Business News
JUST IN: UBA announces Elumelu’s exit, names Emmanuel Nnorom new chairman
Tony Elumelu will step down as Group Chairman of United Bank for Africa (UBA) Plc on August 21, 2026, after reaching the Central Bank of Nigeria’s (CBN) 12-year tenure limit for non-executive directors.
The UBA Board has approved the appointment of Emmanuel Nnorom, currently a non-executive director, as the incoming Group Chairman.
His appointment will take effect on the same date, paving the way for a smooth leadership transition.
Elumelu’s exit marks the end of a significant chapter in the bank’s history. Since becoming Group Chairman in 2014, he has overseen UBA’s expansion across Africa, strengthened its corporate governance framework, and driven strategic growth.
Under his leadership, the bank expanded its presence to 20 African countries while also growing its operations in major global financial centres, further cementing UBA’s position as one of Africa’s leading financial institutions.
In his farewell remarks, Elumelu described leading the bank as one of the greatest privileges of his career and expressed confidence that UBA would continue its growth trajectory under the new leadership.
The transition comes as UBA positions itself for its next phase of expansion while maintaining continuity in its long-term strategy and commitment to delivering value to shareholders and customers.
Follow Us on Google Discover
2027: Wike threatens to block Amaechi’s campaign in Rivers over insults on Tinubu
Subsidy: ‘You see why it is good to go to school’ — Atiku taunts Tinubu over fuel policy
INEC to publish final list of governorship, assembly candidates Saturday
2027: Tinubu to launch re-election campaign in Kaduna October 24
Atiku’s address at ADC 2027 Presidential Campaign Council inauguration (Full Text)
Bloody thieves, lunatics’ like Amaechi won’t get to Nigeria’s Presidency — Wike
PDP accuses Ogun APC of plot to disrupt PVC collection exercise, calls for tight security
Kogi Councillor Rosemary Aduku dies after days in kidnappers den
Wike orders immediate demolition of illegal beer parlours in Abuja’s Asokoro axis
Kano Assembly begins review of state police bill, sets October 12 for second reading
Ekiti driver takes N3.5m Loan to campaign for Tinubu, Bamidele, Fatoba’s re-election
FCT strike: Wike orders ‘no work, no pay’ for NLC, NUT members
Gunmen kill security operative, steal motorcycle in Plateau
Gunmen abduct three CRIN workers in Oyo, demand N120m ransom
SERAP’s appeal against N100m defamation judgment stalls, adjourned again
Flour Mills of Nigeria announces Engineering Programme for young Nigerians – Apply Now
BREAKING: Tinubu’s Govt announces 30-Day petrol discount at filling stations for Nigerians
2027: Peter Obi will win with or without Igbos’ vote — Isaac Fayose
Federal University Gusau (FUGUS) announces recruitment for Pharmacists, Nurses, Engineers, Accountants, others -Apply Now
Supreme Court Verdict: Erring parties will not field candidates – INEC
Fresh tragedy averted as NAF Helicopter lands on farmland in Benue
2027: Taraba is 100% behind Tinubu — Governor Kefas
NAF Crash: Aiyedatiwa orders sustained search for missing victims, aircraft
Atiku rejects FG’s 30-Day petrol discount, questions what Nigerians will do in Day 31
Gunmen abduct three CRIN workers in Oyo, demand N120m ransom
ASUSS defies NUT strike, orders FCT teachers to resume work
FG appeals to scrap dealers to suspend strike, resume negotiations
20 abducted NYSC members reunite with families in Ibadan after seven days in captivity
Lakurawa terrorists kill two soldiers, Chinese national in Kebbi
