Nigeria’s Fidelity Bank is well on course to achieving its aim of becoming a tier 1 bank in the next few years.…
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.…
Rising household debt, problems for SMEs and the growth of non-performing loans all pose problems for banks, but the pandemic also provides opportunities, says Tom Minney
Where do banks stand in the wake of the Covid-19 pandemic?…
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.…
Global investment banking has been doing remarkably well, despite the restrictions imposed by Covid-19, but African deals are down.…
A combination of the oil price decline and Covid-19 has prompted international rating agency Fitch to downgrade Nigeria’s banking sector to negative but the medium-term outlook is relatively stable, says Mahin Dissanayake, senior director, banks, Africa and the Middle East, Fitch.…
The global economic devastation that has come in the wake of the coronavirus crisis has not spared Africa but perhaps the impact has not been so severe yet.…
Digital financial services are both broadening and speeding up financial inclusion in many African countries – a key factor in accelerating economic growth.…
