The Central Bank of Nigeria, in the early hours of Thursday, appointed Hassan Imam as the new Chief Executive Officer and Managing Director of Keystone Bank, the PUNCH reports. Imam takes over leadership of the commercial bank from Olaniran Olayinka, who served as CEO from March 2020 until the CBN dissolved the boards of Keystone…
The Central Bank of Nigeria (CBN) has appointed new leaders for three Nigerian banks whose boards and managements were dissolved on Wednesday. In a statement late Wednesday, Hakama Sidi Alli, the acting director of corporate communications at the CBN, named Yetunde Oni as the new managing director/chief executive officer of Union Bank and Mannir Ubale…
United Bank for Africa (UBA) Plc, has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on Monday, the bank’s market capitalisation crossed N1.02 trillion, making it the third most capitalised financial…
The Nigerian National Petroleum Company Limited, on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977 and the largest asset holder within the Nigerian oil and gas industry. It is currently…
. Union Bank, Titan Trust Bank, Polaris, Keystone Bank affected . President hands over report to CBN as Cardoso sacks banks’ managements, dissolves Boards . New managements, Boards, and names of the two new emerging banks already being considered President Bola Tinubu on Wednesday began the implementation of the reports of the Jim Obazee-led Special…
The Acting Director of the Corporate Communications Department at the CBN, Mrs. Hakama Sidi Ali, disclosed this in Abuja at the weekend. Ali said this initiative is part of the CBN’s efforts to decrease its remaining liability to the airlines. Mrs. Ali further disclosed that, in the past three months, the CBN has also redeemed…
… Opens up curated selfie booths for an immersive photo experience Ecobank Nigeria’s flagship media outfit, EPAC Studios is collaborating with highly rated Nigerian photographers to explore contemporary photography scenes. The immersive photo experience which takes place at the Ecobank Pan African Centre (EPAC) on Ozumba Mbadiwe Avenue in Victoria Island, January through February is…
A report comparing the prices of gasoline (petrol) in various countries has ranked Nigeria as 22nd on the list of countries with the least expensive petrol prices. The report titled “Gasoline Prices, Octane-95” dated early in the month revealed that the average price of petrol around the world is 1.30 U.S. Dollars per litre. Nigeria’s…
Union Bank of Nigeria, has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises in the country to boost the growth and profitability of the sector.This assertion was made at the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference recently hosted by Business Day newspaper. The event, ‘Accelerating growth for…
