Dilemma X

African American owned bank taken over by Indian American owned bank Seaway Bank and Trust was closed on January 27, 2017, by the Illinois Department of Financial and Professional Regulation, Division of Banking, and the Federal Deposit Insurance Corporation was appointed as receiver. BUSINESS WIRE DALLAS, TX- State Bank of Texas (SBT)—a $740-million asset bank […]

Update: February 14, 2017 Angola displaces Nigeria to become Africa’s top oil producer – OPEC Angola has taken over from Nigeria as Africa’s top oil producer, according to a report by the Organization of Petroleum-Exporting Countries (OPEC). OPEC’s Monthly Oil Market Report (MOMR) released on Monday disclosed that Angola’s current production was at 1.651 million […]

Africa: Angola’s President Jose Eduardo dos Santos says he will not run for re-election after 38 years Angola had been the largest oil producer in Africa. OPEC figures show that Nigeria is regaining its status as Africa’s top oil producer. Al Jazeera Angolan President Jose Eduardo dos Santos, Africa’s second-longest serving leader, has confirmed he […]