Business
Court Voids CBN Sack of Union Bank Board, Orders Reinstatement
Court Voids CBN Sack of Union Bank Board, Orders Reinstatement
A Federal High Court in Lagos has nullified the decision of the Central Bank of Nigeria to dissolve the board and management of Union Bank of Nigeria, ruling that the action was taken outside its statutory powers.
Delivering judgment on Wednesday, Justice Chukwujekwu Aneke set aside all decisions taken by the CBN-appointed board and directed that the former board and management be restored without delay.
The court also restrained the apex bank and its representatives from taking any further steps regarding the bank’s affairs, including actions linked to the proposed recapitalisation of Union Bank, pending full compliance with due process and applicable laws.
The dispute arose from the CBN’s January 2024 intervention, during which it dissolved the bank’s leadership and installed a new management team, appointing Yetunde Oni as managing director. The regulator had cited concerns over corporate governance and regulatory compliance as reasons for the action.
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However, the move was challenged by the bank’s core shareholders, including Titan Trust Bank and its investment partners, who argued that the intervention breached established legal procedures and undermined shareholder rights.
The plaintiffs contended that while the CBN has supervisory authority over financial institutions under the Banks and Other Financial Institutions Act (BOFIA), such powers must be exercised within clearly defined legal limits and with respect for corporate governance structures.
They further alleged that the dissolution formed part of an attempt to restructure the bank’s ownership and management without due consultation or adherence to statutory provisions.
In an earlier ruling delivered in December 2025, the court granted interim relief restraining further regulatory actions. Wednesday’s judgment, however, provides a final determination, affirming the shareholders’ claims and invalidating the CBN’s actions.
Justice Aneke held that regulatory oversight does not extend to arbitrary dissolution of a bank’s board without following due process. He emphasised that any intervention must comply strictly with the law and respect the rights of shareholders and corporate entities.
The court’s decision effectively restores the pre-2024 leadership structure of Union Bank of Nigeria and nullifies all actions taken by the CBN-appointed management during the disputed period.
Legal analysts say the ruling is a landmark in defining the limits of CBN regulatory powers, particularly in relation to governance interventions in commercial banks. It is expected to influence future regulatory engagements and reinforce the principle of accountability in financial sector oversight.
The judgment also comes at a critical time for Nigeria’s banking industry, where recapitalisation efforts and regulatory reforms are ongoing. Experts note that the decision could prompt a review of how regulatory authorities implement enforcement actions to ensure alignment with legal and constitutional safeguards.
Court Voids CBN Sack of Union Bank Board, Orders Reinstatement
Auto
Jetour T2 Plug-in Hybrid EV: Rugged Adventure Meets Smart Electric Power
Jetour T2 Plug-in Hybrid EV: Rugged Adventure Meets Smart Electric Power
Jetour is pushing the boundaries of Nigeria’s Sports Utility Vehicl (SUV) market with the T2 Plug-in Hybrid Electric Vehicle (PHEV), a model that blends rugged off-road capability with the intelligence of modern electrification.
Built for motorists who demand strength without compromising comfort or efficiency, the T2 PHEV cuts an imposing figure with its bold stance—measuring 4,785mm in length, 2,006mm in width and 1,875mm in height—making it both commanding and practical.
According to Jetour Nigeria, the SUV is engineered to strike a balance between performance and efficiency, delivering a smooth, refined driving experience while offering premium comfort for both city commutes and long-distance travel.
Its accredited dealers across Nigeria – Elizade Nigeria Limited, New Era Autovehicle Services Limited, Kojo Motors, Germaine Auto Centre, Tab Autos Limited, R.T. Briscoe Motors and Mandilas Autos, are ensuring accessibility and support for customers nationwide, as one of the SUV’s standout qualities is its dual driving nature.
The T2 Hybrid delivers impressive fuel economy on petrol but can switch seamlessly to pure electric mode when required.
This flexibility reduces fuel costs and supports the Federal Government’s drive towards cleaner and greener energy solutions.
Jetour has also addressed common concerns around electrified vehicles.
