07/10/2019

Access Bank Merges with Diamond of Nigeria

Mr. Mulenga also revealed that Access Bank is in the process of establishing a Branch in China so that their customers can access the bank’s services in the Asian Country

07/09/2019

CBN New LDR Policy To Hurt Treasury Market

According to the apex bank, DMBs that failed to comply with this regulatory requirement will be ‘fined to the tune of a Cash Reserve Requirement equivalent to half of the shortfall of the new LDR target.’

07/08/2019

Banks must rethink business models to remain relevant

Africa’s retail banking markets are ripe with potential and present huge opportunities for innovation and further growth, as per a February 2018 report by McKinsey titled Roaring to life: Growth and Innovation in African retail Banking.

07/05/2019

Absa concludes $500 million loan

Absa also reported potential retrenchments at its retail and business banking unit as part of a planned restructuring.

07/04/2019

Barclays Nigeria Rebrands, Now Absa

Part of the Absa Group's separation agreement with Barclays Plc was to "remove the Barclays brand from all assets by mid-2020 at the latest.

07/03/2019

Afreximbank shareholders to earn $69million

In his report to the AGM, Benedict Oramah, the president of Afreximbank, said the Bank’s total revenues rose by 24% in 2018 to reach $806 million while the net income increased to $276 million, representing a 26% increase on the level in 2017.