Search results for "Standard Bank of South Africa"

Standard Bank Steps Up Digital Banking Innovations

Standard Bank said it is on a committed journey of rapid digitization across the continent, offering its customers more convenient ways to interact with their personal banking services. The latest…

Standard Bank Predicts Increased M&A Activity in African Telecom, Media

Standard Bank, Africa’s largest bank by assets, is partnering with international news and events provider TMT Finance for the inaugural TMT Finance Africa in Lagos 2016 Conference, which is bringing…

Why E-commerce is Thriving in South Africa

South Africa’s ecommerce sector is expected to exceed USD21 billion by 2025, with more than one billion transactions per year. This is largely due to the proliferation of smart devices and the…

AfDB, Standard Bank Unite to Support SMMEs and Boost Trade

The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade…

Richer Banks, Poorer Economy: The Hidden Crisis in Nigeria’s Financial System

By Blaise Udunze Across Africa, banks are getting bigger but not necessarily better. From South Africa’s Standard Bank to Morocco’s Attijariwafa and Egypt’s National Bank, financial institutions are…

Standard Chartered Contributes $10.7Bn to the Economy

Standard Chartered has officially launched a report titled “Banking on Africa - Standard Chartered’s Social and Economic Impact'' in which it highlighted a number of ways the bank could deepen its…

South Africa Offers GMB Seized Nigerian $15m

South Africa has indicated her willingness to return the more than $15 million seized from some Nigerians last year in a move designed to please the country's new president. This is contrary to…

Standard Bank Plans Expansion in Nigeria, Angola Businesses

Standard Bank is looking to boost its stakes in businesses in Angola and Nigeria, the bank’s CEO Sim Tshabalala said over the weekend.   “In Nigeria we are again wanting to increase our…

Temenos Digital Leaders Summit Series Explores the Next Evolution of Banking in Africa

Changing consumer expectations, technological advancements, and regulatory reforms have seen digital transformation become an integral part of the modern banking industry. Global banking software…

MTN Nigeria $10B Feud Can Risk South Africa System - SARB

MTN Group’s fights with Nigerian authorities over $10 billion in repatriated funds and back taxes could increase risk in South Africa’s financial system depending on the outcome, the Reserve Bank…

Nigeria, South Africa Others to Drive MVNO Market in Africa - Report

Standard Bank Targets $15.4b SME Growth in Nigeria, Others with Trade Expansion Drive

Standard Bank Group has identified Nigeria and four other markets as strategic growth hubs as it seeks to tap into $15.4 billion revenue opportunity driven by expanding small and medium-sized…

Mukuru Offers Mobile Phone-Based Debit Card in South Africa

Mukuru.com, global money transfer service operator has announced the launch of a mobile phone-based debit card in South Africa, Techzim reported. It is optimised for existing Mukuru services in…

Most Nigerians Have no Access to Banks-Report

Sap Community Network and Standard Bank of South Africa (SBSA) have released a survey which showed that Nigeria has one of the largest numbers of people that have no access to traditional financial…

Mobile Payment: Potential and reality for Nigeria

The ability to pay for goods and services without having to carry cash or cards has universal appeal. In Africa it is being driven by the need to reduce the risk of theft.  The mobile is ideal…

One SA Bank Equals Nigeria’s Entire Banking Sector - Why Recapitalisation Is Critical for Global Competitiveness

By Blaise Udunze Nigeria has always prided itself as Africa’s largest economy and most populous nation. Currently, its banking sector is confronting a moment of truth that should send shockwaves.…

Absa, South African Top Bank to Open Shop in Nigeria

Absa, South African lender is aiming to make a start on its investment bank-focused expansion into Nigeria in the second half of this year, according to Charles Russon, chief executive of the…

UBA, 12 Nigerian Banks Make Top 1000 World Ranking

Nigerian-Banks for the second consecutive year, 13 Nigerian banks made the list of Top 1000 World Banks as published by The Banker magazine of the Financial Times Group in its 2014 edition. The…

FG Seeks Goldman, Stanbic Assistance on Sale of "Diaspora Bond"

The federal government has asked Goldman Sachs and the local unit of South Africa's Standard Bank to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic IBTC…

UBA’s Brand Value Rises in Global Ranking

United Bank for Africa, the Pan-African banking group, received further endorsement of its strong brand strength, rising 161 places to 285th in the latest ranking of the Top 500 Banking Brands by the…

AFC Closes US$250m Syndicated Term Loan Facility

The Africa Finance Corporation (AFC) has signed a US$ 250 million syndicated term loan facility, marking its debut in the international syndicated loan market. The facility, which was oversubscribed,…

SARB Fears FG’s $10Bn Demand from MTN can Shake S. Africa’s Economy

MTN Group Ltd.’s fights with Nigerian authorities over $10 billion in repatriated funds and back taxes could increase risk in South Africa’s financial system depending on the outcome, Central Bank of…

Ecobank, Nedbank Alliance Build True Pan-African Champion - Arnold Ekpe

Arnold Ekpe, chief executive officer of Ecobank has said that the bank’s ground breaking alliance with Nedbank of South Africa is designed to build a true pan- African brand. Mr. Ekpe who was…

SWFI Says MTN Tax Issue is “Serious”

The turmoil surrounding MTN’s potentially improper repatriation of US$ 8.1 billion, and an additional US$ 2 billion in additional taxes it was ordered to pay is a serious issue, according to…

Afreximbank Raises $1.5b in Largest-ever Bond Issuance

African Export-Import Bank (Afreximbank) has successfully priced a $1.5 billion dual-tranche Reg S/144 senior unsecured benchmark Eurobond, marking its first dollar public bond issuance since July…

Afreximbank Tops Africa Capital Markets League Table

The African Export-Import Bank (Afreximbank) has emerged on top of the Bloomberg 2019 Africa Capital markets league tables as the leading Bookrunner in Africa.   The 2019 Africa Capital Markets…

How Nigerian Banks Built a N219 Trillion Asset Empire on Depositors’ Funds

By Blaise Udunze In the first quarter of 2025, Nigeria’s 10 largest banks proudly reported a combined total asset base of N218.99 trillion, up from N212.75 trillion at the end of 2024, according to a…

Core Group, Stanbic IBTC Offer Nigerians 0% Interest iPad Deal

Core Group Africa, Apple's official distributor for Nigeria has signed a major partnership deal with Stanbic ITBC Bank, which offers Nigerians the opportunity to pay for an iPad, interest free over…

Elumelu, UBA Chair Showers Praises On UBA Outgoing CEO/GMD

Tony Elumelu, chairman, United Bank for Africa Plc (UBA) has expressed delight with the performances of the outgoing group managing director and Chief executive officer, of the Bank, Phillips Oduoza.…

UBA Adopts IFRS, BASEL 2, Global Standards in Governance, Financial Reporting, Risk Management

The United Bank for Africa has announced further changes to its financial reporting, governance, risk and control architecture in line with its standard setting history and ongoing commitment to…