Wema Bank Plc has announced that it has successfully exceeded its recapitalisation target after raising N157bn through the first phase of its capital-raising exercise. The funds were secured from a …
Banking
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BankingBusinessCapital MarketEconomyFinancial InclusionINVESTMENT
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BankingDevelopmentEconomyFinanceGovernanceNews
Parallex Bank Unveils N4bn Support Fund for Lagos Local Governments
Parallex Bank Limited has introduced a N4 billion financial support programme aimed at boosting the operations of local governments across Lagos State. The initiative, which targets all 20 Local Government …
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BankingBusinessEconomyFinanceNewsNigeriaTechnology
UBA Unveils Fifth Supersavers Promo with N150m Prize to Boost Savings Culture
The United Bank for Africa Plc has launched the fifth season of its Supersavers Promo, which will reward customers with N150 million in prizes while encouraging more Nigerians to embrace …
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African EconomyAgricultureBankingBusiness InsightsDevelopment
Pride Bank launches Sacco, Investment Club loans in Uganda
Pride Bank Limited has introduced a new Sacco and Investment Club product that promises to boost savings groups and investment clubs in Uganda by giving them easier access to credit. …
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AFRICA NEWSBankingConsumer ProtectionCyber securityFinanceFraud AwarenessNorth Africa
North African Bank warns against illegal sale of Visa and MasterCard
The North African Bank has issued a strong warning to customers over the buying and selling of international cards such as Visa and MasterCard outside approved channels. The bank explained …
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BankingBusiness and EconomyFinancial InclusionGhanaMedia & CommunicationsNews
Fidelity Bank engages Volta Region media to deepen partnerships
Fidelity Bank Ghana has held a one-day media engagement session in Ho, the Volta Region capital, bringing together selected journalists and media practitioners to strengthen relations and enhance communication with …
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BankingBusinessEconomyFinanceForex TradingOil & Gas
Naira Gains Slightly as Nigeria’s External Reserves Hit $41 Billion High
The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
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GCB Bank PLC, one of Ghana’s largest indigenous financial institutions, has announced the appointment of Aurelia Baaba Ofori Odame as its new Head of Afro-Asia Trade and State-Owned Enterprises (SOEs). …
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AfricaBankingBusinessEconomyForex TradingTrade
African Currencies Show Mixed Outlook as Ghana’s Cedi Faces More Pressure
African currencies are set for a mixed performance in the coming week, with Ghana’s cedi expected to weaken further against the dollar, while the shilling in Kenya, the naira in …
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BankingBusinessEconomyForeign AffairsGOVERNMENTGovernment PolicyINVESTMENT
Nigeria Attracts $5.64bn in Q1 2025 as Banking Sector Leads Capital Inflows
Nigeria recorded a strong rise in foreign capital inflows in the first quarter of 2025, attracting a total of $5.64 billion. The latest capital importation report released by the National …