Managers of Wealth Africa

First Abu Dhabi Bank to open Nigerian office in sub-Saharan push

We were absolutely convinced that we needed a presence in sub-Saharan Africa. We have a presence in Egypt.

Absa F&I Awards honours top performers

The prestigious event was sponsored by Absa, which has delivered its endorsement and headline sponsorship since the inaugural awards in 2023.

FG’s N9tn domestic loans surge drains lifeline from businesses

In contrast, net credit to the private sector declined by N1.543tn in 2025, highlighting the challenges faced by businesses amid tight monetary conditions and elevated interest rates.

Weak PSCE growth; recovery ahead

The data reflects lending across the entire banking system, including state-owned development institutions such as the Bank of Industry

Ghana’s public debt declined to GH¢644.6bn in November 2025

The data showed that the external debt stood at US$29.3 billion in November 2025 2025, lower than the US$29.5 billion in November 2025.

Nedbank issues urgent scam alert over AI-generated investment fraud

Nedbank has confirmed that the content is a scam and is not linked to the bank or any of its legitimate products.

Nigerian banks face tough road to Africa’s top 10

In March 2024, the Central Bank of Nigeria (CBN) directed deposit money banks to raise their minimum paid-up capital in line with their operating licences.

Seven Nigerian banks currently authorised for International operations

The countdown to March 31 2026 sharpens every decision, intensifying the suspense and raising the stakes for lenders across the country.

Standard Bank losing out to Absa

Meanwhile, Francisco Khoza, the head of legal, will join the Absa team as deputy general group counsel, Absa said in response to queries.

Nigeria: Access Holdings lags banking peers in 2025

Access Holdings Plc’s 2025 financial year told a clear growth-at-a-cost story.

Nigeria: Examining balance of payments surplus, remittances, FX reserves inflows

Nigeria successfully returned to international capital markets in late 2024 and received upgrades from several rating agencies

Major shift in African banking

The transition can be traced to early 2016 when Barclays, in Africa since 1916, announced its gradual exit from the continent.

More banks meet recapitalisation threshold as tally exceeds 20

United Bank for Africa has also crossed the threshold with the conclusion of its recent N178.3 billion rights issue.

SA banks eye Standard Chartered Botswana sale

Sale of entire business attracts interest from Absa and Firstrand

Ecobank celebrates an outstanding 2025, with awards across Africa

In a milestone year that reflects both legacy and momentum, Ecobank received top honours from leading financial services platforms

Banks dominate dividend yield as NSE hits new high

High yields for investors are linked to the sector's strongest performance, especially in the first nine months of the year.

FNB has good news for South Africa

The current reading means that 52% of respondents were satisfied with prevailing business conditions.

Standard Bank representative office first to be re-licensed under Ethiopia’s new banking proclamation

This milestone comes as Ethiopia advances reforms aimed at increasing foreign investment and strengthening its financial sector.

UK remittance share to Ghana drops to 17.5% as BoG eyes diaspora investment push

He explained that diaspora remittances have traditionally supported household consumption and strengthened the balance of payments.

Banks Deposit With CBN Reached N336.24trn in 2025 on Credit Risk Concerns

Analysis of the CBN financial data for 2025 revealed that banks and merchant banks deposited more cash than they borrowed to underline excess liquidity in the financial sector.

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