Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
Digital currency issued by nation states may cut out the middleman. But would that change the world for the better — or the worse? The world of money is about …
AIICO Insurance Plc said its gross written premium rose by 23.6 per cent y-o-y to N62bn as of the end of December 2020 from N50.1bn in 2019, It disclosed this …
In spite of the adverse effects of the COVID-19 pandemic Sterling Bank Plc, a full service national commercial bank has recorded N12.4bn profit before tax in the financial year ended …
‘DCash’, designed and developed by international fintech company Bitt in partnership with the Eastern Caribbean Central Bank (ECCB), became the world’s first retail central bank digital currency (CBDC) to be …
On the 1st of April 2021, Fidelity Pension Managers expressed its commitment via a statement titled ‘Fidelity Pension Managers educates customers on the need for continuous enlightenment of contributors on …
FBN Holdings Plc stated its earnings increased by 22 per cent to N89.7 bn as of the end of the 2020 financial period. It revealed this in a statement on …
Nigeria’s biggest lender Access Bank has bought a controlling interest in South Africa’s 74 year-old Grobank for around $60 million (R896-million) its CEO said the acquisition signals the culmination of …
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital …
Investors at the Equity Bank Group will walk home empty handed for the second year running after the lender withheld dividends on shrinking net earnings. The lender joined other tier …
Kenya is among key drivers of global mobile money transactions, a report by global firm-GSMA indicates, as the Covid-19 pandemic continues to push up digital payment trends. The GSMA Consumer …
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