The first bank to meet its demise in 2024 is smaller than its 2023 counterparts. In 2023 we saw Silicon Valley Bank (“SVB”) and First Republic Bank (“First Republic”) fail. The most recent bank to experience a failure bears a striking resemblance – in name only – to one of these banks.
Some Nigerian men need to learn a hard lesson. It's as if they think they can impregnate their wives multiple times and then abandon their children without any guilt or responsibility. They leave the burden of care entirely on the women, expecting their wives, families, and friends to pick up the pieces. This is an irresponsible way of life.
In a whirlwind of romance and celebration, the youngest honorable member of the Ogun State House of Assembly, Prince AbdulRasheed Kashamu, has found his forever love at just 28. This dashing politician has captured hearts not only in his constituency but also in the bustling Lagos social scene with his stunning bride, Patricia Raissa, better known as Tricia.
In the corridors of power in Ogun State, one name stands out as the unsung hero behind the scenes: Dapo Okubadejo. This Harvard-trained financial maestro isn’t just any commissioner; he’s the Commissioner for Finance and Chief Economic Adviser, and his fingerprints are all over the transformative governance of the Gateway State.
In the high-stakes world of banking, few positions come with as much prestige and pressure; such as the role of Managing Director at First Bank of Nigeria Limited.
First Bank, one of Nigeria's leading financial institutions, is grappling with a significant crisis following a major fraud scandal that has led to the dismissal of over 100 employees and prompted an urgent reassessment of its leadership and internal controls.
Accolades and commendations pour in for the debonair Wale Tinubu, the illustrious Group Chief Executive of Oando PLC as he completes a staggering $783 Million acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni, marking the biggest oil and gas deal in Nigeria's history. This monumental deal, valued at a whopping $783 million, is not just a financial triumph; it’s a game-changer for Nigeria’s energy landscape.
FirstBank, in partnership with the Nigerian Conservation Foundation (NCF), has launched a major tree-planting initiative to enhance Nigeria’s vegetation cover.
An Ebonyi State High Court, sitting in Abakaliki, the state capital has ordered the Executive Chairman, Maize Growers, Processors and Marketers Association of Nigeria, Ebonyi State office and Eco Bank Plc to pay N10 million damages in favour of one Nzubechi Okoro for fraudulently using his bank details to obtain loan facility without his consent.
The convener of Zamfara Youth Movement (ZYM) Alhaji Umar Abubakar has commedned the minister of state for defense, Dr Bello Matawalle's N10million donation to the families affected by flood in Bauchi State.