financial services News
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- Capitec Challenges Traditional Elite Banks With Strategic Expansion Into South Africa’s High Earner Segment
Published: Apr 29, 2026
Section: Africa
Capitec has reported a 21% increase in high income clients as it pivots toward the premium market to sustain its aggressive growth. Following its 2026 annual results, the bank is l...
- NGX Market Capitalization Hits N145.3 Trillion as Investors Secure N5.5 Trillion Weekly Gain
Published: Apr 25, 2026
Section: Africa
The Nigerian equities market maintained a bullish trajectory throughout the week ending April 25, 2026, with the All-Share Index appreciating by nearly 4%. Financial services domin...
- Beyond $1.5 Trillion: Private Capital Reshapes Life Insurance Through Integrated Flywheel Models and Strategic Convergence
Published: Apr 24, 2026
Section: Mergers & Acquisitions
The convergence of private capital and the life insurance industry has reached a massive scale, with assets hitting $1.5 trillion in 2025 following a decade of 20% annual growth. W...
- Zedcrest Group Names Simbiat Bada As Managing Director Of Stockbroking Arm Following Strategic Market Expansion
Published: Apr 16, 2026
Section: Africa
Zedcrest Group has announced the appointment of Simbiat Bada as the Managing Director of its stockbroking division, pending approval from the Securities and Exchange Commission. Th...
- United Bank for Africa Inducts Over 700 Graduates to Strengthen Financial Talent Pipeline Across Africa
Published: Apr 13, 2026
Section: Africa
United Bank for Africa Plc has expanded its workforce by employing more than 700 young professionals through its Graduate Management Acceleration Programme. The latest induction of...
- Kremlin Blocks ING Bank Exit as Russia Tightens Grip on Western Financial Channels
Published: Apr 8, 2026
Section: Banking & Finance
The Dutch banking giant ING has announced the collapse of its agreement to sell its Russian operations after the Kremlin refused to grant regulatory approval for the transaction. T...
- Nigerian Equities Market Capitalization Recovers with 837 Billion Naira Gain Amid Shortened Trading Week
Published: Apr 4, 2026
Section: Africa
The Nigerian Exchange Group saw a significant recovery this week as market capitalization surged to 129.8 trillion naira following a period of volatility. Despite a public holiday...
- Pepkor Holdings Appoints Merwe Scholtz to Lead Strategic Launch of Independent South African Digital Bank by 2027
Published: Apr 2, 2026
Section: Banking & Finance
Pepkor Holdings Ltd., Africa’s largest clothing and mobile retailer, has officially announced its entry into the South African banking sector, targeting a 2027 launch. Led by newly...
- Carlyle Group to Acquire Majority Stake in MAI Capital Management in Landmark $2.8 Billion Wealth Management Deal
Published: Apr 2, 2026
Section: Banking & Finance
Global investment firm Carlyle Group has reached an agreement to purchase a majority stake in Cleveland-based MAI Capital Management, valuing the firm at over $2.8 billion. The acq...
- Cornerstone Insurance Named 2025 Industry Leader Following Major Digital Expansion and Service Excellence Awards
Published: Mar 27, 2026
Section: Africa
Cornerstone Insurance Plc has secured the prestigious Insurance Company of the Year title for 2025 at the Champion Newspapers annual awards in Lagos. The recognition highlights the...
- Nigerian Equities Market Surges with N1.76 Trillion Gain as Investors Consolidate Bullish Recovery Despite Shortened Trading Week
Published: Mar 21, 2026
Section: Africa
The Nigerian Exchange Group witnessed a significant appreciation in market capitalization to N129.1 trillion during a three-day trading week shortened by Eid-el-Fitr holidays. Desp...
- Odu’a Investment Secures 10 Percent Stake in FCMB Pensions to Bolster Regional Financial Services Presence
Published: Mar 18, 2026
Section: Africa
Odu’a Investment Company Limited has finalized the acquisition of a minority equity stake in FCMB Pensions Limited following regulatory clearance from Nigerian financial authoritie...