Tag: Banking
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Stanbic IBTC Posts 69% Profit Jump in 2025 Earnings
Overview: A Strong Earnings Rebound for Stanbic IBTC in 2025 Stanbic IBTC Holdings Plc delivered a striking earnings rebound in 2025, underscoring a robust balance sheet and resilient revenue streams. The group reported a 69% year-on-year increase in profit after tax (PAT), rising to about N380.8 billion from N225.3 billion in 2024. This jump reflects…
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ACAMB Elects New Executives for 2026-2028 Term
ACAMB Announces New Executive Council for 2026-2028 The Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has unveiled its new executive council for the 2026-2028 term, signaling a renewed focus on elevating corporate communications and strategic marketing across Nigeria’s banking sector. The result reflects a deliberate effort to bring together seasoned professionals from…
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GSE Surges as MTN and Cal Bank Lead Ghana’s 2026 Stock Market Rally
Ghana’s Equity Market Opens 2026 on a Strong Note Ghana’s stock market started 2026 with notable gains across key sectors, underscoring renewed investor confidence in the country’s equities. The Ghana Stock Exchange (GSE) Composite Index, the main gauge of market performance, posted solid rises through the opening weeks of January, as investors welcomed positive macro…
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GSE kicks off 2026 with MTN, Cal Bank driving gains across Ghana’s equities
Ghana’s stock market opens 2026 with broad gains Ghana’s stock market began 2026 on a positive footing, delivering gains across key sectors and signaling renewed investor confidence. By January 28, the Ghana Stock Exchange (GSE) Composite Index, the main benchmark for the market, had registered meaningful gains, helped notably by strong performances from telecommunications and…
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Philippines Firms Tap New Tech to Boost Customer Engagement
New Tech Driving a Customer-Centric Shift in the Philippines Philippine companies are increasingly embracing a blend of artificial intelligence, data analytics, and omnichannel messaging to deliver highly personalized customer experiences at scale. As consumer expectations rise and competition intensifies, businesses across sectors—from fast-moving consumer goods to financial services—are investing in technologies that translate data into…
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The alleged fraudster who outsmarted two of Australia’s biggest banks
Background of the Case In October 2021, a man identified as Andrew W Hu emerged in Australian financial circles as a figure accused of elaborate fraud. While the authorities describe him as an alleged fraudster, the case has spotlighted vulnerabilities within the country’s banking system and sparked renewed scrutiny of how sophisticated schemes can traverse…
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Trump vows to sue JPMorgan over debanking row, blasts Jamie Dimon
Trump escalates legal threats against JPMorgan and Jamie Dimon Former President Donald Trump has intensified his critique of JPMorgan Chase & Co. and its chief executive, Jamie Dimon, accusing the bank of debanking him in the wake of the January 6, 2021 Capitol riot. In a social media post and subsequent remarks, Trump said he…
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Nigeria Faces VAT Hurdle: 7.5% on Mobile Bank Transfers and USSD Sparks Outcry
Overview: What Changes With the 7.5% VAT Implementation Starting January 19, 2026, Nigerians are set to pay a 7.5% Value Added Tax (VAT) on a range of banking services, including mobile bank transfers and USSD-based transactions. The government argues that these digital financial services fall under taxable activities, while critics warn of potential double taxation…
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First Atlantic Bank Expands to Liberia: A Step Toward a Global Banking Footprint
First Atlantic Bank Secures Liberia Regulatory Approval First Atlantic Bank PLC (FAB) has secured regulatory clearance to operate in Liberia, marking a pivotal milestone in its ambition to become a truly global bank. The approval signals a major expansion for FAB as it moves to extend its footprint across West Africa and beyond, bringing its…
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UBA closes rights issue: Nigerian bank raises N157bn
UBA closes rights issue with full subscription, raising N157.84 billion The United Bank for Africa (UBA) has officially closed its latest rights issue, successfully raising about 157.84 billion Nigerian naira with a full subscription rate. The result underscores strong investor confidence in the pan-African lender and highlights UBA’s strategic plan to bolster capital and support…