Six Tech Startups Chase IPO

August 28, 2020 578

Information Technology

On Monday, August 24, 2020 ,six technology startups filed for initial public offer, IPO. Asana, Snowflake, Unity, Palantir, JFrog, and Sumo Logic, all submitted their S-1s, marking one of the busiest days in history for United States’s Securities and Exchange Commission, SEC filings. With the stock market recovered from its COVID-induced drop in April, tech […]Continue Reading

Emefiele’s Naira Exchange Woes

August 27, 2020 2714

Banking & Finance

By Sanya AdemiluyiGodwin Emefiele governor of Nigeria’s Central Bank, CBN is a man on the spot. Having taken on the economic activist role in recent times ,the CBN governor may also neatly fit into a monetary policy hawk’s description.Needless to say, his economic activism has also led him to take on fiscal policy as part […]Continue Reading

Zenith Bank Sues Stallion Group Founder, Vaswani Over N23.3bn Debt

August 6, 2020 25232

Breaking News

        By Gbenga Ogunbufunmi Zenith Bank Plc has dragged the Chairman/ CEO of Stallion Groups of  companies, Mr. Sunil Vaswani before an Igbosere High Court  Lagos,  State,  over alleged unpaid N23.4 billion debt. Zenith Bank in the suit marked LD/3945GCMW/2020, filed against Mr. Vaswani, was due to his failure or refusal to pay the alleged […]Continue Reading

Climate Financing By Leading Multi-lateral Development Banks Tops $61.6 billion

August 4, 2020 422

Banking & Finance

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totaled $61.6 billion in 2019, of which $41.5 billion (67 per cent) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance. The study expands the scope of reporting for the first time to all […]Continue Reading

NDIC To Shutdown 37 Micro Finance, Primary Mortgage Banks

August 3, 2020 411

News

About thirty seven Micro Finance Banks, MFBs may soon be liquidated officially, according to Ronke Sokefun, Chairman of the Board of directors of Nigeria Deposit Insurance Corporation (NDIC).Sokefun was speaking at a chat with the theme: “A Conversation on Deposit Insurance, Banking Supervision, Failure Resolution and Bank Liquidation in Nigeria,” organized by Babalakin Continue Reading

NCDMB Partners Duport, Eraskon For Energy Park, Blending plant

July 25, 2020 496

Oil & Gas

The Nigerian Content Development and Monitoring Board (NCDMB) has signed equity investment agreements with two companies -Duport Midstream Company for the establishment of an Energy Park in Egbokor, Edo State and Eraskon Nigeria Limited, for the construction and operation of a lubricating oils blending plant in Gbarain, Bayelsa State.The Board’s investments will catalyse Continue Reading