Abiola Bawuah Emerges First Female UBA Africa CEO
By Aduragbemi Omiyale
A Ghanaian national, Mrs Abiola Bawuah, has been appointed as the first female chief executive for UBA Africa, a statement from the financial institution has said.
With her appointment, she joins the group board as an executive director, overseeing the organisation’s operations across the African continent, outside Nigeria.
According to the disclosure from the lender, the appointment of Mrs Buwuah demonstrates its commitment to diversity, bringing the total number of female directors in the UBA Group Board to eight.
Prior to her appointment, Mrs Bawuah was Regional CEO of West Africa, supervising the group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of the CEO of UBA Ghana.
“Abiola has contributed significantly to the growth of UBA Africa for close to a decade. She brings a wealth of experience in commercial banking and stakeholder engagement.
“It also gives me great pleasure that with her appointment, the UBA Group Board has now become a majority female board,” the Group Board Chairman of UBA Plc, Mr Tony Elumelu, said.
Also, UBA Group has appointed Mr Chris Ofikulu as the Regional CEO of UBA West Africa. The appointee has over two decades of banking experience spanning corporate, commercial, and retail banking.
In addition, Mr Uzoechina Molokwu will take on the role of Deputy Managing Director (DMD) of UBA Ghana, subject to local regulatory approvals. He was previously the Executive Director for Business Development at UBA Côte d’Ivoire and has over 23 years of banking experience.
Further, Mr Ayokunle Olajubu has been asked to take charge of UBA Liberia, subject to local regulatory approvals. He currently drives compliance across African subsidiaries and comes with 30 years of banking experience in Nigeria and other African countries, including Sierra Leone, Cote D’Ivoire and the Gambia.
In the statement, UBA disclosed that Ms Theresa Henshaw has been appointed as CEO of UBA UK, subject to local regulatory approvals. She was previously the DMD, Business Development, UBA America and joined the Group as ED, Business Development at UBA UK.
Similarly, Mr Usman Isiaka, currently the CEO of UBA Sierra Leone, will be the Deputy CEO of UBA America, subject to local regulatory approvals, while Mr Adeyemi Adeleke, the former CEO of UBA UK, is now the Group Treasurer. He will be working to unlock the immense value in the Group’s multi-jurisdictional balance sheet, leveraging on its presence in 24 countries within and beyond Africa.
Meanwhile, UBA has announced the retirement of Mr Samuel Oni, an independent non-executive Director, from the board following the expiration of his tenure.
He joined the UBA Group in January 2015 and served on the board of the group for eight years.
In the statement, Mr Elumelu thanked him for his commitment, leadership and extensive contributions to the UBA Group, wishing him the best in all his future endeavours.
UBA operates in 19 African countries beyond Nigeria, in addition to global operations in New York, London, Paris and the UAE. The company provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
Outrage as NNPC Appoints French-Swiss National to Head Oil Trading Business
By Adedapo Adesanya
Nigeria’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has appointed Mr Jean-Marc Cordier, a former Vice President of the Abu Dhabi National Oil Company (ADNOC), to head its oil trading business.
This was disclosed in a statement signed by Mr Garbadeen Muhammad, the Chief Corporate Communications Officer of the organisation, saying Mr Cordier joined as the Head of its oil trading arm, NNPC Trading Limited.
He said Mr Cordier’s appointment was in furtherance of the ongoing repositioning drive in the company toward improved growth, better performance and service delivery.
According to the company, the renowned international oil trader, a French/Swiss national, holds a Master’s degree in Corporate Finance with Distinction from Paris 9 University.
“[Mr] Cordier comes into the role with a rich background spanning over 30 years in physical oil, oil derivatives and risk management with significant experience in reorganizing and creating a trading business,” he said.
He spent 24 years with Elf Trading/Total Trading in various positions as Trader, Trading Desk Manager in Geneva and four years as the Global Trading Manager at Addax Energy in Geneva.
At ADNOC in Abu Dhabi, UAE, he served as Vice President, Middle Distillates, Senior Vice President of Risk Management, Senior Team Member in charge of building the trading activity for ADNOC and the launch of ADNOC Global Trading (AGT) in December 2020,” he said.
Mr Muhammad said that Cordier had since assumed duty.
Business Post understands that the French-Swiss national’s appointment has sparked outbursts from stakeholders who complained that it doesn’t align with the promises of the Petroleum Industry Act (PIA), which promises more Nigerian involvement in the country’s oil company.
While some argued that expatriates have always held posts in oil companies, others said NNPC should endeavour to promote the local content drive of the federal government.
