30 results
- 12 Sept 2022
Heritage Bank Appoints Acting Managing Director and Executive Directors
Heritage Bank Plc has announced the appointment of Akinola George-Taylor as its acting Managing Director. Akinola George-Taylor Following the receipt of the approval of the Board of Directors of…
- 2 Mar 2023
Adaora Umeoji Retires as Zenith Bank Deputy Managing Director
Dr. Adaora Umeoji, Deputy Managing Director of Zenith Bank Plc, has retired from the financial institution following the new tenure limits for banks’ executives released recently by the Central Bank…
- 24 May 2010
CBN Confirms Appointment of Three Bank CEOs
The Central Bank of Nigeria (CBN) has confirmed as substantive managing directors the managing director-designates of three banks. They are Mr. Godwin I. Emefiele, for Zenith Bank PLC, Mr. Phillips…
- 3 Aug 2022
Wema Bank Refutes Purported Forgery of Cheque and Inappropriate Arrest warrant on Managing Director
The management of Wema Bank Plc has rebutted the trending news in the media to the effect that a Magistrate’s Court in the Federal Capital Territory (FCT), Abuja, had issued a warrant for the arrest…
- 14 Jul 2021
Miriam Olusanya Replaces Segun Agbaje As Managing Director of GTBank
Guaranty Trust Bank (GTBank) has announced the appointment of Miriam Olusanya as new managing director. Miriam Olusanya, new Managing director of GTBanm This was disclosed in a notice signed by the…
- 11 Sept 2024
UBA Appoints Nweke, Deputy Managing Director
United Bank for Africa (UBA) has named Chukwuma Nweke as its deputy managing director. Nweke’s appointment that previously held roles of chief operating officer and executive director, retail &…
- 6 Jan 2021
FCMB Appoints Yemisi Edun as Acting Managing Director
First City Monument Bank has appointed an acting Managing Director, Yemisi Edun. Edun was asked to step into the shoes of the Managing Director, Adam Nuhu, on acting capacity, who volunteered to go…
- 18 Dec 2018
Diamond Bank’s Managers to Lose Jobs over Access Bank Acquisition
Diamond Bank Plc’s acquisition by Access Bank will come at a heavy cost to the Diamond Bank management team, especially on job security. The management team is likely to be disbanded. …
- 8 Oct 2018
Ex Skye Bank Directors Panic as FG Mulls Punishment for Banking Collapse
Former directors of the defunct Skye Bank Plc are reportedly seeking for soft-landing, following a directive by federal government last week that the former bankers would be used as scapegoat to stop…
- 13 Jul 2021
FCMB Appoints Yemisi Edun as Managing Director
The board of directors of FCMB Group Plc has appointed Yemisi Edun as the managing director of First City Monument Bank Limited. A statement on Tuesday said the announcement was subsequent to the end…
- 30 Jun 2021
Asset Declaration: EFCC Targets Banks’ Chiefs after June 30 Final Deadline
Economic and Financial Crimes Commission (EFCC), is set to commence investigations of managing directors, deputy managing directors and executive directors of banks in Nigeria. This follows the…
- 29 Apr 2021
CBN Fires all First Bank Directors, Reinstates Sacked MD
Central Bank of Nigeria (CBN), has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect. The CBN also accused the directors of corporate governance breach,…
- 18 Sept 2024
CBN Appoints New Board of Directors for Keystone Bank
Central Bank of Nigeria has reconstituted the board of directors of Keystone Bank. The move announced on Wednesday, is part of the apex bank’s strategy to ensure sustained growth for the financial…
- 19 Jul 2018
Ecobank Nigeria Gets New Managing Director
Ecobank Nigeria has announced the appointment of Mr Patrick Akinwuntan as the Managing Director designate of the bank. The bank in a statement, said through its Corporate Affairs Department in Lagos,…
- 31 Oct 2023
Polaris Bank Reportedly Loses N26Bn Loans to 6 Ex-Directors without Collaterals
Polaris Bank has lost N26.005 billion worth of loans granted to 6 ex-directors, mostly without collaterals. Economy Post found from the bank’s 2022 annual report that 5 out of the six ex-directors…
