Nigeria’s richest banker Jim Ovia gains $8 million from Zenith Bank shares
This follows a tough 2024 marked by Nigeria's currency devaluation and economic challenges that weakened Ovia's investments.
Nigerian Banker
Access Bank denies missing $296,093, reaffirms commitment to ethical banking standards
Access Bank responds to viral allegations of missing funds, assuring customers and stakeholders of its continued adherence to ethical practices and financial transparency.
Zenith Bank reports $604 million in profit, nearly doubles earnings in Q3 2024
Zenith Bank, Nigeria’s leading financial institution, achieves a remarkable 99-percent profit growth, reaching N1 trillion ($604.3 million) in the third quarter of 2024, driven by robust interest income and strategic investments despite challenging economic conditions.
Jim Ovia gains $7.1 million from Zenith Bank stake
Ovia, the founder and chairman of Zenith Bank, holds a controlling stake of 16.2 percent — equivalent to 5,082,800,739 shares.
Access Bank, led by Nigerian executive Chizoma Okoli, launches ‘Power of 100 Africa’ initiative to empower 100 female entrepreneurs
Access Bank introduces a groundbreaking initiative to support 100 female entrepreneurs across 16 African countries, reinforcing its commitment to women’s leadership and economic growth.
FCMB, led by Nigerian banker Yemisi Edun, launches new accelerator program to empower 350 women entrepreneurs
First City Monument Bank (FCMB) introduces the Fempreneur Accelerator program, designed to support 350 women-led small and medium enterprises (SMEs) in Nigeria, promoting economic growth and innovation.
Nigerian banking giant GTBank implements 40-percent salary hike amidst economic reforms
GTBank has increased employee salaries by 40 percent in response to Nigeria's economic reforms and rising inflation, reinforcing its commitment to staff welfare while maintaining its position as one of the country’s most cost-efficient banks.
Oando targets 100,000 barrels of oil per day amid global expansion plans
Irune highlighted the company’s focus on deepening regional investments while working closely with local governments and host communities.
UBA CEO Oliver Alawuba’s stake tops $1.4 million after new acquisition
Alawuba, who leads one of Africa's most transformative financial institutions, continues to grow both the bank's operations and his personal fortune this year.
Access Holdings receives approval to establish Namibian banking unit
The move is part of Access Bank’s broader strategy to drive economic growth and enhance intra-African trade within the Southern Africa region.
Access Holdings, led by Nigerian banker Aigboje Aig-Imoukhuede, merges pension units to strengthen market position
This strategic consolidation is aimed at enhancing the company’s operational capabilities and fostering innovation in Nigeria's expanding pension sector.
Access Bank, linked to Aigboje Aig-Imoukhuede, partners with stakeholders on renewable energy
This move aims to strengthen the Nigerian economy while aligning with global sustainability goals.
Access Holdings, led by Nigerian banker Aigboje Aig-Imoukhuede, posts $174.5 million in profit in H1 2024
Access Holdings’ profit surges to $174.5 million in H1 2024, riding on strong asset growth and income gains.
Access Bank linked to Nigerian banker Aigboje Aig-Imoukhuede secures new deal to boost SME lending in Ghana
The partnership is expected to drive economic growth, job creation, and particularly support women-owned businesses in the country.
Nigerian banker Segun Agbaje leads GTCO to $552-million profit in H1 2024
This aligns with GTCO's ambitious target to become the first Nigerian company to achieve a $1 billion profit milestone.
Nigerian banker Ladi Balogun-led FCMB Group completes initial phase of capital raise
This move is aimed at strengthening the bank's financial foundation and supporting its expansion within Africa's financial markets.