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Wema Bank adds two new directors to its board.

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Wema Bank adds two new directors to its board.

Wema Bank adds two new directors to its board.

 

The Board of Wema Bank Plc has announced the appointment of Yusuf Zubair Kazaure and Segun Opeke as non-executive directors and executive directors, respectively.

According to the bank, in a notice to the Nigerian Exchange Limited (NGX) and the investing public seen by Nairametrics, the appointment of two new directors to its board was effective on February 2, 2024.

The bank, which disclosed that it has received approval from the Central Bank of Nigeria to appoint the new directors, noted that the duo are strong leaders in their relevant sectors and will bring a wealth of experience and expertise to the board of the bank.

Profile of Mr. Yusuf Kazaure
According to the statement signed by Company Secretary/General Counsel, Johnson Lebile, Mr. Kazaure is a seasoned professional with over 35 years of cumulative multi-sector working experience spanning architecture, construction, banking, as well as information and communication technology (ICT).

He is an experienced corporate and technology industry executive focused on transformative outcomes and motivated by challenges.

Kazaure obtained a BSc and MSc in architecture from the prestigious Ahmadu Bello University in Zaria, Nigeria. He is also an alumnus of Bayero University, Kano, Nigeria, and Oxford University, United Kingdom, where he obtained an MBA and Diploma in Computing, respectively.

He is currently pursuing a PhD in cybersecurity at Nasarawa State University, Keffi, Nigeria.

He started his career in public service in 1987 as an architect in the Kano State Ministry of Works and Housing before moving into the banking sector, where he worked for 10 years.

He served as the Permanent Secretary in the Ministry of Commerce and that of Urban and Regional Planning in Jigawa State and later became a Director General in charge of International and Governmental Affairs in the Executive Governor’s Office of Jigawa State between 1999 and 2002.

He was the pioneering managing director and CEO of Galaxy Information Technology and Telecommunication Ltd., the Jigawa state-owned ICT company, in 2002, and later the CEO of Galaxy Backbone Ltd., a federal government-owned ICT company, from 2014 until December 2019.

He was also the Chairman of the Board of Directors of Nigeria Satellite Communications Ltd. between January 2020 and June 2023 and a director of MAG Group Ltd., a multinational conglomerate with about eight subsidiaries and affiliates that have a presence in over 20 countries.

Kazaure has attended several executive training courses at various universities and institutions across the world, including Leading the Effective Sales Team at INSEAD in France; Strategic Alliance at Wharton, University of Pennsylvania, USA; Securitization for Housing Finance, Fannie Mae, USA; the Advance Management Training Program (AMP) of the Lagos Business School; and the CIO Institute of Carnegie Mellon University, USA, to mention a few.

He is a fellow of the Nigeria Computer Society, a fellow of the Nigeria Institute of Management Consultants, and a fellow of the Nigerian Institute of Architects.

Profile of Mr. Segun Opeke
Mr. Segun Opeke is a result-oriented professional banker with over 35 years of working experience at leading Nigerian commercial banks.

He studied banking and finance at the University of Lagos and thereafter obtained an MBA from the same university in 1999.

He is also an alumnus of the Columbia Business School, New York, and the London Business School, United Kingdom.

Segun started his career at Chartered Bank Limited and played diverse strategic roles in various banking institutions, including leading the consumer banking team at FSB International Bank before proceeding to Prudent Bank as an area manager.

Following the consolidation of Skye Bank in 2006, Segun worked as the bank’s treasurer and regional director and later became the group head of corporate banking, aviation, and maritime.

Upon Polaris Bank taking over the defunct Skye Bank in 2018, Segun was made an Executive Director in charge of Lagos Business and Corporate Banking directorates until June 2023, when he retired from the bank.

Segun has attended several professional, management, and leadership programs in world-class institutions, including INSEAD and Euromoney in London.

He is a strong team player, and he is credited with making immense contributions in the areas of business development, corporate finance/restructuring, and digital transformation.

According to the Board, the addition of the two new directors will significantly enhance the wealth of knowledge within the Board of Directors of the Bank.

