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  • Kenya’s Central Bank: The Watchful Guardian That Holds Back Its Bite

    Over the past year, the Central Bank of Kenya (CBK) has persistently reduced interest rates and urged commercial banks to follow this downward trend. However,...

    Kenya’s Central Bank, the guard dog that won’t bite
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    Tech
    Over the past year, the Central Bank of Kenya (CBK) has persistently reduced interest rates and urged commercial banks to follow this downward trend. However, despite numerous inspections, warnings, and threats of penalties, borrowing costs for everyday Kenyans have remained largely unchanged. Interest rate reductions failing to benefit borrowers Since October 2024, under the leadership...
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  • Zenith Bank Soars with N625bn Profit, Rewards Shareholders with N1.25 Dividend!

    Zenith Bank Plc has announced its consolidated financial results for the first half of 2025, showcasing a remarkable profit before tax of N625.629 billion. The...

    Zenith Bank Posts N625bn Profit as Shareholder gets N1.25 Dividend
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    Politics Today
    Zenith Bank Plc has announced its consolidated financial results for the first half of 2025, showcasing a remarkable profit before tax of N625.629 billion. The Board has approved an interim dividend of N1.25 per share, marking a 25% increase from the N1.00 dividend paid in H1 2024. This move underscores Zenith Bank’s reputation as a...
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  • UBA Slashes Fraud Losses by Nearly 50%, Soars to ₦335bn Profit Milestone

    United Bank for Africa (UBA), boasting a market valuation of ₦1.93 trillion ($1.29 billion) and operations spanning 20 African nations, successfully reduced its fraud-related losses...

    UBA cut fraud losses nearly in half, as profits hit ₦335bn
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    Tech
    United Bank for Africa (UBA), boasting a market valuation of ₦1.93 trillion ($1.29 billion) and operations spanning 20 African nations, successfully reduced its fraud-related losses by 45.35% to ₦288 million ($192,130) during the first half of 2025. This improvement came alongside a 6.06% rise in profit after tax, which reached ₦335.53 billion ($223.84 million), as...
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  • UBA Soars with N1.608 Trillion Gross Earnings and N335 Billion After-Tax Profit in H1!

    United Bank for Africa (UBA) Plc has announced its financial results for the six months ending June 30, 2025, reporting a profit after tax of...

    UBA Records N1.608trn Gross Earnings, N335bn After-tax Profit In H1
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    Politics Today
    United Bank for Africa (UBA) Plc has announced its financial results for the six months ending June 30, 2025, reporting a profit after tax of N335 billion. The bank submitted its audited half-year financial statements to the Nigerian Exchange Limited (NGX) yesterday, revealing notable increases in both gross earnings and net profit, reflecting a solid...
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  • Elumelu Abruptly Ends US Trip After Tragic Death of UBA Staff in Lagos Afriland Towers Fire

    Tony Elumelu, Chairman of United Bank for Africa (UBA) Plc and Afriland Properties Plc, has conveyed profound grief following the tragic fire at Afriland Towers...

    Elumelu Cuts Short US Trip Over UBA Staff Killed In Afriland Towers Fire In Lagos
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    Politics Today
    Tony Elumelu, Chairman of United Bank for Africa (UBA) Plc and Afriland Properties Plc, has conveyed profound grief following the tragic fire at Afriland Towers in Victoria Island, Lagos, which resulted in the loss of several staff members on Tuesday. In a heartfelt message personally addressed to employees, Elumelu described the event as heartbreaking and...
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  • Delayed Bank Earnings Reports Stall Stock Market Rally

    Bank Earnings Postponements Temper Stock Market Enthusiasm After a period of strong gains, shares in the banking sector are experiencing a slowdown as market participants...

    Stock market numbers with rising, falling arrows.
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    Business Updates
    Bank Earnings Postponements Temper Stock Market Enthusiasm After a period of strong gains, shares in the banking sector are experiencing a slowdown as market participants adjust their expectations amid postponed financial disclosures. The delay in quarterly earnings reports has introduced uncertainty, prompting investors to reassess the risk profile of these stocks. Investor Sentiment Shifts Amid...
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  • GTCO Triumphs with N500 Billion Recapitalisation Milestone Following Rights Issue

    GTCO Achieves N500 Billion Recapitalisation Milestone Following Rights Issue Guaranty Trust Holding Company Plc (GTCO) has successfully reached its ambitious recapitalisation goal of N500 billion...

    GTCO hits N500 billion recapitalisation target after rights issue
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    Business Updates
    GTCO Achieves N500 Billion Recapitalisation Milestone Following Rights Issue Guaranty Trust Holding Company Plc (GTCO) has successfully reached its ambitious recapitalisation goal of N500 billion through a recent rights issue. This capital injection is strategically aimed at accelerating the company’s growth trajectory by enhancing its branch network, strengthening its technological infrastructure, expanding its asset base,...
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  • Access Holdings Names Innocent Ike as New Substantive GMD, Ushering in a New Era of Leadership

    Access Holdings Names Innocent Ike as Permanent Group Managing Director/CEO Access Holdings Plc has officially designated Mr. Innocent Ike as the permanent Group Managing Director...

    Access Holdings appoints Innocent Ike as substantive GMD
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    Politics Today
    Access Holdings Names Innocent Ike as Permanent Group Managing Director/CEO Access Holdings Plc has officially designated Mr. Innocent Ike as the permanent Group Managing Director and Chief Executive Officer, effective August 29, 2025. This announcement was made public through a corporate disclosure dated August 27, 2025, signed by the Company Secretary, Sunday Ekwochi, and submitted...
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  • FCMB Group Launches Second Public Offer in Ambitious Race to Raise N500 Billion for Recapitalisation

    FCMB Group Sets Sights on Expanding Capital Raise to N340 Billion During a strategic meeting held in December, First City Monument Bank (FCMB) Group secured...

    FCMB Group plans second public offer in race for N500 billion recapitalisation
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    Opinion
    FCMB Group Sets Sights on Expanding Capital Raise to N340 Billion During a strategic meeting held in December, First City Monument Bank (FCMB) Group secured approval to significantly boost its initial capital raising target. The group is now authorized to increase its fundraising goal from the original N150 billion to an ambitious N340 billion. Accelerating...
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  • Bank recapitalisation: Strengthening Nigeria’s financial system for a trillion-dollar economy

    Bank recapitalisation is key to fortifying Nigeria's financial backbone, paving the way for a robust banking sector that can support a trillion-dollar economy and fuel...

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    Business Updates, Gossip, Lifestyle, News & Gossips
    In the dynamic landscape of global finance, the quest for robust and resilient banking systems is more critical than ever-especially for emerging economies poised on the brink of transformative growth. Nigeria, Africa’s largest economy, stands at such a crossroads, envisioning a future where it ascends to the coveted trillion-dollar mark. Central to this ambitious trajectory...
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