After Completion of 12-year Tenure, Elumelu Retires as UBA Chairman, Nnorom Named Successor Nume Ekeghe and Kayode Tokede
United Bank for Africa Plc (UBA), yesterday announced that its Group
Chairman, Mr. Tony Elumelu will retire from the Board of Directors of the Pan African financial institution on August 21, 2026, upon the completion of the 12-year tenure
limit prescribed for Non-Executive Directors of Banks by the Central Bank of Nigeria (CBN). In a statement yesterday that was signed by the Group Head,
Marketing and Corporate Communications, UBA, Alero Ladipo, the bank announced the election of Mr. Emmanuel N. Nnorom, a Non-Executive Director as his
successor, with effect from 21 August 2026. According to the statement, the decision was reached at a meeting held yesterday.
It stated: “UBA Plc has announced that Mr. Tony O. Elumelu, Group Chairman of Continued on page 8
Oando Posts N204bn Profit, Records N258.3bn Operating Cash in Audited 2025 Report... Page 6 Tuesday 7 July, 2026 Vol 31. No 11412. Price: N400
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FG Orders Probe of Meta, Google, X, AI Platforms Over Alleged Exploitation of Nigerian Media James Emejo in Abuja
UNITED IN OPPOSITION...
Members of the G15 Group of the Kwara State chapter of the All Progressives Congress (APC), soon after a march in Ilorin to protest the choice of the governorship candidate by the party, yesterday
President Bola Tinubu, yesterday, directed Federal Competition and Consumer Protection Commission Continued on page 8
Lokpobiri Summons Oil Industry Stakeholders, Insists on Fair Petrol Pricing Minister says disconnect between falling crude prices, local PMS rates must be addressed NMDPRA declares deregulation not licence for market distortion IPMAN: With proper depot pricing, marketers can sell petrol below N800
Emmanuel Addeh in Abuja
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, yesterday convened an emergency meeting of Nigeria’s key
oil refiner, petroleum marketers, regulators and competition authorities over the persistent high price of petrol, insisting that the recent Continued on page 8
World Cup: Spain Beats Portugal 1-0, Belgium Knocks out Co-hosts USA 4-1 ... Page 30
ROYAL ENDORSEMENT FOR KWARA GOVERNORSHIP CANDIDATE...
Emir of Ilorin Dr. Ibrahim Sulu-Gambari, CFR, offering prayers for Speaker, Kwara State House of Assembly/APC Governorship Candidate Rt. Hon. Salihu Yakubu Danladi and other APC Candidates; following a massive rally and visit to the Emir... yesterday