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Zenith Bank Capital Markets Day

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Zenith Bank Capital Markets Day

 

Highlights from the Zenith Bank Capital Markets Day held earlier today with the Founder & Chairman of Zenith Bank PLC Dr. Jim Ovia CFR, Dame Dr. Adaora Umeoji OON, GMD/CEO of Zenith Bank PLC, Executive Directors of the Bank; Dr. Henry Oroh, Dr. (Mrs) Adobi Nwapa, Mr. Akin Ogunranti, Mr. Lawani Adamu, Mr. Louis Odom; the Bank’s Chief Finance Officer Dr. Mukhtar Adam (PhD); the General Manager/Group Head Investor Relations & Corporate Development Mrs. Rolake Akinkugbe-Filani; existing and potential investors, analysts, stockmarket players, asset managers, customers and other members of the Senior Management Team of the Bank.

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GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit

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GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit

GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit

 

Guaranty Trust Holding Company (GTCO), one of Nigeria’s largest lenders, is raising ₦400 billion in capital through a public offer anchored on the Nigerian Exchange Group (NGX).

The company is offering 9 billion shares at ₦44.50 each, with plans to invest the additional capital in profitable ventures in West Africa and East Africa, as well as recapitalize GTBank Nigeria, expand its asset management and pension businesses, and grow its loan portfolio.

According to Group CEO Segun Agbaje, GTCO has a track record of delivering strong returns, with a 29% average return on equity (RoAE) over the past ten years and a 253% return on investment over the same period.

The company has also made significant inroads into non-banking businesses, including fintech, asset management, and pension management, with plans to generate 5% of group profit from these businesses within three years.

Agbaje, in a “fact behind the offer” presentation at the NGX on monday, gave stakeholders compelling reasons to embrace the offer. He promised to soon make GTCO the first Nigerian company to realise a billion dollar profit.

He welcome the CBN directive to banks in Nigeria to upscale their capital threshold, following adverse economic headwinds that have seen continuous erosion of assets noting that GTCO already had plans to raise fresh capital months before thedirective.

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Zenith Bank Wins Best Commercial Bank In Nigeria And Best Corporate Governance Awards At World Finance 2024 Awards

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Zenith Bank Wins Best Commercial Bank In Nigeria And Best Corporate Governance Awards At World Finance 2024 Awards

Zenith Bank Wins Best Commercial Bank In Nigeria And Best Corporate Governance Awards At World Finance 2024 Awards

Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year.

The bank was also named as Best Corporate Governance, Nigeria for the third year running in the World Finance Corporate Governance Awards 2024.

The awards, which were published in the Summer 2024 Issue of the World Finance Magazine, are in recognition of the bank’s robust financial performance, superior customer service, sustainability initiatives and corporate governance practices.

Commenting on the dual honours, the Group Managing Director/Chief Executive of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji, OON, remarked:

“These awards highlight our steadfast dedication to excellence, adherence to global best practices, and our persistent effort to deliver superior value to all stakeholders through innovative products and services. Receiving these awards consecutively for multiple years signifies the commitment of our staff, the loyalty of our customers, and the support of our shareholders. We remain devoted to setting industry benchmarks and driving excellence across all aspects of our operations.”

Dr. Umeoji expressed her delight at the recognition and dedicated the awards to the Founder and Chairman, Dr. Jim Ovia, CFR, for his impactful leadership in establishing a robust and flourishing institution. She also expressed gratitude to the board for their vision and insight, the staff for their unwavering dedication, and the bank’s customers for choosing Zenith as their preferred bank.

World Finance is a leading international magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy.

The editorial combines award-winning reportage, covering a broad range of topics from banking and insurance to wealth management and infrastructure investment, with contributions from some of the world’s most well-respected economists and theorists as well as consultants in government think tanks and the World Economic Forum.

Zenith Bank’s track record of excellent performance has continued to earn the brand numerous awards, with these latest accolades coming on the heels of several recognitions including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the 14th consecutive year in the 2023 Top 1000 World Banks Ranking, published by The Banker Magazine.

We were also awarded the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria in the International Banker 2024 Banking Awards

Further recognitions include Best Bank in Nigeria for three consecutive years from 2020 to 2022 in the Global Finance World’s Best Banks Awards and Best Commercial Bank, Nigeria for three consecutive years from 2021 to 2023 in the World Finance Banking Awards.

Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for 2022 and 2023, and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

The bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021 and Retail Bank of the Year for three consecutive years from 2020 to 2022 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

The bank also received the accolade of Most Sustainable Bank, Nigeria, in the International Banker 2023 Banking Awards and Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards.

Zenith Bank was named Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards

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