Warren Buffett Steps Down as Berkshire Chairman

Warren Buffett Steps Down as Berkshire Chairman

Warren Buffett has stepped down as chairman of Berkshire Hathaway, bringing an orderly end to a six-decade tenure that reshaped corporate capitalism. The 96-year-old investor now assumes the title of chairman emeritus with immediate effect. His 71-year-old son, Howard Buffett, takes the chair, while chief executive Greg Abel retains operational control and authority over capital…

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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, NITDA Insist on 2027 Payment Data Deadline

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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