Managers of Wealth Africa

Spire Bank in sale talks after exit of billionaire Merali

Last year it sought shareholders’ nod to engage potential suitors seeking acquisition of a 100 percent stake in the bank.

Access Bank Promises Improved Performance, Higher Dividend Payment

Access Bank recorded a profit after tax of N106 billion in 2020, up by 13 per cent from N94 billion in 2019

Union Bank recorded N6.9bn profit in Q1– Report

Union Bank said its operating expenses fell by four per cent to N17.3bn from N18bn in Q1, 2020, an outcome of sustained cost optimisation efforts; while non-performing loans ratio was flat at four per cent.

Access Bank Posts N222bn Earnings, N60bn Profit in three Months

As a result of effective implementation of our cost reduction strategy, operating expenses remained flat, despite the inflationary environment and increased regulatory cost.

Fidelity Bank’s first quarter profit rises 64% on higher forex gains

The bank’s asset base scaled up from N2.3 trillion to N2.9 trillion.

Q1: Ecobank Group Grows Profit after Tax by 23% to N30 Billion

Profit after tax grew by 23 per cent from N24.694 billion to N30.494 billion.

Tanzania: Equity Sets to Triple Customer Base

The bank has 4,271 agents as of mid-last week and 14 branches across major cities and towns.

GTBank grows deposit to N3.7trn in Q1’21

This is a reflection of the resilience of our franchise, our prudent approach to risk management and the efficacy of our digital first customer-centric business strategy.

Polaris Bank Posts N28.9bn Profit in 2020

Its total assets stood at N1.18 trillion, which was a three per cent growth over the previous year, while shareholders’ funds grew by N14 billion (17%), largely attributable to internally generated profits.

Absa’s CEO Exit Creates More Than Just One Headache for Lender

The lender’s first Black CEO resigned on Tuesday following a dispute with some subordinate directors over strategy, less than two months after his deputy Peter Matlare died from complications from Covid-19.

Nedbank Launches WhatsApp Money Service With Mastercard In S. Africa

It's part of our compliance with financial regulations in South Africa to match your ID or passport photo with your selfie.

NBK turnaround is work in progress

The bank would receive billions of shillings in State-funded bailouts only to continue to make loans to unreliable borrowers.

Guaranty Trust Bank Reports Pre-tax Profit Of N53.7bn In Q1

Deposit Liabilities increased by three per cent from N3.611 trillion in December 2020 to N3.717 trillion in March 2021, whilst the Group’s loan book (Net) dipped by 1.4 per cent from N1.663 trillion recorded as at December 2020 to N1.639 trillion in

The Mauritius Commercial Bank Ltd (MCB) provides USD 60m funding to fuel Senegal's national electrification and LNG-use ambitions

The Powership will soon shift from the use of heavy fuel oil to gas.

Retail Banking