. Coronation Asset Management has released its report on Nigerian banks titled: "Nigerian Banks, Resilience Built In." The report showed that Nigerian banks’ earnings have been remarkably resilient over the interest rate cycle, with their profitability improving over time. Also, their stock values are remarkably cheap compared to Ghanaian and Kenyan bank stocks. The report, […]
Standard Bank Group, Africa’s biggest bank, rewarded for its COVID-related and women empowerment programmes; Access Bank’s Herbert Wigwe wins Banker of the year for second consecutive year; Innovation and resilience featured highly in this year’s entries; Organisers highlighted that economic recovery will only happen with greater equity investments on the continent; African Banker Icon highlights […]
Standard Bank Group was on Wednesday named African Bank of the Year by a leading publication in recognition of the banking giant’s achievements in fighting the Covid-19 pandemic and empowering women. African Banker ( https://bit.ly/2T1pgvl) magazine announced the winners of its 2021 Awards at a virtual ceremony held on the side-lines of the African Development […]
The bank is also considering launching virtual cards. The Central Bank of Nigeria (CBN) on Thursday said its digital currency may be launched by the end of 2021. Rakiya Mohammed, an Information Technology Specialist with CBN, made the disclosure at an online news briefing at the end of Bankers Committee meeting. According to her, the […]
KCB’s increased investment in Banque Populaire du Rwanda Plc (BPR) signals the increasing attraction of the landlocked country’s banking industry to Kenyan lenders. Other African banks such as Nigerian banking giant, Access Bank Plc, have also shown huge interest in the country of more than 13 million people, by acquiring an additional 16.22 percent shareholding […]
KCB’s increased investment in Banque Populaire du Rwanda Plc (BPR) signals the increasing attraction of the landlocked country’s banking industry to Kenyan lenders. Other African banks such as Nigerian banking giant, Access Bank Plc, have also shown huge interest in the country of more than 13 million people, by acquiring an additional 16.22 percent shareholding […]
An aerial view of Kigali, Rwanda on September 21, 2018. PHOTO | POOL KCB’s increased investment in Banque Populaire du Rwanda Plc (BPR) signals the increasing attraction of the landlocked country’s banking industry to Kenyan lenders. Other African banks such as Nigerian banking giant, Access Bank Plc, have also shown huge interest in the country […]
The Nigerian Exchange Group (NGX Exchange) has placed Resort Savings and Loans (Mortgage firm), Union Homes, and Aso Savings & Loans on restructuring status. This was disclosed by the Exchange in its X-Compliance Report , released last Friday and seen by Nairametrics. Why they were asked to restructure The Exchange approved their restructuring after it […]
As part of activities marking the sixth anniversary of the Access Bank flagship ‘W’ Initiative, the Bank has hosted leading women across Africa in a virtual Pan-African Women Conference to highlight the importance of creating an enabling environment that helps women to thrive. Riding on this year’s International Women’s Day theme, "Choose to Challenge", the […]
Pulse Nigeria Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared with 39,267.11 posted on Tuesday. Also, the market capitalisation dropped by N116 billion, closing at N20.428 trillion, from N20.544 trillion. The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which […]
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