Nigeria’s naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates, Bloomberg reported on Friday. The naira has slipped to 1,466.31 to the dollar, its weakest level since March 20, hurt by the local scarcity of the … Read more
Zenith Bank Plc, one of Nigeria’s leading banks, has named Dame (Dr.) Adaora Umeoji as its next Group Managing Director/Chief Executive Officer. She succeeds Dr. Ebenezer Onyeagwu, whose five-year stint as GMD/CEO has ended. According to a statement made by the bank on Tuesday, her nomination as GMD/CEO is consistent with the bank’s succession plan. … Read more
Ms. Bolaji Agbede has been appointed Acting Group Chief Executive Officer by Access Holdings Plc, the company stated Monday. This comes after the demise of its former Group CEO, Dr. Herbert Wigwe. Wigwe died in a helicopter crash along with his wife, son, and a former chairman of the Nigeria Exchange Group, Abimboloa Ogunbanjo, on … Read more