Nnorom Takes UBA Chairmanship as Elumelu Steps Down

Nnorom Takes Over UBA Chairmanship as Elumelu Steps Down

United Bank for Africa has named Emmanuel Nnorom as its incoming group chairman to succeed Tony Elumelu, who will retire from the board on August 21, 2026. The Tier-1 financial institution announced the leadership transition following a board meeting in Lagos. Elumelu leaves the post after completing the maximum twelve-year tenure permitted for non-executive directors…

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CBN Pulls the Brake: What the 23% Interest Rate Means for Nigerians

Investors Face Shifting Terrain Under New HoldCo Rules

The Central Bank of Nigeria has issued strict new rules governing financial holding companies. The revised regulatory exposure draft aims to aggressively ring-fence core banking assets from speculative corporate ventures. This structural intervention will force Tier-1 banking groups to raise an estimated N326 billion in fresh capital buffers. Institutional investors must now urgently re-evaluate their…

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