Tony Elumelu is stepping down as UBA Chairman, and Emmanuel Nnorom has been appointed to succeed him, driven by CBN regulations on director tenure.

The entities involved

• United Bank for Africa →

  pan-African financial group

  Nothing else this week.

• Nigeria →

  sovereign state in West Africa

  • Nigeria's Federal Capital Territory Administration is tightening security measures in the nation's capital, Abuja.Mon 17:52
  • Program coverage includes the capital territory of Abuja.Mon 17:52
• Central Bank of Nigeria →

  central bank

  • The Central Bank of Nigeria (CBN) is currently managing Nigeria's foreign reserves.Mon 07:32
  • The Central Bank of Nigeria manages the financial system in Nigeria, with Olayemi Cardoso leading the management team.Mon 00:38

Related events

• A company led by Tony Elumelu is establishing its base in Nigeria and expanding across the African continent, driving UBA's financial growth.Aug 26
• Insider dealing allegations are being petitioned to the Economic and Financial Crimes Commission and the Central Bank of Nigeria, involving interest rate proxies and share acquisitions.Fri 17:08
• Nasir Ahmad el-Rufai's tenure led to the end of NITEL's monopoly in Nigeria.Sep 14
• The Nigeria Democratic Congress (NDC) is a leading opposition party in Nigeria and is currently open to discussions with Atiku Abubakar.Jun 29
• President Tinubu addressed national leadership and governance issues while the EFCC continues its anti-graft operations in Nigeria.Jul 25