5 Most Profitable Banking CEOs in Nigeria

Nigeria’s banking business has skilled a gradual and memorable development through the years. This success may be attributed to the various modern management of some Chief Government Officers who’ve all made important contributions to the expansion of the banking sector within the nation.

These CEOs have managed their group via difficult instances and steered its wheel in direction of innovation, optimum customer support, monetary inclusion, thus making them profitable.

Right here, we might have a look at some Nigerian banking CEOs who’ve scaled up their organisations and in addition added a constructive impression on the nation.

Herbert Wigwe – Entry Financial institution

Mr Herbert Wigwe began his profession on the Coopers and Lybrand Associates earlier than going to work at Warranty Belief Financial institution from the place collectively acquired Entry Financial institution together with his companion, Aigboje Aig-Imoukhuede in 2002.

Herbert assumed the place of Entry financial institution Common Managing Director/Chief Government Officer in 2014 having metamorphosed  Entry Financial institution from being ranked 65 out of the 89 industrial banks within the nation on the time to being among the many high 5 monetary establishments in the present day.

In 2012, Herbert and his pal additionally pulled via an acquisition take care of Intercontinental Financial institution to additional increase Entry Financial institution. He’s at present amid plans to launch a brand new Entry Financial institution unit in France.

Within the first half of 2022, Entry Holdings printed a web revenue after tax of N88.4 billion representing a 2.1% enhance in comparison with 86.94 recorded in the identical interval of 2021.

Oliver Alawuba – UBA

Oliver Alawuba joined the United Financial institution for Africa Group in 1997, he supervised the Financial institution’s Public Sector and Private Banking companies through the years. 

Alawuba who is just not new to banking operations throughout Africa with over three many years within the banking business expertise was as soon as the CEO of UBA Ghana earlier than he grew to become the Regional CEO, UBA Africa after which returned to run UBA’ East Financial institution.

He assumed the place of Chief Government Officer of UBA in August 2022. In accordance with Bili. A. Odum, the group’s firm secretary, stated underneath Alawuba’s management, UBA’s Nigerian East Financial institution division grew to become the quickest rising regional financial institution within the Group.

Ebenezer Onyeagwu – Zenith

Ebenezer Onyeagwu was appointed because the Zenith Bank Plc Group Managing Director/ CEO on the first of June 2019. The appointment was a promotion from his deputy managing director function, having joined Zenith Financial institution as a senior supervisor in 2002.

Ebenezer began his banking profession in 1991 when he joined the now defunct Monetary Service provider Financial institution, earlier than shifting to Citizen Worldwide Financial institution.

Within the first half of 2022, he guided Zenith Financial institution to a web revenue of N111.4 billion which is a 5% enhance from 106.1 billion in the identical interval of 2021.

Segun Agbaje – GTCO

Segun Agbaje joined GT Financial institution in 1991 as a pioneer employees earlier than he rose to the place of Government Director in January 2000.

The 54 years previous banker has been the Chief Government Officer and Managing Director of Warranty Belief Financial institution Plc since July 12, 2011.

He has positioned Warranty Belief Financial institution (GTBank) as a serious participant within the monetary providers business for its branding method to innovation and digital merchandise. Because of his background and expertise in the important thing areas of financial institution actions which incorporates industrial banking, funding banking, treasury, and so forth, he was appointed the Deputy Managing Director in August 2020.

Adesola Kazeem Adeduntan – First Financial institution

Adesola Kazeem Adeduntan is the Managing Director/CEO of First Financial institution of Nigeria Restricted and Subsidiaries. Previous to this appointment in January 2016 he was Government Director and Chief Monetary Officer for the Financial institution.

He began his banking profession at Afribank as a graduate trainee in 1994 and joined First Financial institution in 2014. He was appointed Managing Director of First Financial institution two years later in 2016. He may be known as one of the profitable CEOs on account of the financial institution’s development and sustainability and the way it continues to keep up its main function in Nigeria’s monetary sector.

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