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Banks in Egypt and Nigeria face shrinking profits in 2026 as rate cuts bite

Banks in Egypt and Nigeria are likely to see profits drop in 2026 as central banks accelerate interest rate cuts following a sharp slowdown in inflation and increasingly favorable macroeconomic conditions, S&P Global said in its latest Africa banking outlook.

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Afreximbank completes pan-African mandate as South Africa signs $8bn programme

South Africa has joined Afreximbank, completing the lender’s continental membership and strengthening its institutional standing as it faces rating pressure and tighter global funding conditions.

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Uganda leads Africa’s private sector growth as Nigeria suffers surprise setback 

Overall, business momentum eased across most of the reviewed markets in January, with seven of the eight economies registering a softer PMI reading compared with December, except South Africa.

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West Africa’s GDP growth seen cooling to 4.2% in 2026 amid tight government spending

The projected slowdown comes even as macroeconomic conditions stabilise and investor sentiment improves amid ongoing reforms in West Africa’s largest economies.

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Cardtonic Introduces Platinum Card to Unlock Global Contactless Payments for Everyday Users

Planning to make contactless payments? Cardtonic Introduces Platinum Card to…

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Target Yield: A structured path to disciplined investing in Nigeria

Target Yield offers Nigerians a disciplined goal-driven investment structure with…

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Credit Direct by FCMB

Why more Nigerians are choosing Credit Direct to invest their money

In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…

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Cardtonic

Cardtonic Introduces Platinum Card to Unlock Global Contactless Payments for Everyday Users

Planning to make contactless payments? Cardtonic Introduces Platinum Card to…

Cardtonic card
BY
Credit Direct by FCMB

Target Yield: A structured path to disciplined investing in Nigeria

Target Yield offers Nigerians a disciplined goal-driven investment structure with…

Credit Direct (1)
BY
Credit Direct by FCMB

Why more Nigerians are choosing Credit Direct to invest their money

In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…

Credit Direct Yield

You can post on Techpoint Africa too!

Post here

Other highlights


Why earnings per share fell 94% at Nigeria’s oldest bank in 2025

First HoldCo’s earnings per share collapsed in 2025 after heavy loan-loss provisions and divestment losses wiped out profits, even as interest income hit record levels.

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Early warning system unveiled as Africa faces $96bn external debt bill

The tool, developed by the Alliance of African Multilateral Financial Institutions (AAMFI), is intended to help regions lenders coordinate support for countries under strain and reduce the risk of protracted disputes during debt restructurings.

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Nigeria has restored economic stability, but growth is still missing

On the news and on paper, the country’s economy is recovering and stabilising, but it appears that people’s bellies and traders’ inventories are yet to see this in reality.

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Nigeria looks to Morocco and Chile as it retools fiscal discipline for 2026

Nigeria’s 2026 fiscal strategy hinges on tighter cash control, selective divestments and PPPs. Global precedents offer hope, but execution risks could test credibility and growth.

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