The T2 Hybrid supports fast charging, slow charging, engine charging and brake energy recovery. In real terms, the system ensures the battery is constantly being replenished while driving, eliminating range anxiety and making ownership easier.
When the battery gets low, the 1.5 litre turbocharged engine takes over, but not to drive the wheels. It acts as a portable generator, charging the battery while you keep driving.
Energy is stored in a 26.73kWh battery, giving the T2 Hybrid the confidence to handle highways, urban traffic and rough terrain with ease.
The arrival of the T2 PHEV builds on Jetour’s growing reputation in Nigeria.
In 2024, the brand was named Fastest Growing Brand at the Nigeria Auto Journalists Association (NAJA) Awards, while the Jetour Dashing clinched Nigeria’s Car of the Year in 2025.
Safety is a major strength. The T2 PHEV comes with multiple airbags, Advanced Emergency Braking, Electronic Parking Brake with Auto Hold, anti-rollover control and a 360-degree camera with 2D and 3D views.
Additional systems include lane departure warning, blind-spot detection, collision alerts, wading sensing system, bend braking control and automatic door locking.
Inside, technology and comfort take centre stage. A 15.6-inch touchscreen supports Apple CarPlay, Android Auto, Bluetooth, voice commands and wireless charging.
Features such as adaptive cruise control, panoramic roof, ventilated power seats, Sony 12-speaker audio and LED Matrix headlamps further enhance the experience.
Performance is sharpened by the advanced 3-speed Super E-Hybrid DHT system, delivering strong climbs, quick overtakes and efficient energy use.
It can run quietly on electric power for daily commutes or unleash turbo strength for long journeys.
Backing it all is strong aftersales support, including a five-year or 150,000-kilometre warranty, underlining Jetour’s confidence in its technology and commitment to Nigerian motorists.
With the T2 PHEV, adventure is not just about getting there, it’s about travelling smarter, cleaner and in unmistakable style.
Insurance
Lasaco Assurance Deepens ESG Integration to Drive Sustainable Growth
Lasaco Assurance Deepens ESG Integration to Drive Sustainable Growth
Lasaco Assurance Plc has reinforced its growth strategy through the integration of Environmental, Social, and Governance (ESG) principles, aimed at strengthening resilience, improving governance standards, and delivering long-term value across its operations.
The company said its approach reflects a deliberate alignment of expansion goals with responsible underwriting, sound governance frameworks, and disciplined risk management practices.
Amid evolving regulatory requirements and rising stakeholder expectations, Lasaco noted that sustainability considerations are now being embedded into its core business processes to promote stability, transparency, and consistent performance.
Rather than treating ESG as a separate initiative, the insurer stated that it is incorporating governance oversight, compliance, integrity, and performance accountability into its strategic decision-making processes. This, it said, ensures that growth initiatives are supported by prudent financial management, structured risk evaluation, and strengthened internal controls.
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Speaking on the development, the Managing Director, Ademoye Shobo, stressed the importance of aligning business expansion with responsibility and governance.
“Sustainable growth requires discipline, accountability, and structured risk management. We are integrating ESG principles into our strategic framework to ensure that expansion remains supported by strong governance and responsible operational practices,” he said.
Lasaco further disclosed that it is enhancing its compliance architecture, reporting standards, and governance processes in line with industry requirements. The measures, according to the company, are designed to improve operational resilience, ensure regulatory compliance, and strengthen confidence among policyholders, partners, and other stakeholders.
The firm added that through disciplined governance, structured risk oversight, and responsible execution of growth strategies, it is positioning itself to remain competitive, boost market confidence, and deliver sustained value within Nigeria’s insurance sector.
Lasaco Assurance Deepens ESG Integration to Drive Sustainable Growth
Business
8 High-Paying Remote Careers to Pursue in 2026
8 High-Paying Remote Careers to Pursue in 2026
In 2026, the remote job market has matured significantly, with companies now prioritising specialised talent that can operate effectively in digital-first environments. Rather than limiting remote roles to entry-level positions, organisations are actively competing for skilled professionals who can drive innovation, security, and global growth.
