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Corporate Press Releases

CORPORATE ACTION:Continental Insurance Appoints Non-Executive Directors

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The board of Continential Insurance Plc have announced the appointments of Chief ajibola Olusanya ogunshola and Mr.Emmanuel Brule as Non- Executive directors of the company representing C-Re Holding Limited with effect from November 8, 2016 to replace Mrs. Nadia Alaoui Fettah and Mr. Merrick Wayne Oeschger.

 

Chief Ajibola Ogunshola

Chief Ajibola attended Government College in Ibadan. In 1967, he studied mathematics in the University and thereafter, he traveled abroad to further his education where he qualified as a fellow of the Certified Institute of Actuary in the United Kingdom.

After graduation, Chief Ajibola returned to Nigeria and was employed at the NICON Insurance Company. After a brief spell as the Head of the Life Department at NICON at that time, he moved to Niger Insurance Company where he became the Chief Executive in 1984. He started a consultancy firm as an Actuary and later became the Chairman of Punch Newspaper in 1987.

Ajibola Ogunsola became a household name when he became the Chairman of Punch Nigeria Ltd. It is interesting to note that for well over two decades Ajibola steered the ship of the Punch Group of newspapers, which sailed through turbulent waters at different times.

Chief Ajibola’s long reign, first as Nominal Chairman and subsequently as The Executive Chairman, ranks among one of the most successful company turnarounds in Nigeria’s history. He was well prepared for the job because he needed more than just his actuary skill to make the kind of impact he made. Those who know him say he is a perfectionist. He is an advocate of transparency, propriety and frugality.

One of the legacies of Chief Ajibola’s board was the decision to relocate their corporate headquarters to Km 14, Lagos Ibadan Expressway by Ayorinde Bus Stop, Ogun State, otherwise known as “The Punch Place” from their former office at No 1, Olu Aboderin Street, Onipetese, Ikeja, Lagos. It was at the opening of the new corporate office that Ogunsola announced his retirement as Chairman and since then the very brilliant Actuary and Insurance guru has been active in the general running of the media industry in terms of policy formulation and the issue of ethics.

For the first time last week, Chief Ajibola spoke about how he worked with other board members to revive Punch Newspapers and how they were able to make it the No.1 newspaper it is today.

He actively participated in the just concluded National Confab where he represented the Southwest Region. He is indeed a man of the media.

 

Mr. Emmanuel Brule

Mr Brule is a graduate of Ecole Centrale de Paris. He has always operated in an environment and held a number of senior executives’ roles with SCOR, a global Tier 1 reinsurance company (1997-2001) and American International Group (AIG) (2002-2015) in diverse functions and in various territories. He is currently Deputy Chief Executive officer of Saham Finances and a member of Saham Group executive committee.

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Mudeerat Olawunmi is a graduate of Business Administration with over 5 years experience in online data gathering and analysis. Wunmi is a data analysts at Nairametrics and helps ensure that our readers get some of the most important macro and micro economic data required to help make investing decisions.

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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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