Economy
UBA Appoints New Chairman As Tony Elumelu Set To Retire
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2026/03/Tony-Elumelu-1000x600.jpg&description=UBA Appoints New Chairman As Tony Elumelu Set To Retire', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2026/03/Tony-Elumelu-1000x600.jpg&description=UBA Appoints New Chairman As Tony Elumelu Set To Retire', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the bank’s Board of Directors on August 21, 2026.
The bank disclosed this on Monday after its board meeting, explaining that the decision followed the completion of the maximum 12-year tenure for non-executive directors as prescribed by the Central Bank of Nigeria (CBN).
UBA also announced that Emmanuel Nnorom, a current non-executive director on the board, will succeed Elumelu as Group Chairman.
Nnorom’s appointment will take effect on the same day Elumelu retires.
In a statement issued after the meeting, the bank commended Elumelu for what it described as his visionary leadership and contribution to the growth of the UBA Group.
“The Board places on record its profound appreciation to Elumelu for his visionary leadership and exceptional contribution to the strategic vision and institutional strength of the UBA Group,” the statement read.
The bank said under Elumelu’s chairmanship, UBA strengthened its pan-African expansion strategy and now operates in 20 African countries, with presence in four global financial centres.
It added that the bank currently serves more than 50 million customers across its network.
See Exchange Rate As Naira Gains 0.07%
The Black Market Dollar-to-Naira Exchange Rate for 14th September 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
The exchange rate fluctuates hourly based on the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 14th September 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1390 and buy at ₦1380 on Monday, 14th September, 2026, 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
Selling Rate ₦1390
Buying Rate ₦1380
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1330
Lowest Rate ₦1326
The pump price of petrol has risen to as high as N1,430 per litre in parts of Abuja following an increase in the wholesale price of Premium Motor Spirit by the Dangote Petroleum Refinery.
The refinery raised its gantry price from N1,265 to N1,350 per litre, representing an N85 or 6.7 per cent increase, as international crude oil prices continued to climb.
The latest adjustment has already triggered fresh increases at filling stations across the Federal Capital Territory, with motorists paying between N1,395 and N1,430 per litre, depending on the outlet.
Checks in Abuja on Sunday showed that MRS filling stations had moved their pump price from N1,350 to N1,395 per litre, while NIPCO increased its price to N1,430. Mobil outlets also raised theirs to N1,400 per litre.
An attendant at an MRS outlet, who spoke on condition of anonymity, said motorists should expect another increase as stations begin receiving products purchased at the new depot price.
“We are currently selling our old stock at N1,395 per litre, but from tomorrow, once the new stock arrives, the price will be higher,” she said.
The development has raised concerns among economists and other stakeholders over its likely effect on transportation, food prices and the wider cost of living.
An economist and development expert, Aliyu Ilias, warned that another increase in petrol prices could push up inflation, arguing that higher fuel costs would eventually be reflected in transportation and production expenses.
Similarly, former Secretary-General of the Organisation of African Trade Union Unity, Owei Lakemfa, urged the Federal Government to strengthen regulation and economic planning to cushion consumers from fluctuations in global crude prices.
Lakemfa argued that domestic petrol prices should not automatically rise whenever geopolitical tensions cause crude prices to increase internationally, stressing that Nigeria’s status as a crude oil producer should give it an advantage in refining and supplying petroleum products locally.
Meanwhile, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said marketers had been forced to adjust their pump prices following successive changes in the refinery’s pricing.
Ukadike said the frequent adjustments were creating uncertainty for both petroleum dealers and consumers because the cost of replacing existing stock could change within a short period.
The Black Market Dollar-to-Naira Exchange Rate for 12th September 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
The exchange rate fluctuates hourly based on the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 12th September 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1380 and buy at ₦1392 on Saturday, 12th September, 2026, 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
Selling Rate ₦1380
Buying Rate ₦1392
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1326
Lowest Rate ₦1326
Gov. Soludo reveals Obi, Obiano accumulated debts still hanging on Anambra
Sad: Nine passengers killed as gunmen open fire on bus in Plateau
Over 600 senior lecturers back Tinubu, ASUU disowns approval
-
News12 hours agoThey Are Permanently Silent – Ortom Challenges Alia To Account For ₦1.2trn FAAC Revenue Since 2023
-
Entertainment12 hours agoCeline Dion Weeps On Stage As She Returns To The Stage After Six Years
-
News12 hours ago2027: Why Igbos May Not Vote APC Despite Governors’ Defection — Party Chieftain
-
News12 hours agoArmy Denies Reports Of Islamic Scholars Abduction In Senator Yariu’s House
-
Politics12 hours agoComparative analysis as Obi lists ten achievements in public office, Tinubu’s ten failures as president
-
News23 hours agoNorthern Leaders Seek Unity As Almajiri, Insecurity Threaten Region
-
News12 hours agoSad! Cross River Commissioner dies in Abuja
-
Sports21 hours agoHaaland came through as 10-men Man City defeats Manchester United