- 19 Jan 2024
Coronation Merchant Bank Strengthens Management Team with New Appointments
Coronation Merchant Bank Limited has announced the appointment of three key experienced professionals to its executive management team. A statement from the Bank explained that the new appointees are…
- 15 Mar 2010
Aku Becomes Ecobank Managing Director
The Board of Directors of Ecobank Nigeria Plc has announced the appointment of Mr. Jibril J. Aku as the new managing director of Ecobank Nigeria. Prior to this appointment, Aku was the executive…
- 17 Nov 2021
RIMAN Urges Banks to Embrace Best Risk Management Practices
Risk Management Association of Nigeria (RIMAN) has charged financial services providers, especially banks, to embrace best risk management practices in their operations as new technologies and…
- 18 Feb 2025
CBN Orders Bank Directors with Insider Bad Loans to Resign
Central Bank of Nigeria (CBN) has ordered bank directors with non-performing insider-related loans to step down immediately, as part of efforts to strengthen corporate governance and enhance risk…
- 20 Dec 2018
CWG Plc Announces Changes to the Board of Directors, Management Position
CWG Plc has notified its investing shareholders and the general public of the following changes to its Board of Directors and subsequently Management change. Mr. James Agada, Managing Director /Chief…
- 18 Oct 2019
Fidelity Bank Bars Directors, Others from Selling Shares
Directors, managers and other high-ranking members of staff of Fidelity Bank Plc as well as their related persons have been asked to stop the trading of the company’s equities on the floor of the…
- 28 Jun 2018
CBN Mandates Banks’ Directors to Protect Data
Bank directors will henceforth be responsible for the protection and security of customers’ data against e-fraudsters, the Central Bank of Nigeria (CBN) has directed. The new rule followed the…
- 10 Aug 2010
New UBA, Zenith, Skye Bank MDs Assume Duty
Three bank managing directors - Jim Ovia (Zenith), Tony Elumelu (United Bank for Africa, UBA), and Akinsola Akinfemiwa (Skye) have taken their bow and left the stage in line with the directive of the…
- 17 Jul 2020
NDIC Seeks Stiff Penalties for Directors of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) has proposed stiff penalties for negligent directors of failed banks, toserve as a deterrent to officers and directors of banks, and ensure that the…
- 18 Jul 2014
Uche Nworah Becomes ABS New Managing Director
Uche Nworah, new managing director and chief executive officer, Anambra Broadcasting Service (ABS) has assumed duty. Nworah joined the Anambra Broadcasting Service from Globacom (Nigeria’s 2nd…
- 19 Dec 2016
FBN Capital Bags Investment Banking & Asset Management Awards
FBN Capital Limited, the Investment Banking and Asset Management business of FBN Holdings Plc, has again received the prestigious ‘Best Local Investment Bank in Nigeria’ and ‘Best Asset Manager in…
- 6 Dec 2021
Ecobank Appoints Lawal Managing Director of Nigeria Subsidiary
The Ecobank Group has announced the appointment of Jubril Mobolaji Lawal as its Regional Executive and Managing Director designate of Ecobank Nigeria. The appointment was announced ahead of the…
- 26 Apr 2018
CBN to Punish Banks, Directors for Money Laundering Offences
Central Bank of Nigeria (CBN) has reeled out new regime of sanctions which includes punishments for banks, their directors as well as huge fines against financial institutions found culpable of any…
- 7 Aug 2022
Nova Merchant Bank Appoints New Directors, Promotes 20 Per Cent Workforce
NOVA Merchant Bank has announced the appointment of two independent non-executive directors and one non-executive director. This is just as it promoted about 20% of its workforce to various grade…
- 4 Jul 2016
Skye Bank CEO, Top Management Resign to Avoid CBN Hammer
Mr. Timothy Oguntayo, group managing director/CEO of Skye Bank Plc and top management staff of the bank have allegedly resigned enmasse to avoid sack by the Central Bank of Nigeria over the alleged…