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First Bank crisis: Why elephants don't do breakdance

First Bank crisis: Why elephants don't do breakdance
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United kingdomAlfred lewis jonesAlhaji arisekolaOba otudekoSanusi lamidoSola adeduntanOtunba oba otudekoInternational oil companies iocsFirst bank plcCentral bankCooperative bankAsset management companySupreme courtFirst bankStanbicibtc bankStandard chartered bank

First Bank Crisis: Why Elephants Don't Do Breakdance, By 'Tope Fasua

ADVERTISEMENT Godwin Emefiele, governor of Central Bank of Nigeria (CBN) leading the response to the country’s dollar shortage. With the move by the CBN, we pray First Bank finds some peace. But more generally, we hope that our smart people who run banks will understand the sheer enormity of the licenses they hold and never get it into their heads to throw it all away in some flight of fancy. Founded by the proprietor of Elder Dempster Agencies, Alfred Lewis Jones in 1894, the British Bank of West Africa was meant to facilitate the importation of silver currency into the region, where Jones held a monopoly. The bank therefore had a clear historical and business advantage from the beginning, with the imprimatur of the British crown, which held sway over half of the world in its colonial supremacy. The world hadn’t cavorted into a needless war yet at that time. The sun was deemed never to set on the Empire. BBWA was the clear standard for banking in the West African region and b

United kingdomAlfred lewis jonesAlhaji arisekolaOba otudekoGodwin emefieleSola adeduntanSanusi lamidoOtunba oba otudekoFirst bank plcPt mag campaignCentral bankAbundant nigeria renewal partyCooperative bankAsset management companySupreme courtFirst bank

First Bank Crisis - Why Elephants Don't Breakdance - by Tope Fasua - NigerianMuse

FIRST BANK CRISIS – WHY ELEPHANTS DON’T DO BREAKDANCE By Tope Fasua April 29, 2021 Founded by the proprietor of Elder Dempster Agencies, Alfred Lewis Jones in 1894, the British Bank of West Africa was meant to facilitate the importation of silver currency into the region, where Jones held a monopoly. The bank therefore had a clear historical and business advantage from the beginning, with the imprimatur of the British crown which held sway over half of the world in its colonial supremacy. The world hadn’t cavorted into a needless war yet at that time. The sun was deemed never to set on the Empire. BBWA was the clear standard for banking in the West African region and beyond. An acquisition by Standard Bank in 1965 led to a name change, and later, as Nigeria’s military leaders decreed the indigenization of all foreign-owned companies, the bank had to change nomenclature to First Bank of Nigeria in 1979. It is interesting to note that by then, Standard Bank had already becom

United kingdomAlfred lewis jonesAlhaji arisekolaOba otudekoSanusi lamidoSola adeduntanOtunba oba otudekoInternational oil companies iocsFirst bank plcCentral bankCooperative bankAsset management companySupreme courtFirst bankStanbicibtc bankStandard chartered bank

Gas flaring; the dilemma of value destruction

Last year, the global demand for energy dropped triggering a significant decline in crude-oil, prices, a major source of foreign exchange receipt for Nigeria. Amid the drop was a temporary respite for the global ecology. Considering that exploration activities had to be tapered by 8.0% to manage the supply glut and prices, gas flaring activities according to the world bank report on gas flaring for 2020 also reduced 5.0% y/y, globally. Annually, large amounts of carbon emission are released into the atmosphere leading to global warming and other environmental degrading concerns. The United Nations Framework Convention on Climate Change (UNFCCC) was organized due to a global realization that global ecology is being degraded from sustained carbon emissions. The conception and establishment of the convention has continued to get Nations of the world to commit to reduced carbon emission and has given rise to the Kyoto protocol as agreed in Japan on 11 December 1997 before coming into f

United kingdomAlfred lewis jonesAlhaji arisekolaOba otudekoSanusi lamidoSola adeduntanOtunba oba otudekoInternational oil companies iocsFirst bank plcCentral bankCooperative bankAsset management companySupreme courtFirst bankStandard chartered bankStandard bank