Nigerian Banks See Biggest Fall in Africa’s Top 100 Ranking
*Combined Tier 1 capital plunges 45.6% Three Nigerian lenders — Union Bank of Nigeria, Stanbic IBTC Bank, and Ecobank Nigeria
Read more
Money
Nigeria’s FX Market Posts 757% Jump in Dollar Liquidity
Nigeria’s official foreign exchange market saw dollar liquidity surge more than eightfold this week to a record high of $12.85
Read more
Stanbic IBTC Hires Ex-Standard Bank Unit Head Nwokocha as GCEO
The Board of Stanbic IBTC Holdings Plc has announced the appointment of Chukwuma (Chuma) Nwokocha as the substantive group chief
Read more
Ecobank Exits Mozambique As FDH Bank Takes Over Subsidiary
Ecobank Transnational Incorporated said on Friday that it had completed the sale of its stake in Ecobank Mozambique S.A. to
Read more
GTBank’s Parent Posts 50% Profit Drop as Non-Core Income Falls
Guaranty Trust Holding Company, the parent company of GTBank, reported a 50 percent drop in its half-year profit as non-core
Read more
Access Bank’s Parent Gets New GCEO as Bolaji Agbede Bows Out
Access Holdings has announced the appointment of Innocent Ike as the substantive Group Managing Director/Chief Executive Officer of the company,
Read more
South Africa’s Nedbank Exits Ecobank as Bosquet Investments Buys Stake
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has confirmed the execution of a purchase agreement between
Read more
CFO of FirstBank’s Parent FirstHoldCo Bows Out
First HoldCo Plc, the parent company of Nigeria’s oldest lender FirstBank, has announced the retirement of its chief financial officer
Read more
UBA Begins Second Tranche of N400bn Capital Raise
United Bank for Africa Plc (UBA) launched on Wednesday its rights issue of 3,156,869,665 ordinary shares at N50.00 per share.
Read more
Ecobank’s Half-Year Profit Rises 23% as Net Revenue Tops $1bn
Pan-African lender Ecobank Group reported a 23% year-on-year increase in its half-year profit before tax to $398 million. The cost-to-income
Read more