Category: Banking

NOVA Merchant Bank doubles earnings in 2022 – Report

NOVA Merchant Bank Limited has released its audited full-year 2022 financial results, with an impressive...

Jaiz Bank records 69% annual profit, N33bn revenue

Jaiz Bank reported a 68.5 percent increase in net profit for 2022 as revenue surpasses...

Wema Bank appoints Moruf Oseni new MD

Wema Bank Plc’s Board of Directors has appointed Moruf Oseni as its substantive Managing Director...

Kuda begs as customers’ money vanish after second glitch

Kuda Bank has apologized to its customers after another technical failure in its system caused...

Bank of Zambia okays Access Bank, African Banking Corporation merger

The Bank of Zambia has given its final regulatory permission for one of Access Holdings...

CBN denies rumors on suspension of OPAY, PALMPAY

The rumors that the Central Bank of Nigeria has suspended accounts of Fintech businesses like...

More banks will collapse in two years, Man Group CEO predicts

The CEO of hedge fund Man Group, Luke Ellis, has warned that the banking turmoil...

LAPO MFB rewards customers to encourage saving

Some customers of Lapo Microfinance Bank have received cash prizes as a reward in the...

Investment bank Credit Suisse targets $50bn loan to stabilise finances

The financially distressed Credit Suisse says it would borrow up to 50 billion francs ($54...

Global financial stocks lose $465bn over SVB collapse

As a result of investors reducing their exposure to lenders from New York to Japan...

SVB collapse deepens crisis fears despite US intervention

On Tuesday, after assurances from President Joe Biden and other authorities failed to soothe the...

AfDB launches $5.9m financial support program for Africa

In order to strengthen the collaboration between African nations in the battle against illicit financial...