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GTBank Appoints Mr. Hezekiah Oyinlola As Non – Executive Director

Guaranty Trust Bank plc has announced the appointment of Mr. Hezekiah SolaOyinlola as a Non- Executive Director.  Mr. Oyinlolareplaces Mrs. Stella Okoli on the Bank’s Board of Directors following her recent retirement in compliance with the Bank’s code of corporate governance which stipulates a retirement age of 70 years for Directors of the Bank. Mr. Oyinlola is a seasoned professional with over thirty years of experience in the Oil and Gas industry, having ... Read More »

Osunkeye out, Onuzo in at GlaxoSmithKline

GlaxoSmithKline Nigeria Plc has announced the resignation and retirement of Chief Olusegun Osunkeye as Chairman from the Board of the Company and thanked him for his immense contributions throughout his stay. In a letter to notify the Nigeria Stock Exchange of this development following a Board Meeting, it also revealed that it has accepted the resignation from the Board of Engr. ... Read More »

COWRY ASSET BOSS LAUDS EMEFIELE

The  Managing Director /CEO of Cowry Asset Management Limited and member of the Nigerian Stock Exchange, Johnson Chukwu, has commended the new Central Bank Governor,  Mr.Godwin Emefiele’s   decision to focus on the real sector of the economy by driving down interest rates, saying it’s in tandem with the clamour of most Nigerians for affordable bank lending rates. Speaking on his ... Read More »

TONY ELUMELU OPENS THE FIRST-EVER AFRICAPITALISM INSTITUTE

The Visioneer and strong Advocate of the unique concept of Africapitalism, Tony Elumelu has put his money where his mouth is by taking the bold step of establishing a first-of-its kind Africapitalism Institute. Elumelu, who is the chairman of Heirs Holdings and founder of The Tony Elumelu Foundation, announced the launch of the Institute at the just-concluded World Economic Forum ... Read More »

CBN HAMMERS HUGE BANK DEBTORS

If you owed any of the closed banks up to N250m, the CBN has announced that you would not be able to access any new facility going forward. The clarification of the CBN’s position was made by the Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Mr. Umaru Ibrahim in Lagos of the 2014 Bank Examiners’ Conference. He revealed that ... Read More »

PASCAL DOZIE POSITIONS SON AS NEXT MD OF DIAMOND BANK

It is still a few years away but all is now in place for Pascal Dozie to enthrone his son at the helm of affairs of Diamond Bank. Just last week, The Board of Directors of Diamond Bank Plc made a very key announcement which insiders have revealed is a very carefully written and orchestrated  script that will eventually propel ... Read More »

PHILLIPS ODUOZA ANNOUNCES BREAK UP OF UBA PLC

The United Bank for Africa (UBA) Plc has announced a new operational structure, which will see it deepen its operations in Nigeria and its African subsidiaries. The new structure, according to the Group Managing Director, Phillips Oduoza entails the splitting of its operations into two broad divisions – UBA Nigeria and UBA Africa – and the appointment of CEOs and ... Read More »

JOHANNESBURG STOCK EXCHANGE CHANGES BRAND IDENTITY

The Johannesburg Stock Exchange is transforming, and to show its serious regarding the  new direction of its operations, it launched a new logo yesterday. JSE statement revealed that its new brand demonstrates the bourse’s identity as a modern African marketplace that connects investors to growth opportunities globally. The JSE’s logo and colour palette moves to a bold black, white and ... Read More »

SAYYU DANTATA’S M.R.S MAKES N87.8 BILLION IN REVENUE

M.R.S Nigeria Plc, which has polo lover, Alhaji Sayyu Dantata at the helm of affairs made some growth in its revenue totalling N87.8billion. In deed its year ending December 2013 results reported a year on year growth of 10 per cent with a significant its Profit After Tax stood at N34 million. MRS is proposing to pay it shareholders N0.749k ... Read More »

DHL announces new heads for key Africa regions

DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL has promoted two African Country Heads to take regional roles in a continent poised for renewed growth. Former Managing dDrector, South Africa, Lubabalo ‘Twine’ Mtya becomes the new CEO for the Southern Africa region while Pramod Bagalwadi, currently Country Manager DHL Global Forwarding Ghana, has been named Eastern ... Read More »