What do you believe is the single most important factor driving up the cost of living in Nigeria?

This was highlighted at its 27th annual general meeting, which was held virtually recently.

The retired directors from the board were Umaru Kwairanga, representing Jaiz Bank; Executive Director of Coronation Merchant Bank Limited, Mrs Funke Feyisitan-Ladimeji and Executive Director of Standard Chartered Bank Nigeria Limited, Mr Dayo Omolokun.

The two new directors appointed by rotation to the board were the Non-Executive Director of TAJ Bank Limited, Mr Jonathan Luka, and the Executive Director of Rand Merchant Bank Limited, Mrs Yetunde Ogunremi.

Also, BDAN Chairman, Mustafa Chike-Obi, noted that the financial performance of the association was on the back of its expanding influence and the effectiveness of its initiatives over the past year.

“The association’s total income performance saw an impressive increase of 138.9 per cent year-on-year compared to 2022 and net assets grew by 13.4 per cent. These significant achievements are a direct result of your unwavering support for BDAN’s strategy and vision,” Chike-Obi told the AGM.

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