After pushing banks to create N3.5trn ($9.06bn) of new lending in one year and seeing a spike in non-performing loans, the Central Bank of Nigeria enacted the Global Standing Instruction, which empowers banks to debit accounts of chronic loan defaulters in any bank within Nigeria.…
Covid-19 has accelerated the move towards full-spectrum digitisation of banking services.…
Alain Nkontchou was appointed Chairman of Ecobank Transnational Inc in June.…
African economies, hit simultaneously by Covid-19 and low commodity prices, are facing a deadly liquidity crisis as governments desperately try to shore up crumbling economies.…
The Trade and Development Bank (TDB) was named African Bank of the Year at this year’s African Banker Awards.…
At the end of July, the credit rating agencies drew anger when a number of African sovereigns were either downgraded or placed under review for downgrade.…
A stubbornly weak economy and the fallout from the pandemic has forced the South African government to break one of its cardinal rules and go to the IMF for a loan.…
Nigeria’s Bank of Industry (BOI) was named SME Bank of the Year for 2020 at the prestigious African Banker Awards in August.…
The Nigerian banking sector has undergone an astonishing metamorphosis over the past 60 years, going from bank failures, fraud and scams to becoming one of Africa’s strongest industries, with some of the continent’s most significant and progressive banks and bankers.…
The secrecy that has surrounded Tanzania’s controversial approach to tackling the Covid-19 pandemic – the country has not released national statistics since 29 April – appears to have extended to its management of the country’s foreign reserves.…
