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The Federal High Court has ordered Unity Bank’s shareholders to vote on a merger with Providus Bank, a move that would see the century-old lender dissolve without winding up.
The Islamic lender also assured that it is on track to meet the October 31, 2025, deadline for migration to ISO 20022, saying its core payment infrastructure is already enabled for the new standard.
Union Bank of Nigeria, has finalised its merger with Titan Trust Bank (TTB), bringing an end to a process that began in 2021 when TTB acquired a controlling stake.
Sidi Ould Tah was sworn in on September 1, 2025 as the ninth President of the African Development Bank Group (AfDB), succeeding Nigerian economist Akinwumi Adesina, who completed a decade-long tenure.
The injection, funded through GTCO’s two-phased equity capital raising programme approved in 2024, increases GTBank’s share capital from ₦138.2bn ($90.1m) to ₦504.0bn ($328.8m) — surpassing the CBN’s ₦500bn ($326.2m) threshold.
Japan Credit Rating Agency has affirmed Afreximbank’s A- rating with a stable outlook, crediting its trade-finance role, amid ratings downgrade by Fitch and Moody’s.
Moody’s has described Nedbank Group Limited’s planned divestment of its 21.2% stake in Ecobank Transnational Incorporated (ETI) as credit positive, saying the move will allow the South African lender to sharpen its focus on more profitable markets.
Access Holdings Plc, Nigeria’s largest banking group by assets, saw its share price extend a two-day losing streak on Thursday after the appointment of Innocent Ike as Group Managing Director/CEO.
Access Holdings, Nigeria’s largest banking group by assets, has appointed Innocent Ike as new Group Managing Director and Chief Executive Officer, terminating Bolaji Agbede’s 18-month tenure.
South Africa Capitec overtakes FirstRand Bank to become Africa’s most valuable bank, helped by a mix of share rally, asset returns, and appointment of CEO Lee
The Central Bank of Kenya (CBK) has introduced a new framework that will overhaul how commercial banks price loans, in a bid to strengthen monetary policy and end opaque lending practices.
Nigeria’s banks are racing to meet the central bank’s recapitalisation deadline, raising ₦800bn ($523m) in the first seven months of 2025, with a further ₦900bn projected by December.
Standard Bank Group has appointed Joshua Oigara as Regional Executive for East Africa, while he continues to serve as Chief Executive and Executive Director of Stanbic Kenya.
The fresh capital is expected to lift the unit’s standing into Tanzania’s top five lenders from its current tenth position, where it manages assets of $666 million.
Paul Russo, KCB’s CEO said the bank is weighing an application for exemption from Ethiopia’s foreign ownership rules, which cap overseas stakes at 49%.
South African lender Nedbank is selling its stake in ETI to Bosquet Investments, owned by former Ecobank chairman Alain Nkontchou, in a deal expected to close later this year.
Despite having the lowest combined brand value among Africa’s top banking markets, Kenya’s three top lenders—Equity Bank, KCB, and Co-Operative Bank—posted the continent’s highest growth, rising 25.1% to $1.18 billion in 2025, according to the latest African Banking report.
FirstRand Group, Africa’s largest bank by market value, is positioning for entry into Kenya’s banking sector, viewing the country’s rising minimum capital requirements as a gateway for expansion.
The Central Bank of Kenya (CBK) has invited public comments on the draft CBK (Non-Deposit Taking Credit Providers) Regulations, 2025.
ETI’s divestment came on the same day South Africa’s Nedbank announced plans to sell its 21.2% stake in the group, worth around $115.9m at current market prices.