European Bank Lends KCB $100 Million to Expand SME Financing in Kenya
The European Bank for Reconstruction and Development (EBRD) is lending KCB Bank Kenya Limited US$100 million, approximately €85 million, to
Read more
Money
FirstHoldCo Tops N5trn Valuation as Billionaire Otedola Bumps Up Stake
First HoldCo Plc, the parent company of Nigeria’s oldest bank, crossed the N5 trillion market capitalisation mark after chairman Femi
Read more
Nigeria’s Oldest Bank Becomes Most Valuable Lender as Shares Soar
First HoldCo Plc, parent of Nigeria’s oldest banking lender, has become the country’s most valuable listed lender after overtaking Guaranty
Read more
[BREAKING] 46 Microfinance Banks Lose Operating Licences as CBN Tightens Oversight
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MfBs) with effect from July
Read more
AFC Taps Fola Fagbule to Lead East and Central African Operations
The Africa Finance Corporation (AFC) has appointed Fola Fagbule as the new director and head of its regional office in
Read more
FirstBank Gets N45bn Capital Boost as Parent Advances Private Placement
First HoldCo Plc, the parent of Nigeria’s oldest bank, has completed a ₦45 billion second tranche of its ongoing ₦350
Read more
DRC Joins African Peers in Using Bloomberg Tool to Digitise FX Market
The Central Bank of Congo (BCC) has adopted Bloomberg’s BMatch solution to improve transparency, pricing clarity and efficiency in interbank
Read more
With N2 Trillion Market Cap, Ecobank Becomes Nigeria’s Fourth Most Valuable Lender
Ecobank Transnational Incorporated (ETI), the pan-African banking group listed in Lagos, hit the N2 trillion market capitalisation mark for the
Read more
GTCO Becomes Second Nigerian Bank to Hit N5 Trillion Valuation
Guaranty Trust Holding Company (GTCO), one of Nigeria’s largest financial services groups, saw its market capitalisation cross the N5 trillion
Read more
Access Bank’s Fintech Hydrogen Posts Lower Annual Profit of N1.65 Billion
Hydrogen Payment Services Company Limited, the fintech arm of Access Bank, reported a 12.69 percent drop in its net income
Read more