Ecobank Nigeria Swings to $31m Loss as Bad Loans Surge
Ecobank Nigeria swung to a pre-tax loss of $31 million in 2025 from a profit before tax of $5 million
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Money
Nigeria’s Top Lender Zenith Takes Over Kenya’s Paramount Bank as Gateway to East Africa
Zenith Bank has completed the acquisition of Paramount Bank Kenya Limited, marking its entry into East Africa’s largest economy and reinforcing its
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Zenith Bank Profit Hits N1.04trn as Interest Income Surges
Zenith Bank, Nigeria’s most profitable lender, reported a profit after tax of N1.04 trillion for 2025, up from N1.03 trillion
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[BREAKING] Flutterwave, Africa’s Most Valuable Fintech, Becomes Nigeria’s Newest Bank
Flutterwave Inc., an African payments technology company, says it has secured a Nigerian banking licence that enables it to hold
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Moniepoint Buys Sumac Microfinance Bank in Kenyan Market Debut
Moniepoint Inc. has announces the completion of its acquisition of Sumac Microfinance Bank Limited, a Central Bank of Kenya-licensed microfinance
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Profit at GTBank’s Parent GTCO Falls 15% Below N1trn
Guaranty Trust Holding Company (GTCO), the parent of Guaranty Trust Bank, saw its profit after tax fall below the N1
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Fintech HabariPay Outshines GTBank Kenya, Fund Managers as Profit Soars 151%
HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company (GTCO), has overtaken both GTBank Kenya and GT Fund Managers
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CPPE Flags ‘Severe Disconnect’ Between Banks and Real Sector as CBN Wraps Up Recapitalisation
The Centre for the Promotion of Private Enterprise (CPPE) has hailed the Central Bank of Nigeria (CBN) for what it
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Access Bank Alone Sees Brand Value Slip in Africa Amid Expansion Drive
Access Bank, Nigeria’s largest lender by assets, has seen its brand value decline this year amid an aggressive pan‑African expansion
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Nigeria’s Forex Market Liquidity Tumbles 80% in One Week
Nigeria’s foreign exchange (FX) market suffered a sharp contraction in liquidity last week, with total turnover plunging by more than
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