Nigerian Bank, Polaris, has recorded a profit (before tax) of N28.9 billion for the financial year ending in December 2020, according to its financial report. This is a growth of about ...
American multinational bank, Wells Fargo, has disclosed plans to invest in Black-owned banks known as Minority Depository Institutions. This is a part of its pledge last year to invest about $50 milli...
Regardless of the ongoing evolution and digitalization of the Nigerian economy, traditional banks, especially commercial banks, churn in the most profits among all sectors of the Nigerian economy.In t...
This week was a good one for Access Bank as it dethrones Zenith Bank from the position of the biggest bank in Nigeria by asset. Zenith, which has occupied the throne for 37 weeks, since February, disc...
Access Bank, Nigeria's biggest lender, has paid the sum of almost $60 million to acquire a stake in Grobank, a South African Bank. Herbert Wigwe, Access Bank's CEO, said on Tuesday that this move...
Nigerian Banks continued their winning streak on the stock market this week, as 7 banks on the NSE gained while only 2 recorded losses. Unfortunately, Access and Sterling were not on the list of ...
Wells Fargo & Co has invested in six Black-owned banks as part of its $50 million pledge program to support minority-focused lenders. The banking giant will assign specific teams to provide the le...
Texas is one of the biggest states in the US. As of 2019, it has 29 million residents with only 500 banks.You know what this means, right? There are more customers than banks. In Economics, it is the ...
To show its support for racial equity and economic equality, Bank of America announced an investment fund worth $300 million as part of its $1 billion pledge to support black and brown-led banks and b...
In October 2019, two renowned black-owned investment banks merged their firms to become a large financial firm that will lead the minority- and women-owned investment banking sector to match other maj...