Tag: MD/CEO
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BREAKING: Tinubu appoints Dekalu-Thomas as new NELMCO MD/CEO
President Bola Tinubu has approved the appointment of Mrs. Mojoyinoluwa Dekalu-Thomas as the new Managing Director and Chief Executive Officer of the Nigeria Electricity Liability Management Company (NELMCO) for a term of four years. Mrs. Mojoyinoluwa Dekalu-Thomas has served as the Acting MD/CEO of NELMCO since
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FCMB appoints new MD/CEO as Adam Nuhu retires
The Board of Directors of FCMB Group Plc have announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited. This announcement is subsequent to the end of service of the bank’s former Managing Director, Adam Nuru. The Board had earlier reviewed media allegations made in late 2020 against…
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Fidelity Bank clears air on alleged probe of immediate past MD/CEO, Nnamdi Okonkwo
The management of Fidelity Bank Plc has denied information making the rounds in some sections of the online media (TheNewsGuru, TNG not included) that it’s board has approved the probe of the bank’s immediate past Managing Director/Chief Executive Officer, Nnamdi Okonkwo. The bank in a statement on Tuesday by its Brand and Communications Manager, Ejike…
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First Bank reinstates ‘ousted’ CEO after CBN’s intervention
First Bank of Nigeria Limited (FBN) on Friday confirmed that Dr Adesola Adeduntan had resumed as the Chief Executive Officer in line with the directives of the Central Bank of Nigeria (CBN). TheNewsGuru.com, TNG reports that First Bank has been in the news since Wednesday after its purported removal of Dr. Adeduntan and subsequent appointment…
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Airtel Africa appoints Segun Ogunsanya as MD/CEO
Airtel Africa has appointed Segun Ogunsanya as its Managing Director/Chief Executive Officer (CEO). TheNewsGuru.com, TNG reports that the development follows the retirement of Raghunath Mandava as the company’s MD and CEO. TNG reports that Ogunsanya is currently the MD/CEO of Airtel Nigeria. “Segun has more than 25 years business management experience in banking, consumer goods,…
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First Bank risks sanctions over ‘unjust’ removal, appointment of new MD/CEO without ‘CBN approval’
The board of First Bank Nigeria Limited may face sanctions from the Central Bank of Nigeria (CBN) over its removal of Dr. Adesola Adeduntan as Managing Director/Chief Executive Officer and subsequent appointment of Mr. Gbenga Shobo as replacement on Wednesday. TheNewsGuru.com, TNG reports that the apex bank in a letter after the news broke of…
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JUST IN: First Bank appoints new MD/CEO as Adeduntan retires
The Board of Directors of First Bank of Nigeria Limited has approved the appointment of Mr. Gbenga Shobo as its Managing Director/Chief Executive Officer (CEO), effective today (Wednesday). Until the appointment, Shobo was the bank’s Deputy Managing Director. Shobo succeeds Mr. Adesola Adeduntan, who will be leaving the financial institution in accordance with its term…
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NDEP Plc appoints new MD/CEO
Niger Delta Exploration & Production Plc (NDEP), a foremost Independent, Integrated Energy Company in Nigeria, has announced the appointment of Mr. Adegbite (Gbite) Falade as its new Managing Director and Chief Executive Officer. Mr. Falade joins NDEP with 25 years of impactful and extensive experience across multiple sectors and continents in the energy sector. He…
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NOVA Merchant Bank appoints Acting MD/CEO
Nova Merchant Bank on Monday announced the appointment of Mr. Nath Ude as its Acting Managing Director/Chief Executive Officer effective October 3, 2020, subject to approval by the Central Bank of Nigeria (CBN). The bank disclosed this in a statement. Nath is a seasoned banker whose experience cuts across three continents in world class financial…
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Keystone Bank appoints Acting MD/CEO
A First-Class Bachelor’s Degree and a Master’s Degree holder in Economics from the prestigious University of Lagos, Mr Olaniran Olayinka, has been appointed as Acting MD/CEO of Keystone Bank Limited. A statement from the financial institution on Friday disclosed that the appointment of the former employee of PricewaterhouseCoopers was, however, subject to approval by the…