Sterling Bank is going the way of GTBank. The sixty-year-old bank is planning a restructuring and has already secured regulatory approval to operate as a holding company.
Jumia says it has found a new rhythm and market changes that will accelerate e-commerce growth in Nigeria. During this pandemic online retail has not pulled off the sort of transformative growth investors and others have expected in Nigeria. In July, ahead of Jumia’s Q2 2020 financial report, investor interest in the company piqued. Its […]
Over the last ten years, the Chinese government has made bold moves to internationalise the yuan. After replacing Japan as the world’s second-largest economy, China sought to challenge the US dollar dominance of international transactions.
Guaranty Trust Bank (GTBank), one of Nigeria’s most profitable banks, is moving quickly with its restructuring plans. In March, the bank told investors it would restructure into a holding company which would allow it to offer more financial services beyond pure banking.
Transsion Holdings raked in revenue of 13.9 billion yuan ($2.02 billion) for the first six months of 2020, a 31.81% growth over H1 2019.
On August 25, Bank Security, a Twitter handle focused on bank security threats, reported that the database of Unity Bank, a Nigerian commercial bank, was being shared online on hacker forums.