09/16/2020
The Forbes Best of Africa Award is for business personalities with a record of creating and building great global businesses that have made far-reaching contributions to the development of Africa.
09/15/2020
It will operate Guaranty Trust Bank East Africa which will house the bank’s operations in Kenya, Rwanda, Uganda and Tanzania.
09/14/2020
profits earned in the first half of the year.
09/14/2020
It would also allow Zenith Bank to on-lend to eligible sub-borrowers involved in the manufacture and supply of medical resources needed to combat the COVID-19 pandemic.
09/11/2020
The COVID-19 pandemic did not have any impact on how much the bank workers earned.
09/11/2020
FirstRand says coronavirus has devastated econoomy Porfits drop 38%, mainly due to $915 mln bad debt provision says crisis will weigh on profits
09/11/2020
The data below covers group and South African data, as indicated, taken from each respective bank’s latest full year financial results.
09/11/2020
CIB’s involvement in the successful conclusion of the AFC ‘Kimchi’ Syndication transaction also saw it nominated for Deal of the Year in the Debt Finance award category, the company stated.
09/09/2020
The value of bad loans in the banking sector rose by Sh29.95 billion between March and June alone showing the intensity of economic hardship facing borrowers due to increased layoffs and salary cuts.
09/09/2020
The breakdown revealed that UBA reported 6.73 per cent increase in fee and commission to N55.87bn from N52.34bn in 2019 while Access Bank reported N51.77bn fee and commission in H12020, up from N41.86bn in 2019.
09/09/2020
This high-valued service will improve our customers’ ability to track cross-border payments or transactions in real-time, with maximum transparency.”
09/09/2020
Debt market yields have dropped from a high of 18% three years ago. Yields on the one-year treasury bill are quoted under 5%.
09/08/2020
The FUGAZ generated a sum of N67.3 billion from electronic business during their half-year 2020.
09/08/2020
Fraud has become one of the most challenging issues facing the financial sector of most countries globally.
09/07/2020
The six-month loss is more than twice the Sh254.7 net loss it booked in the full year of trading in 2019.
09/07/2020
First Bank is still the largest Nigerian bank by customer deposits but Zenith Bank is closing in.
09/07/2020
Net assets grew by 20 per cent to N242bn from the N202bn reported in Q1 2019.
09/07/2020
Total gross earnings within the top seven banking group rose by 7.8 per cent to N1.77 trillion in first half 2020 compared with N1.65 trillion recorded in corresponding period of 2019.
09/06/2020
The bank mentioned lockdown restrictions on tourism and hospitality industries had a devastating impact on its enterprise, which has a powerful focuses on overseas exchange and associated merchandise.
09/04/2020
Combined, our top ten list would be valued at over $600 billion USD. Interesting fact, only four countries in Africa as a whole are represented in the Top Ten list; in fact, one country alone holds five places on the list.