One of Ghana’s leading retail banks, Access Bank Ghana has partnered Visa International – one of the world’s largest card issuers, to roll out the Visa Contactless “Tap and Pay” cards unto the market. This partnership is in line with Access Bank’s commitment to drive digital innovation and adoption across its operations, as part of […]
Tag: XNSA_ACCESS
Nigerian Capital Market – Pandemic, Performance and Palliative
Across the world, the impact of the novel coronavirus is still severe despite the ease of lockdown for economic reasons. The uncertainty continues to heighten and no economy is spared from the fall-out from the COVID-19 outbreak. Many African capital markets are bearish: Namibia, South Africa, Mauritius, Egypt, Morocco, Kenya, Ghana, Malawi and a few […]
Covid-19 spurs domestic bank M&A in Africa
Access Bank’s Zambian subsidiary announced plans for the acquisition of a 100% stake of domestic lender Cavmont Capital Holdings Zambia in mid July. Following the collapse of Equity Bank’s plans to acquire Atlas Mara’s subsidiaries in Rwanda, Zambia, Mozambique and Tanzania in June, the deal is a sign that an anticipated Covid-19-driven spate of bank […]
Oil exposure raises questions for West Africa’s big banks in age of coronavirus
West Africa’s major banks could suffer a spike in loan defaults as lower oil prices and the acute economic impact of the coronavirus pandemic hits the region, analysts said. In Nigeria, Africa’s biggest oil producer and fourth-largest banking sector by assets, lenders are heavily exposed to the energy sector. Lending to oil and gas companies […]
Access Bank to roll out Visa contactless payment cards in Ghana
Ghana-based Access Bank has forged a partnership with payments giant Visa International to launch contactless payment cards. Under this partnership, Access Bank will roll out Visa’s contactless “Tap and Pay” cards into the market. The ‘Access Bank Contactless Visa card’ enables cardholders to make payments by just tapping their cards at point-of-sale (POS) terminals at […]
Euromoney Awards for Excellence 2020 Africa winners revealed
Equity Bank is Africa’s best bank in this year’s Euromoney Awards for Excellence. It has managed a rare feat for banks in the continent, to become a domestic champion and substantial regional player in East Africa. It is also named as Africa’s best digital bank . “Under the stewardship of chief executive James Mwangi, the […]
Moi allies get Sh1.4bn in Transnational Bank sale
A customer waits to be served at a Transnational Bank branch in Nairobi. Close associates of former President Daniel Moi have received Sh1.4 billion for selling a majority stake in Transnational Bank to a top Nigerian lender. FILE PHOTO | NMG Close associates of former President Daniel Moi have received Sh1.4 billion for selling a […]
A look at how much banks paid their workers in Q1 2020
The banking sector has long been the toast of many Nigerian workers, mainly because people who work there are believed to earn quite a lot of money. While this may not be entirely true for every Nigerian banker, the truth remains that the sector is one of the best-paying in the country. In Q1 2020 […]
Euromoney Awards for Excellence 2020 Africa winners revealed
Equity Bank is Africa’s best bank in this year’s Euromoney Awards for Excellence. It has managed a rare feat for banks in the continent, to become a domestic champion and substantial regional player in East Africa. It is also named as Africa’s best digital bank . “Under the stewardship of chief executive James Mwangi, the […]
SEPLAT taps top banker, accountant Onwuka, as finance chief, ED
Banker was GMD of acquired Diamond Bank in heyday Emeka Onwuka (CREDITS: Anderson Tax Nigeria) Seplat Petroleum Development Company Plc , the dual Nigerian Stock Exchange and London Stock Exchange listed Nigerian indigenous oil and gas company, has tapped top Nigerian banker and accountant, Emeka Onwuka , as its chief financial officer and executive director, […]