Nigeria: KPMG Names Ecobank Nigeria Among Customer Experience Leaders

Nigeria: KPMG Names Ecobank Nigeria Among Customer Experience Leaders

KPMG Nigeria has ranked Ecobank Nigeria among the top three banks with good customer experience in the Small and Medium Enterprises (SME) segment. KPMG’s Nigeria banking industry customer experience survey measures the performance of lenders in the country in terms of their relationship with their account holders and other users of financial services. The 2020 […]

All-Share Index Rises 0.8% as Market Sustains Positive Momentum

All-Share Index Rises 0.8% as Market Sustains Positive Momentum

The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]

Nigeria: All-Share Index Rises 0.8% As Market Sustains Positive Momentum

Nigeria: All-Share Index Rises 0.8% As Market Sustains Positive Momentum

The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]

Moody's Takes Ratings Actions on 32 Banks in Africa Following Update to Country Ceilings Methodology

Moody’s Takes Ratings Actions on 32 Banks in Africa Following Update to Country Ceilings Methodology

Monday, December 14, 2020 /12:17 PM /by Moody’s Investors Service / Header Image Credit: Tire Business Proshare Nigeria Pvt. Ltd. Moody’s Investors Service ("Moody’s") has taken various ratings actions on some ratings of 32 banks across 10 African countries: Angola, Democratic Republic of Congo, Egypt, Ghana, Kenya, Morocco, Nigeria, Tanzania, Tunisia and Uganda. The rating […]

Why three of Nigeria’s banks are restructuring to holding companies

Why three of Nigeria’s banks are restructuring to holding companies

Sterling Bank has developed Specta, a digital retail lending platform competing with new age fintechs in Nigeria’s competitive financial services sector. In 2020, there’s a new trend happening in the Nigerian banking sector. After prioritising their core banking services for nearly a decade, some Nigerian banks are restructuring to diversify their revenue base and remain […]