Finance & Economy - Page 149

FULL LIST: How 18 U.S Banks Failed In 5 Years – Questions For Nigerian Banks

After two major banks failed in just two days (between March 10 and March 12), the U.S Federal Deposit Insurance Corporation (FDIC) on Monday updated its list of failed banks and added

Uduegbunam Chukwujama

2 years ago

Concerns For Nigerian Tech Companies As 2 Big U.S Banks Fail In One Week

Business·Finance & Economy·Latest News·Tech News

Concerns For Tech Startups As 2 Big U.S Banks Fail In One Week

African and Nigerian tech start-ups could be affected by the wildfire of banking collapse in the United States of America. At least two big banks – Silicon Valley Bank (SVB) and New

Uduegbunam Chukwujama

2 years ago

Business·Finance & Economy·World News

Signature Bank Falls: U.S Records Third Largest Bank Failure In History

The United States banking sector recorded its third largest failure in history on Sunday when state regulators closed New York-based Signature Bank two days after authorities shuttered Silicon Valley Bank in a

Uduegbunam Chukwujama

2 years ago

Seplat Shareholders Demand Sack Of CEO, Board Amid Legal Fees Controversy

Business·Oil & Gas

Seplat Appoints Samson Ezugworie To Replace CEO, Roger Brown

Seplat Energy has appointed the company’s Chief Operating Officer, Samson Ezugworie, as its interim Chief Executive Officer, pending the determination of a court case against Roger Brown. Prime Business Africa previously reported

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

NCDMB, BOI Launch $50m Fund For Oil Industry Manufacturing

The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry on Wednesday in Lagos launched a $US50 million dollars fund for NOGAPS Manufacturing Product Line. The fund is to incentivize

PBA Reporter

2 years ago

Business·Oil & Gas

Court Restrains Roger Brown From Operating As Seplat CEO Amid Racism Allegation

A Federal High Court in Lagos State presided by Justice Chukwuejekwu Aneke, has ordered Roger Brown to vacate his Chief Executive Officer (CEO) position at Seplat Energy Plc. This was in response

Fakoyejo Olalekan

2 years ago

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria earned at least $104.58 million daily from crude oil in February 2023, as Africa’s largest oil producer pumped 1.3 million barrels per day. The 1.3 million barrels produced daily last month

Fakoyejo Olalekan

2 years ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Official Market’s Dollar Rate Falls, Projected To Rise After Presidential Election

The Dollar rate in the Investors and Exporters (I&E) window of the official market closed down at N461.25 on Wednesday, 8 March 2023. According to data from FMDQ Securities, the exchange rate

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Seplat Energy Defends CEO, Roger Brown, Amid Series Of Allegations

The board of directors, Seplat Energy Plc, have thrown their weight behind the company’s Chief Executive Officer, Roger Brown, after a series of allegations made against him by the Federal Government. In

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

FG Accuses Seplat CEO, Roger Brown, Of Racism, Withdraw His Visa

The Federal Government has revoked the work permit, visa, and residence permit of the Chief Executive Officer (CEO) of Seplat Energy Plc, Roger Brown. Nigerian government said Seplat workers accused Brown of

Fakoyejo Olalekan

2 years ago

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Finance & Economy - Page 149

FULL LIST: How 18 U.S Banks Failed In 5 Years – Questions For Nigerian Banks

Signature Bank Falls: U.S Records Third Largest Bank Failure In History

Seplat Appoints Samson Ezugworie To Replace CEO, Roger Brown

NCDMB, BOI Launch $50m Fund For Oil Industry Manufacturing

Court Restrains Roger Brown From Operating As Seplat CEO Amid Racism Allegation

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Official Market’s Dollar Rate Falls, Projected To Rise After Presidential Election

Seplat Energy Defends CEO, Roger Brown, Amid Series Of Allegations

FG Accuses Seplat CEO, Roger Brown, Of Racism, Withdraw His Visa

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