EXCLUSIVE: Access Holdings shifts to consolidation phase after expansion drive

This strategic pivot is intended to address concerns among some shareholders and analysts who, despite the bank's significant expansion, have deemed its stock undervalued.

Aruwa Capital nears $50M target as it closes $35M for gender-focused fund II

Aruwa Capital Management, a female-led Lagos private equity firm, closes $35M for its gender-lens Fund II and plans to expand investments across Nigeria and Ghana.

Lendsqr launches voice, video AI for loan assessments

Lendsqr has developed an AI-powered voice and video analysis model to revolutionize credit scoring for Nigeria’s informal sector, offering a new path to financial inclusion for over 100 million unbanked adults.

Access Bank sets 2025 finish line for $100M acquisition of KCB unit

“My expectation is that before the end of the third quarter, we should see significant progress made on the NBK transaction. Without a doubt, it will be a 2025 play,” Ogbonna stated

BREAKING: UBA posts 33% rise in Q1 2025 profit as interest income surges

UBA is currently progressing with its equity capital raise program targeting up to ₦400 billion

VBank rebounds to profitability with ₦366 million in 2024

VFD Microfinance Bank's positive performance contributed to a wider recovery for its parent company, VFD Group Plc, which also rebounded to profitability after a ₦750 million ($471,824) loss in the previous year.

Wema Bank cuts fraud losses by 95% in 2024

Last year, the bank promised to hire more people in its digital compliance department to reduce the number of fraud cases

Kenyan loan app Whitepath fined $2,000 for privacy violations and harassment

Since its 2019 launch, this marks the company's second privacy violation penalty.

₦203 billion bad loans: Unity Bank’s crisis deepened amid Providus merger, job cuts

Unity Bank's financial woes stem from a loan portfolio heavily concentrated in the agriculture sector, accounting for 91% of its lending

SANEF taps ex-Diamond Bank executive Uzoebo as CEO to drive financial inclusion

Uzoebo is the second female to hold the top position in a row.

Access Bank faces customer outcry after core system upgrade disrupts services

"Yesterday after service, I was typically stranded due to a bank’s negligence," one of the customers told Condia on Monday.

Access Bank embarks on second major core banking upgrade, in five years, starting today

The upgrade is crucial for managing the data of Access Bank’s more than 60 million customers across 23 countries