By: Tunji Okunlola United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony O. Elumelu, will retire from the Board of Directors on August 21, 2026, after completing the maximum 12-year tenure for non-executive directors prescribed by the Central Bank of Nigeria (CBN). The bank also announced the appointment of Emmanuel N….
By: Tunji Okunlola Citigroup has appointed Chuka Umunna, the former British politician and JPMorgan Chase banker, as a managing director in its UK investment banking division, the latest senior hire as Wall Street firms position themselves for a rebound in dealmaking activity. A Citi spokesperson confirmed the appointment, with an internal memo indicating Umunna will…
By: Tunji Okunlola Zenith Bank Plc has announced a change at the top, with engineer Mustafa Bello taking over as Group Chairman following the retirement of the bank’s founder, Jim Ovia. Ovia’s departure comes after he reached the maximum tenure permitted under the Central Bank of Nigeria’s corporate governance guidelines for commercial banks, twelve years…
By: Bimbola Hassan MTN Nigeria shareholders have approved a major restructuring that will see the company divest a controlling stake in its fintech subsidiaries, marking a significant shift in Nigeria’s telecoms and digital finance landscape. At a meeting held on April 30, 2026, investors endorsed the move through a formal resolution backing a “structural separation”…
