Finance

West Africa: First Bank acquires Switzerland’s ICB’s assets

Nigeria’s biggest lender by total assets, First Bank has completed the acquisition of the West African operations of Switzerland’s International Commercial Bank Financial Group...

German firm awarded tender for Nigerian biometrics scheme

The Central bank of Nigeria has awarded the contract for the capturing of bank customers’ biometric data to a German based company, Deralos. The biometrics...

West Africa: AfDB invests US$ 20 million in ARM-Harith Infrastructure Fund

The lack of efficient infrastructure is a major obstacle to doing business in West Africa. Better infrastructure in the region would create an enabling...

Insurers and Asset Managers tap new source of growth and profits in Africa

LeapFrog Investments, the emerging markets fund manager, has announced the initial raise of US$204 million for its second fund. The fund will invest in companies in Africa, South...

WEMA Bank appoints its first female Director

Wema Bank Plc yesterday announced the appointment of Ms. Augustina Quarshie as a member of its board of directors. 'Quarshie, according to Wema Bank becomes...

Second quarter profit surge for Zenith Bank

Nigeria’s top leading financial services company, Zenith Bank, has announced its profits for the second quarter of the year. The second-biggest lender in Nigeria, by...