Banking, Finance & Investment

African Bank has come to the rescue of the troubled Ubank. The bank announced on Friday that it is the successful bidder to acquire the majority of Ubank’s disclosed assets …

Nedbank has been ordered to cough up a R2 million penalty for implementing a transaction before competition authorities approved the deal, the Competition Tribunal said on Thursday. In a statement, …

Co-op Bank Group has posted a Sh11.5billion half-year profit marking a 55.4 per cent jump compared to Sh7.4billion reported in the same period in 2021. The improved performance was attributed to …

The Central Bank of Nigeria (CBN) has unveiled the unstructured supplementary service data (USSD) code for the eNaira to enhance financial inclusion in the country. Godwin Emefiele, CBN governor, inaugurated …

The family of the late President Daniel Moi has restructured its ownership in Standard Chartered Bank, with his son appearing among the top individual owners of the listed lender. Regulatory …

Bank loan defaults have crossed the half a trillion shilling mark for the first time, setting up thousands of borrowers for property seizures in an economy hit with reduced cash …

In a clear demonstration of its industry leadership and consistency in providing superior financial returns, Zenith Bank PLC has announced its audited results for the half-year ended June 30, 2022. …

SheVentures has resumed the disbursement of 90-day zero-interest loans of up to N5million to women-owned Small to Medium Enterprises (SMEs) across Nigeria. SheVentures is the unique proposition in support of …

TajBank Limited has revealed plans to unveil a digital banking application developed by Nigerian software engineers, a move aimed at attracting more customers to its platforms as it seeks to grow its …

Equity Group has posted a 36 percent jump in net profits to Sh24.4 billion in the first half of this year on increased lending and strong performance of non-funded income. The …