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Corporate Press Releases

CORPORATE ACTION: Transcorp Hotels Plc Announce Changes In Their Board

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The Board of Transcorp Hotels Plc have accepted the resignation of Mr. Omoniyi Fagbemi. The Board appointed Mrs. Saratu Umar as Independent Non-Executive Director and Dr. Bakari Wadinga as Non-executive Director of the Company, effective October 7, 201 6.

 

Brief Profile Of Hajiya Saratu Umar

Saratu Umar is a 1989 graduate of B.Sc. Economics from Ahmadu Bello University Zaria, and also holds an MBA degree with specialization in Finance and Banking.

She was appointed the Executive Secretary/Chief Executive Officer of the Nigerian Investment Promotion Commission (NIPC) on May 1 9, 201 4, the first female to hold that position since the establishment of the Commission in 1 995.

A well-rounded Banker, Strategist, Economist, notable Change Agent and Change Manager, who constantly aims for the ultimate goal of improving the Nigerian Economy, She has over twenty-four [24] years working experience, with twenty-two [22] of them spent in Development Banking at the Nigerian Export-Import Bank (NEXIM), where she started as a pioneer staff on April 8, 1 992. She traversed and headed all strategic and key departments of the Bank, including; Trade Finance, Project Finance, Business Development and Advisory Services, Strategy, Credit Insurance and Guarantees, Human Resources Development, Administrative Services, and also worked in the Board Secretariat/Legal Affairs Department. During this period, she was equipped with indispensable knowledge of Credit Analysis and Administration encompassing Project Finance, Trade Finance and Guarantees; Business/Export Development and Diversification; Financial and Business Advisory; Building/Optimizing Organizational Processes; Chance Management; Sustainable Development Strategies; Strategic Planning; Negotiation; Strategic Human Resource Management; Measurement Systems and Policy design aligned with corporate objectives and stakeholder engagements, as well as Risk Management, amongst others. She started engaging in Investment Promotion assignments for Nigeria, at least eleven [l l ] years before being appointed to lead the NIPC, during which she served as speaker in several Trade Missions in Europe, America and Asia aimed at seeking investors for the Country.

Vastly trained, locally and internationally in all core aspects of her Banking career, as well as in Leadership, Strategy and Management, she has also worked on various projects with a number of world-class Management Consultants aimed at corporate transformation/re-engineering/restructuring. She in membership/chairmanship capacity of various committees within and outside NEXIM Bank and served on many technical committees outside NIPC, amongst them, as Member/Secretary of the Nigerian President’s Honorary International Investor Council (HIC).

She is deeply passionate about the socio-economic development and transformation of Nigeria. Hence, while at the NIPC, she embarked on unprecedented Reforms with a Vision to transform the Institution into ‘l a gold standard of excellence on the African Continent and a world-class Investment Promotion Agency, comparable to any, in the world”, to enable NIPC effectively deliver its mandate, as well as provide effective Leadership to the Investment Eco-

system

Saratu is a Fellow of the American Academy of Financial Management (FAAFM); a certified Chartered Wealth Manager [CWM], a Certified Risk and Compliance Management Professional (CRCMP), a Fellow, Institute of Chartered Economists (FCE); a senior Associate of the Risk Management Association of Nigeria and a senior member of the Chartered Institute of Bankers of Nigeria, amongst others. She is also a recipient of local and international awards, amongst them, the 2012 International Distinguished Leadership Award.

 

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Corporate Press Releases

Peter Obaseki retires as Chief Operating Officer of FCMB Group Plc

Mr Peter Obaseki, the Chief Operating Officer of FCMB Group has retired from the financial institution.

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The Board of Directors of FCMB Group Plc has announced the retirement of Mr. Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an Executive Director of the Group.

His retirement was approved at a meeting of the Board of the Group on February 26, 2021. This has also been announced in a statement to the Nigerian Stock Exchange (NSE) by the financial institution.

The Chairman of FCMB Group Plc’s Board of Directors, Mr Oladipupo Jadesimi, thanked Mr. Obaseki for his valuable service and excellent support to the Board for many years.

FCMB Group Plc is a holding company divided along three business Groups; Commercial and Retail Banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Investment Banking (FCMB Capital Markets Limited and CSL Stockbrokers Limited); as well as Asset & Wealth Management (FCMB Pensions Limited, FCMB Asset Management Limited and FCMB Trustees Limited).

The Group and its subsidiaries are leaders in their respective segments with strong fundamentals.

For more information about FCMB Group Plc, please visit www.fcmbgroup.com.

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Corporate Press Releases

NSE to commemorate IWD 2021, host 7th Annual Ring the Bell for Gender Equality

NSE will join securities exchanges all over the world to commemorate International Women’s Day 2021.

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NSE prepares to launch West Africa’s first Exchange-traded derivatives

The Nigerian Stock Exchange (NSE or The Exchange) will join securities exchanges all over the world to commemorate International Women’s Day 2021 and host its 7th Annual Ring the Bell for Gender Equality on Monday, 8 March 2021.

In collaboration with Sustainable Stock Exchanges (SSE) Initiative, United Nations (UN) Women, United Nations Global Compact (UNGC) and International Finance Corporation (IFC), the event will hold virtually building on the global theme, #ChooseToChallenge and will culminate in a digital Closing Gong Ceremony. Members of the stockbroking community, analysts, regulators, media and other interested participants can register via the link: http://bit.ly/nse-iwd-2021

Consistent with The Exchange’s objectives to accelerate progress and impact on the advancement of women across all spheres of life, the event will feature discussions that highlight the business case to challenge the norm. Confirmed speakers at the event include, Otunba Abimbola Ogunbanjo, President, National Council, NSE; Mrs. Catherine Nwakaego Echeozo, 2nd Vice President, National Council, NSE; Mrs. Fatimah Bintah Bello–Ismail, Ordinary Member, National Council, NSE; Mrs. Erelu Angela Adebayo, Ordinary Member, National Council, NSE; Mrs. Opunimi Akinkugbe, Founder, Director, Bestman Games; Mr. Oscar N. Onyema, OON, Chief Executive Officer (CEO), NSE; Ms. Tinuade Awe, Executive Director, Regulation, NSE; Mr. Bola Adeeko, Divisional Head, Shared Services, NSE; Mr. Kevin Njiraini, Regional Director, Southern Africa & Nigeria, International Finance Corporation (IFC).

Others are Mrs. Oluwasoromidayo George, Chairperson, United Nations Global Compact (UNGC) Network Nigeria; Mr. Lansana Wonneh, United Nations (UN) Women Deputy Representative, Nigeria and ECOWAS; Mr. Patrick Akinwuntan, Managing Director/Regional Executive, Ecobank Nigeria; Ms. Ivana Osagie, Founder, Professional Women Roundtable (PWR); and Ms. Eme Esien Lore, Nigeria Country Manager, IFC.

The webinar will also feature a special focus on the peer-to-peer learning programme under the Nigeria2Equal programme, a three-year project towards which the IFC will collaborate with the NSE to reduce employment and entrepreneurship gaps in Nigeria through the private sector.

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