Access Bank has acquired Standard Chartered Gambia, continuing its Africa-wide M&A spree that includes Kenya’s NBK, South Africa’s Bidvest, Morocco, and Malta expansion.
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The Gulf African Bank deal is the latest in a string of mergers and acquisitions in Kenya’s banking sector.
In a sweeping overhaul of Nigeria’s credit system, the Federal Government has announced that all citizens’ credit scores will soon be linked to their National Identification Numbers (NIN). The move is part of a broader strategy to establish a unified, transparent credit infrastructure that captures every Nigerian’s borrowing behaviour across banks, fintechs, and microfinance institutions.…
The lender’s swift clarification comes after its shares tumbled nearly 8% in two days, following the CBN’s directive instructing banks with forbearance exposure to suspend dividend payments.
The banking index of the Nigerian stock market has dipped by as much as 4.17% since Nigeria’s apex bank ordered banks under regulatory forbearance to halt dividend payment
The global investment bank says Fitch’s recent downgrade has pushed the yields on Afreximbank’s 2029 and 2031 bonds above peers, making them attractive despite restructuring risks.
The report is the latest to spotlight the unintended fallout of the CBN’s aggressive monetary tightening, with the 50% CRR—the world’s highest—severely restricting banks’ ability to lend and generate income from deposits
The scale of the exposure emerged just days after Nigeria’s apex bank ordered lenders with unresolved forbearance loans to suspend dividend payouts, delay executive bonuses, and freeze new investments in offshore subsidiaries.
Nigeria-born fintech LemFi has acquired UK-based credit card issuer Pillar, marking a strategic pivot from cross-border remittances into the underserved migrant credit market.
Access Bank has officially taken over the operations of Standard Chartered Bank in The Gambia, concluding a transaction that marks the end of Standard Chartered’s 130-year presence in the country. The Central Bank of The Gambia confirmed on Thursday, 13 June 2025, that Standard Chartered’s banking licence had been voluntarily relinquished, following the full transfer…
Before issuing any ruling, the court says it will hear MTN Nigeria’s side of the story. It has given the telecom service provider five days to appear and show cause why its accounts should not be frozen.
The Attorney General’s clarification comes after media reports suggested that the law office removed the Managing Director’s name from the trial without offering any explanation.
The National Bank of Ethiopia (NBE) held its seventh foreign exchange auction of the year, selling $50 million at 134.95 birr per dollar, in a bid to stabilise its foreign exchange
Kenya’s top lenders, Equity Group and KCB Group, are grappling with Instruction 18, a new rule from the Democratic Republic of Congo, aimed to drive local investors market dominance
Despite concerns that open banking could be detrimental to Nigeria’s commercial banks, Adedeji Olowe, CEO of Lendsqr, argues that they could be the biggest winners when it goes live.
Since the internal purge began earlier this month, more than 1,500 employees have been fired over suspicious activity linked to their personal bank and M-Pesa accounts.
In pursuit of achieving Tinubu’s 8-point agenda, this new appointment signals a strategic push towards innovations in Nigeria’s housing sector.
Dr Sidi Ould Tah, Mauritanian economist and ex-BADEA chief, has been elected AfDB President. He aims to boost inclusion, climate resilience, and youth employment in Africa.
The $63 million raise is expected to give the lender the boost it needs to meet the central bank’s new capital requirement for regional banks.
Nigeria’s state-owned mortgage lender has approved $45.22 million in housing loans so far in 2024, an 80% jump from the previous year.
Even as most lenders remain well-capitalised and liquid, the outlook for the rest of the year will depend on how effectively they adapt to ongoing shifts in fiscal policy and global economic conditions.