05/15/2023
StanChart pays Sh2.5 billion loan
The lender had tapped the amount in 2013 as an unsecured 10-year subordinated loan to enhance its capital base and had the option to recall the loan after five years.
Retail Banking
05/15/2023
What you need to know about the formal remittance industry
Remittances are typically local or international transfers from an individual or family member to another individual or household.
05/15/2023
Lafferty Group, Fidelity Bank partner to host Retail Council Africa meeting
The Council meeting brought together distinguished business leaders and academics, top African bankers and payments professionals to deliberate on contemporary developments within the Banking, Finance and Payments space.
05/15/2023
FirstBank gives discounts on card transactions
The discount also extends to subscriptions for premium service via the BusinessDay website.
05/12/2023
Nigerian banks intensify acquisition drive for African market share
Aside from Access Bank with a $2.26bn capital base, GTCO ($1.71bn) was ranked 18th on the list of the top 20 African banks.
05/11/2023
KCB market value falls below Sh100bn as bear run deepens
KCB’s share price is down 19.3 percent over the past 12 months.
05/11/2023
15 Best Bank In Nigeria For Current Account
Zenith Bank is renowned for its robust electronic banking services.
05/11/2023
Access, UBA on List of Top 10 Commercial Banks in Nigeria Ranked by Workers' Salaries
The amount represents a significant increase of 13.10% compared to the N1.15 trillion recorded in 2021 as workers' expenses by the banks.
05/10/2023
Jaiz Bank Records N9.88bn in Gross Earnings
The bank further posted a profit before Tax (PBT) of N1.59 billion, a year-on-year increase of 45.62 per cent over the N1.10 billion reported in Q1 2022.
05/09/2023
Why the shift in wealth requires a shift in how we bank
The report indicates that investment migration in Africa has been on a growth trajectory for the past 25 years but has recently experienced a significant surge.
05/09/2023
Eight banks record N502bn loan losses
An impairment charge usually reflects a fall in value or worse-than-expected performance of the asset.
05/09/2023
Why South Africa’s top companies use Codehesion for app and software development
Codehesion then ensures it only employs highly-skilled and experienced software engineers, computer scientists, and project managers who specialise in software development.
05/08/2023
KPMG Survey Lists Polaris Bank as Most Improved Retail Bank
Polaris Bank’s award-winning Digital Bank, VULTe has been a game changer, making life seamless for personalized and business offerings. Between October 2022 and February 2023, over N1.5 billion loans has been disbursed through VULTe to individuals a
05/08/2023
Fidelity Bank Targets 5 Acquisitions In Africa
Fidelity is racing to expand and avoid losing out on fees from facilitating trade and corresponding banking roles to larger rivals.
05/08/2023
Payments Canada Summit: Ghana's eCedi pilot
Ghana has been aggressively pursuing a financial sector digitisation programme for several years as it seeks to boost financial inclusion and wider economic growth.
05/03/2023
FirstBank Strengthens Banking Reputation Across Africa
From FBN Bank, the name of the subsidiaries had been changed to FirstBank UK, FirstBank Ghana, FirstBank Guinea, FirstBank Senegal, FirstBank DRC, FirstBank Sierra Leone and FirstBank Gambia.
04/30/2023
UBA Ghana posts 16% growth in balance sheet
The increase in net operating income, the bank explained, was mainly due to a conscious effort to increase risk assets which saw an increase in Gross Loans and Advances by GH¢581.1 million from GH¢1,135.1 million to GH¢1,716.2 million, repr
04/30/2023
Fidelity Bank records growth with FY’22 financials
The bank’s net loan balance in 2022 stood at N2.116 trillion (2021: N1.66 trillion). This
04/30/2023
Polaris Bank About Closing Down Over Unpaid Staff Salaries
In October 2022, the CBN sold Polaris bank for a paltry N40 billion under controversial circumstances, after sinking over N1.2 trillion into it.
04/28/2023
Card, mobile money transactions rebound
The rebound in January and February this year boosted expectations of a return to growth for these cashless transactions going forward, following a decline in 2022.