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Aig-Imoukhuede, Access Bank’s Former CEO, Appointed Chairman Of Holding Company

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Aigboje Aig-Imoukhuede has been appointed Chairman of Access Holdings by the group’s board of directors.

JomogNews Nigeria reports that Access Holdings Plc (‘the Holdco’), has announced the return of Mr Aigboje Aig-Imoukhuede, CFR to the bank as its Non-Executive Chairman.

This Nigeria news platform understands that Aigboje replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director.

The return of Aig-Imoukhuede is in response to the untimely passing of the immediate past Group Chief Executive Officer of Access Holdings, Dr. Herbert Wigwe, CFR.

The bank said the appointment followed extensive consultations with key stakeholders and as such the Holdco Board unanimously “decided to invite Mr. Aig-Imoukhuede to the helm of governance” the statement read.

“Access Holdings Plc (‘the Holdco’), is pleased to announce the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman. Mr. Aig-Imoukhuede, CFR replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director.

This visionary and accomplished leader is bringing an outstanding record of accomplishments, wealth of expertise and leadership to guide the Group into a new era of success.”

According to the bank, as Non-Executive Chairman, Mr. Aig-Imoukhuede will “collaborate with the Board of Directors to oversee strategy and provide guidance to the executive management team.”

Mr. Aig-Imoukhuede also responded stating he is thrilled to be back in the bank and “determined” to realize the shared vision he had with Dr. Wigwe

” I am thrilled to be back in active service to the Access Group ecosystem. I am confident that working with our directors, our exceptional team of executives and our best-in-class banking and finance professionals, we will deliver outstanding value to our esteemed stakeholders. I am determined that our shared vision which Dr. Wigwe gave everything for, will be realized”.

JomogNews Nigeria reports that the reappointment of Mr. Aigboje Aig-Imoukhuede as the Non-Executive Chairman of Access Holdings PLC is a move that industry analysts and insiders might have seen coming, given the close professional relationship and alignment in vision he shared with the late Dr. Herbert Wigwe.

The announcement is also expected taking into account Mr. Aig-Imoukhuede’s significant stake in the bank and his integral role in shaping its growth trajectory.

Mr. Aig-Imoukhuede’s partnership with Dr. Wigwe was more than just a passing collaboration between high-ranking executives.

It was a deeply rooted synergy of two visionary leaders who transformed Access Bank from a relatively small entity into one of the continent’s leading financial powerhouses.

Following the unfortunate demise of Dr. Wigwe, the stewardship of Access Holdings PLC faced an impasse, necessitating the return of someone like Aig-Imoukhuede who not only understood the intricate workings of the group but could also assuage multiple stakeholders with varying interests in the bank.

Mr. Aig-Imoukhuede’s return appears to be a well-orchestrated response to any potential risk the demise of Herbert Wigwe could pose to the future of Nigeria’s largest financial service company by total assets.

 

About Aigboje Aig-Imoukhuede

Mr. Aigboje Aig-Imoukhuede, CFR was the former MD/CEO of Access Bank Plc (now Access Holdings) for 10 years and handed over to the late Herbert Wige upon the expiry of his tenure.

Since then has has been out of the board of the bank but has been engaged in other business ventures.

Along with Herbert Wigwe, he also co-founded the Tengen Family Office Limited which oversees a significant portfolio of investments and businesses in banking, finance, insurance, technology, real estate, and more.

JomogNews Nigeria understands they were business partners and co-owned several business ventures together.

Mr. Aig-Imoukhuede is also the chairman of Coronation Group, a financial services firm in Nigeria that owns insurance and merchant banking businesses.

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Sterling One Foundation, United Nations Nigeria Announce Africa Social Impact Summit (ASIS 3.0) 2024

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The official press conference for the Africa Social Impact Summit (ASIS 3.0) 2024, hosted by the Sterling One Foundation and the United Nations Nigeria, was held on Tuesday, July 9th, at the Lagos Oriental Hotel.

Present at the press conference were Olapeju Ibekwe, CEO, Sterling One Foundation; Mohammed M. Malick Fall, Resident and Humanitarian Coordinator, United Nations in Nigeria and Abubakar Suleiman, MD/CEO, Sterling Bank.

Others are Odunayo Sanya, Executive Director, MTN Foundation; Hauwa Adeeyo, Senior Special Assistant to the Lagos State Governor on Commerce, Cooperatives, Trade and Investments, and Dr. Mories Atoki, CEO, ABC Health, among other key stakeholders and partners.