Jobrole Introduces Flexible HR Plan for SMEs
By Modupe Gbadeyanka
An outsourced human resources (HR) management solution designed to accelerate the activities of small and medium enterprises (SMEs) in the country has been introduced by a leading talent management company in Nigeria, Jobrole Consulting Limited.
This plan, called Jobrole Flexi HR, will enable small business owners to navigate common HR challenges while focusing on core business operations.
It is an integrated human resources and business solution designed to meet the administrative needs of Nigerian small businesses and help them grow from sole proprietorships to flourishing organizations with select employees and clientele lists.
Jobrole Consulting is reputed for its wide-ranging human resources solution for high business performance, and this new package further cements its status in the industry.
The Director of Strategy and New Market at Jobrole Consulting, Mr Chigbo Okeke, informed newsmen that the Jobrole Flexi HR plan was to justify that people are a strategic resource for every business.
According to him, no matter how large or small a business is, there is always a need to use effective HR strategic planning techniques to manage the company’s resources and minimize human resources issues.
“We are excited to introduce Jobrole Flexi HR plan to the Nigerian SME market. This is an outsourced HR management solution that assists start-ups and other small-to-medium-sized businesses in reducing operational issues such as staff identity risks, recruitment turnaround time, hiring costs, and developing HR policies for your organization.
“These HR activities are vital business functions, strategic to the operational success of all businesses. We help our clients carry out these tasks and get them done without a hitch while they face their core business operations,” he said.
Mr Okeke added that, “Nigerian small businesses must prioritize building a comprehensive human resources programme into the company’s overall business strategy.”
This, he said, is critical to increasing their bottom line and capable of strengthening their organization’s competitive advantage.
Some Flexi HR deliverables include staff recruitment, onboarding and documentation, employee background checks, performance management, payroll management, and HR policy development.
He urged small business owners in Nigeria to take into account that the HR role is key to their operations, noting that with the changing nature of the work environment in recent years, it is now very clear that the role of HR is very significant for small and bigger businesses because the value one or a few employees add to the business’s performance is quite significant and immeasurable.
Former NBS Chief Yemi Kale Joins KPMG Nigeria as Chief Economist
By Aduragbemi Omiyale
The former chief executive officer of the National Bureau of Statistics (NBS), Mr Yemi Kale, has joined a leading audit firm, KPMG Nigeria, as a partner and chief economist.
Mr Kale was also Nigeria’s Statistician General of the Federation between 2011 and 2021 and was very respected for how he projected the agency as a reputable stats agency.
In a post on Thursday, KPMG said Mr Kale would lead the company’s view on macroeconomics and enhance the breadth of our solutions involving economic modelling and macroeconomic analysis in private and public sector clients.
“The partners and staff of KPMG Nigeria are pleased to welcome Dr Oyeyemi Kale to our firm as he assumes the role of Partner and Chief Economist of KPMG Nigeria.
“Yemi holds a B.Sc. Honours degree in Economics (first class), Addis Ababa University, and an http://M.Sc. (Distinction) and PhD in Economics from The London School of Economics and Political Science.
“He has deep experience, gained from both the private and public sector, in macroeconomic analysis, financial, economic and investment research and fiscal and macroeconomic policy advisory.
“From 2011 to 2021, he served as the Statistician General of the Federation/Chief Executive Officer of the National Bureau of Statistics (NBS).
“As our Chief Economist, Yemi will lead the firm’s view on macroeconomics and enhance the breadth of our solutions involving economic modelling & macroeconomic analysis in private and public sector clients,” the announcement read.
Under his watch, the stats office released data that were favourable and unfavourable to the ruling government with fear.
Latest News on Business Post
- Dangote Says N300bn Bond Listing Reflects Nigerian Capital Market Depth March 30, 2023
- Best Site to See Football Statistics, League Tables, and Fixture March 30, 2023
- Yul Edochie Loses First Son to Death After Exam March 30, 2023
- Indonesia Loses 2023 FIFA U-20 World Cup Hosting Rights March 30, 2023
- Unlisted Securities Market Closes Flat at Midweek March 30, 2023
- Naira Sells N461.24/$1 at I&E, N764/$1 at P2P, N747/$1 at Black Market March 30, 2023
- Oil Drops on Profit Taking Despite Supply Tightness March 30, 2023
- Market Gains N261bn as Banking, Industrial Goods Stocks Enjoy Patronage March 30, 2023
- Russia Gets $110m Yearly as Tuition from 22,000 African Students March 29, 2023
- Why Adoption of Electric Motorcycles is Slow in Nigeria, Others—Report March 29, 2023