Here are eight high-demand careers that offer strong opportunities for well-paying remote jobs in 2026:
1. AI & Machine Learning Engineer
With the rapid expansion of artificial intelligence and generative tools, businesses across sectors such as healthcare, finance, and e-commerce are investing heavily in AI talent. Professionals in this field design, train, and deploy intelligent systems using cloud-based infrastructure.
These roles are fully remote-friendly as they rely on distributed computing environments rather than physical presence.
Average Salary: $140,000 – $220,000+
Key Skills: Python, PyTorch/TensorFlow, MLOps, Large Language Model (LLM) fine-tuning, data modelling.
2. Cybersecurity Analyst / Ethical Hacker
As organisations continue to operate remotely, securing digital assets has become a top priority. Cybersecurity professionals monitor networks, identify vulnerabilities, and prevent cyberattacks using cloud-based security systems.
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The rise in cyber threats has increased demand for specialists who can protect sensitive data across global networks.
Average Salary: $95,000 – $160,000
Key Skills: Network security, cloud security (AWS/Azure), penetration testing, certifications like CISSP or CEH.
3. UX/UI Product Designer
User experience is now a key competitive advantage for digital products. UX/UI designers create intuitive, accessible interfaces for websites and mobile applications, ensuring seamless interaction for users worldwide.
Modern design platforms enable real-time collaboration, making this role highly suited for remote teams.
Average Salary: $85,000 – $150,000
Key Skills: Figma, user research, prototyping, wireframing, interaction design, accessibility standards.
4. Digital Marketing Manager (Growth & Performance)
Digital marketing has evolved into a data-driven discipline focused on measurable growth. Remote marketing managers oversee campaigns across global markets, managing SEO, paid ads, and conversion strategies.
Tools such as analytics dashboards and CRM platforms allow marketers to track performance and optimise campaigns from anywhere.
Average Salary: $75,000 – $130,000
Key Skills: SEO/SEM, Google Ads, Meta Ads, analytics tools (Google Analytics, HubSpot), conversion optimisation.
5. Cloud Architect
As businesses migrate from physical infrastructure to cloud environments, cloud architects design scalable systems that host applications and services. Their work involves configuring cloud platforms and ensuring system reliability.
Since cloud infrastructure is accessed remotely, these roles are inherently location-independent.
Average Salary: $130,000 – $190,000
Key Skills: AWS, Google Cloud, Microsoft Azure, Kubernetes, Terraform, system architecture design.
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6. Remote Project Manager
Managing distributed teams requires strong coordination and communication skills. Remote project managers oversee timelines, deliverables, and team collaboration across different time zones.
They act as the central point of communication, ensuring projects are completed efficiently using digital collaboration tools.
Average Salary: $90,000 – $145,000
Key Skills: Agile/Scrum methodologies, Jira, Asana, Slack, stakeholder management, asynchronous communication.
7. Medical Coder / Telehealth Consultant
The healthcare industry has increasingly adopted digital systems, enabling remote administrative and clinical support roles. Medical coders translate patient records into standardised codes used for billing and insurance purposes.
Telehealth consultants also support virtual patient consultations and healthcare coordination, leveraging secure digital platforms.
Average Salary: $60,000 – $110,000
Key Skills: ICD-10/CPT coding, HIPAA compliance, electronic health records (EHR), medical terminology, healthcare systems.
8. Data Analyst / Business Intelligence Specialist
Data-driven decision-making is central to modern business strategy. Data analysts interpret large datasets to identify trends, optimise performance, and support executive decisions.
With cloud-based analytics tools, professionals in this field can easily work remotely while accessing and visualising data in real time.
Average Salary: $80,000 – $140,000
Key Skills: SQL, Python, Excel, Power BI/Tableau, data visualisation, statistical analysis.
Final Thoughts
Remote work in 2026 is no longer just a convenience—it is a competitive global marketplace. Careers that combine digital skills, cloud technologies, and strong communication abilities are best positioned for remote opportunities.
Building expertise in any of these fields, along with certifications and a strong portfolio, can significantly improve your chances of landing stable, high-paying remote roles.
8 High-Paying Remote Careers to Pursue in 2026
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