Photo caption:
L-R: Senior Special Assistance to the Lagos State Governor, Ministry of Commerce, Cooperatives, Trades and Investment, Hauwa Adeeyo; United Nations Resident & Humanitarian Coordinator in Nigeria, Mohammed Malick Fall, Chief Executive Officer, Sterling One Foundation, Olapeju Ibekwe and Managing Director/CEO, Sterling Bank Limited, Abubakar Suleiman at a press conference on the Africa Social Impact Summit 2024 in Lagos… on Tuesday.

ASIS, which started in 2022, has grown into a significant platform for driving social impact across Africa. The summit aims to bring together various stakeholders from the public sector, private sector, and development ecosystem to create effective partnerships and advocate for impactful policies.

In her opening remarks, Olapeju Ibekwe, CEO, Sterling One Foundation, stated, “The Africa Social Impact Summit has three major goals: to galvanize effective partnerships across the public sector, private sector, and the development ecosystem; to advocate for policies that will attract investments in major development sectors; and to ensure impactful investments in those sectors. We are pleased to announce that over 40% of last year’s participants have received various levels of investment.

“One significant example is the MTN Foundation’s investment of over 3 billion Naira to support primary healthcare centers across the country in partnership with the Private Sector Health Alliance of Nigeria. This year, we will host an investors roundtable on July 24th at the Eko Convention Centre as a pre-event engagement before the summit on July 25th and 26th.

“We invite stakeholders, including entrepreneurs, innovators, investors, and representatives from the private and public sectors, to join us in reimagining progress and designing a new blueprint for sustainable growth in Africa.”

The United Nations Resident and Humanitarian Coordinator in Nigeria, Assistant Secretary – General Mohammed highlighted the urgency of the summit’s goals, saying, “We have discovered that we are behind on several indicators, and this comes at a time of numerous global challenges, including economic downturns.

“With only six years left to achieve the 2030 SDG targets, it is time to double our efforts. This gathering is crucial for galvanizing partnerships, as the SDGs are designed in such a way that no single sector or entity can meet these goals alone. The theme of this year’s summit, ‘Reimagining Progress: A New Blueprint for Sustainable Growth in Africa,’ resonates deeply with the UN, prompting us to support and partner with the Sterling One Foundation in co-convening ASIS 2024.”

Abubakar Sulieman, MD/CEO of Sterling Bank and member of the Board of Trustees for Sterling One Foundation, expressed confidence in the summit’s collaborative potential, stating, “As I walked into this room, I realized that our collective effort can achieve our goals. The institutions represented here demonstrate that we are well on our way to success.

“At Sterling Bank, we have always believed in using our trusted position to solve problems by galvanizing partnerships. In the social impact scene, we are many but often weak due to being distributed and disconnected. Size matters, and the beauty of what we do at Sterling One Foundation is our willingness to partner, co-convening with the United Nations.”

The Africa Social Impact Summit 2024 is crucial for sustainable growth across the continent. It aims to address pressing issues through innovative solutions and strategic partnerships. This year’s theme, “Reimagining Progress: A New Blueprint for Sustainable Growth in Africa,”
underscores the need for collaborative efforts to tackle Africa’s development challenges effectively.

Registrations are currently on-going for the ASIS summit, which will take place on July 25th and 26th at Eko Hotels.

Entrepreneurs, innovators, investors, and representatives from the private and public sectors are encouraged to participate and contribute to shaping a sustainable future for Africa.

For more information and to register for the summit, please visit www.theimpactsummit.org.

About the Co-Conveners
Sterling One Foundation (SOF) is a registered non-profit focused on tackling the root causes of poverty in Nigeria, and Africa through interventions and social impact programmes across five critical sectors namely: climate action, health, education and youth development, gender equality and empowerment, and food security. The Foundation’s programmes adopt a central theme of prioritizing partnerships for the achievement of the Sustainable Development Goals (SDGs). For more information visit http://www.onefoundation.ng

The United Nations System (UNS) in Nigeria, consisting of 19 resident and 4 non-resident entities has had a productive engagement with the Federal Republic of Nigeria since its independence and has been a catalytic supporter of, and trusted partner in, the development aspirations of Nigeria. Learn more on United Nations in Nigeria

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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 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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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 8th July 2024

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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for 7th July, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1520 and sell at N1530 on Sunday 7th July 2024, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1520
Selling Rate N1530

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1516
Selling Rate N1517

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

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