AllAfrica News: Banking and Insurance

[Daba Finance] J.P. Morgan plans to establish a merchant bank in Nigeria, with operations targeted to commence before the end of 2026. The launch remains subject to regulatory approval from the Central Bank of Nigeria. Dapo Olagunji, Managing Director of J.P. Morgan West Africa, announced the plan at the Nigeria-Asia Financial Connectivity Dialogue in Singapore. The Central Bank...

[Daba Finance] Zenith Bank Plc reported a 1.91% increase in profit before tax (PBT) to N637.6 billion for the first half of 2026, following its audited financial statements submission to the Nigerian Exchange (NGX). The bank proposed an interim dividend of N1.50 per share, marking a 20% rise from N1.25 in H1 2025. Shareholders on record by October 23, 2026, will receive the divi...

[Daba Finance] Central Bank of Nigeria Governor Yemi Cardoso has been appointed as the new Chairman of the Africa Finance Corporation (AFC). The appointment was disclosed on Wednesday by AFC President and CEO Samaila Zubairu, on the sidelines of the International Monetary Fund (IMF) meeting in Bangkok, Thailand. Mr. Cardoso succeeds Ireti Samuel-Ogbu, who chaired the AFC Board s...

[New Times] The fire that gutted GOICO Plaza in Musanze, destroying goods estimated at more than Rwf30 billion, has cast a spotlight on a longstanding vulnerability among small businesses: many traders operate with little or no insurance protection against disasters that can wipe out years of investment.

[This Day] Bangkok -- The Africa Finance Corporation (AFC), the continent's leading infrastructure solutions provider, yesterday announced the appointment of the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso as Chairman of its Board of Directors. He succeeds the immediate-past Chair, Ireti Samuel-Ogbu, who served the Corporation meritoriously during her tenu...