Nigeria — Central Bank of Nigeria & United Bank for Africa
11 shared events · Importance 6 · Last updated Jun 04, 2026
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Business
Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria's corporate governance guidelines, which prescribe a maximum 12-year tenure for non-executive directors, are the reason for Tony Elumelu's retirement from United Bank for Africa's board.
United Bank for Africa: United Bank for Africa announced the retirement of its Group Chairman, Tony Elumelu, and the appointment of Emmanuel Nnorom as his successor, ensuring a smooth leadership transition in compliance with regulatory guidelines.
Jul 06, 2026 · 73 articles
Regulatory
Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria is referenced as the authority whose stipulated foreign exchange rates were allegedly violated by the defendants.
United Bank for Africa: United Bank for Africa is facing a four-count charge for alleged foreign exchange infractions, concealment of proceeds of unlawful activities, retention of criminal proceeds, and money laundering, which could negatively impact its reputation and financial standing.
Jun 03, 2026 · 7 articles
Business
Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria's recapitalisation mandate has driven investor interest in tier-1 banks like FirstHoldCo, indirectly supporting the market rally. The policy aims to strengthen the banking sector's capital base.
United Bank for Africa: UBA is a major banking stock on the Nigerian Exchange, but its valuation is far below FirstHoldCo's, highlighting the gap in market capitalisation among Nigerian banks.
Aug 03, 2026 · 7 articles
Domestic
Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria has reshuffled its Deputy Governors to strengthen internal processes, improve coordination, and enhance institutional effectiveness, which is expected to bolster confidence in the financial system.
United Bank for Africa: Philip Chukwuemeka Ikeazor and Emem Nnana Usoro both held senior executive positions at United Bank for Africa, showcasing their prior experience in the financial sector.
Jun 01, 2026 · 8 articles
Business
Nigeria — Central Bank of Nigeria: Granted No Objection approval for the CEO appointment, fulfilling its regulatory role.
United Bank for Africa: Mensah held senior leadership positions at this bank.
Jul 18, 2026 · 6 articles
Business
United Bank for Africa: United Bank for Africa successfully completed a rights issue, raising N158 billion and increasing its capital base to N513 billion, exceeding the Nigeria — Central Bank of Nigeria's minimum requirement for international authorization.
Jan 14, 2026 · 7 articles
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