Managers of Wealth Africa

Nigeria’s current account surplus surges by 256% to $4.98 billion in Q1 2026

The CBN’s Balance of Payments Highlights for Q1 2026 showed that the improvement was supported by a stronger goods account surplus, which rose to $5.95 billion from $1.77 billion in the preceding quarter.

Africa’s biggest bank prepares takeover push in East Africa’s most important banking market

The ambition comes as East Africa emerges as one of Africa’s most attractive banking markets, drawing increasing interest from regional lenders looking for growth opportunities beyond their home markets.

South Africa’s immigration tensions put MTN, Standard Bank and other African giants at risk

Millions of subscribers across West Africa, East Africa and Southern Africa now account for a significant share of the company's growth story.

FirstBank hits N1bn daily disbursement on FirstAdvance

The bank, in a statement, said that the feat underscores its commitment to delivering innovative, accessible, technology-driven financial service solutions to its customers.

South Africa’s Standard Bank eyes Kenya growth

The target is likely to sharpen competition in Kenya’s already crowded banking market,

After Acquiring 20 Banks in 4 Years, Access Holdings Wants to Compete With Africa's Biggest Bank

Access Holdings Chairman Aigboje Aig-Imoukhuede says the company has completed its major acquisition and expansion phase across Africa

Banks earn N225bn from ATM, e-banking charges

A breakdown showed that income from electronic banking and e-business activities increased by 11.57 per cent to N177.97bn from N159.52bn recorded a year earlier.

Zimbabwe seeking $150m AfDB loan to tackle debt default

As part of efforts to clear billions of dollars of debt arrears, Finance Minister Mthuli Ncube said.

How Nigeria’s money creation works and the path to price stability

At that moment, both a new loan asset and a new deposit liability appear on the bank’s balance sheet.

The clock is ticking on South African banks’ biggest advantage

South Africa’s banks have a structural advantage telecoms operators cannot cross. They may not have long to use it.

Absa CEO Kenny Fihla's $9 million pay triggers shareholder revolt

Absa Group shareholders delivered a 43.37% vote against the bank's executive pay report at its AGM over CEO Kenny Fihla's R148 million compensation package for 2025.

Quest Merchant Bank strengthens position with stable rating

The rating agency also highlighted the bank’s strong presence within Nigeria’s merchant banking sector

South African retail giant loses R19.7 billion in five months

Clicks reported group turnover growth of 7.4% to R24.9 billion, while diluted headline earnings per share increased by 8.1% to 652.8 cents.

Full List: 10 Biggest Commercial Banks in Nigeria by Assets in 2026

Data released from banks' financial statements and NGX filings indicated a sustained increase in total assets for the top 10 listed banks, showing overall growth in the balance sheets of these financial institutions.

Reserve Bank hikes interest rates by 25 basis points

Four of the six members of the MPC called for the hike, while two called for rates to remain as they are.

Absa Bank empowers businesses to navigate market risks

The seminar featured expert-led presentations from Absa’s Markets team, offering participants valuable insights into current macroeconomic trends and practical strategies for managing foreign exchange, inflation, and interest rate risks.

Standard Bank beats Capitec and FirstRand in historic $91 billion South African banking race

The combined value of South Africa’s top three banks has now crossed $91 billion, reflecting rising investor confidence in African finance.

United Bank for Africa:Sustaining Stronger Regional Growth

Also operating in the United States, United Kingdom (UK), France, and United Arab Emirates (UAE), the group’s pan-African operations continue to be a major growth driver, contributing over 50 per cent of total assets, revenue, and profit.

Bank of Mozambique: Required Bank Reserves Increased by 7.5%

During the first half of that year, the Bank of Mozambique implemented two successive increases to absorb excess liquidity and limit inflationary pressures.

New bank coming to South Africa with thousands of branches

Pepkor noted that it submitted a section 16 application at the end of March 2026, which, if approved, would enable it to become officially registered as a bank.

Retail Banking