Category: Business

By: Ganiyu Olayinka Telecom giant MTN is weighing applications for banking licences in select markets as it looks to move beyond partnership-based lending and begin extending credit directly from its own balance sheet. Speaking to journalists in Johannesburg on Tuesday, MTN Chief Executive Ralph Mupita said the group is accelerating its shift into fintech as…

By: Ganiyu Olayinka Zenith Bank Plc has been crowned Africa’s Best Bank and Nigeria’s Best Bank at the 2026 Euromoney Awards for Excellence, cementing its reputation as one of the continent’s most profitable and influential lenders. This marks the second year running that the bank has held on to the Nigeria’s Best Bank title, a…

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…