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Corporate Press Releases

Zenith Bank Announce New Appointments



The Board of Directors of Zenith Bank have appointed Ms Adaora Umeoji (Executive Director) and Mr. Ebenezer Onyeagwru (Executive Director) as Managing Directors of the Bank, subject to the approval of the Central Bank of Nigeria (CBN).

The Board also approved the appointment of Mr. Ahmed Umar Shuaib as Executive Director.


Adaora Umeoji — Deputy Managing Director

Prior to her current appointment, she was the Executive Director in charge of the Business (Groups in Abuja and the Northern Zone of the Bank.

She holds a Bachelor’s degree in Sociology and NIBA in Business Administration.

Adaora has over twenty (20) years cognate banking industry and a very broad Executive management experience spanning Credit and Marketing, Treasury Operations, Branch Management and Human Resources.

She has attended several Executive Management programs including the Harvard Business School and Wharton Business School amongst others.

She is a member of scvcral professional bodies Including the Nigerian Institute of Management (NISI) and the Chartered Institute of Bankers of Nigeria (CIBN).


Mr. Ebenezer Onyeagwu – Deputy Managing Director

He was until his current appointment the Executive Director in charge of Institutional Banking Group and equally supervised other strategic business Groups and Zones in the Bank.

Mr. Onyeagwu has over twenty-four (24) years cognate banking industry experience which spans Branch operations, Credit and Marketing, Internal Control and Institutional Banking.

Mr. Onyeagwu is a Fellow of the Institute Of Chartered accountants of Nigeria (FCA) and has attended several Executive Management Programmes including Wharton Business, Columbia Business School and the Harvard Business School amongst others.



Umar Shuaib Ahmed — Executive Director

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Until his appointment as an Executive Director, Umar was the General Manager in charge of Abuja Zone.

His banking career spans over 23 years covering Branch Operations, Branch Management and Credit and Marketing.

Umat is a fellow of Nigerian Institute of Loan and Risk Management, Honorary

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Senior Member, Chartered Institute of Bankers and Member, Nigerian Institute of Management. He has attended numerous Executive programmes both within and outside the country, including Strategic Business courses at the London Business School and Harvard Business School, USA.

The appointments have been approved by the Central Bank of Nigeria.

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.



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

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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.



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:

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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