banking group.

Relief for Absa customers in South Africa

East Africa continued to perform well, while Zambia and Mozambique were hit by drought and unrest, respectively.

FirstBank unveils dollar fund for female employees

This is yet another opportunity for women to build a steady stream of income and invest, following the immense success of the first Women Network note that was launched in 2022.

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