Paper money or fiat currency is still the greatest innovation conceived by man. Imagine Nigeria being some type of human zoo of sort that still trades by barter. If we import loads of Apple’s iPhone […]
Mastercard has un-veiled fraud management solution named Decision Intelligence (AI). The solution, it said, would use artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false […]
In a bulletin containing the FDC’s economic outlook for 2017 released on Wednesday, Rewane predicted that the naira would trade at N350/dollar at the Interbank Foreign Exchange Market and depreciate to N520/$ at the parallel […]
MMM Nigeria, the most popular Ponzi scheme in Nigeria, is preparing to resume operations after freezing the accounts of its participants in mid-December. The scheme, via its website, asked participants, whose accounts were frozen, to […]
…I personally will not set store on foreign investors taking a country like ours out of the socioeconomic woods we find ourselves. For the Portfolio investors who love to play in our capital markets, we […]
The only way for Nigeria to avoid the impending collision with these consequences of the lack of virtues is to begin to raise an alarm right now. We need to begin to give our young […]
The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP. The naira was said to have lost 36.68 per cent of its spot returns for […]
The success of LAKE rice is very instructive. It shows Ambode as a thinking governor who had a vision and worked towards its realisation. Governor Ambode knew that with the skyrocketing price of foreign rice […]
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has lost 32 per cent of his wealth, according to the Bloomberg Billionaires’ Index. Bloomberg reported on Wednesday that Dangote lost $4.9bn or one-third […]
The Nigerian Civil Aviation Authority (NCAA) has issued a N6million fine to Arik Air Limited for contravening the provisions of the Nigerian Civil Aviation Regulations (Nig.CARs). The agency also ordered the airline to pay its […]
I have read with deep concern, the various accounts shared by many Nigerians on their sad experiences on the Mavrodi Mundial Moneybox Ponzi scheme that has created a lot of apprehension and uncertainty in the […]
In a video of sermon, posted on Instagram by @Kintoncod, showed Pastor Johnson Suleman telling his followers that any of them involved in MMM should raise his hand and subsequently come forward for deliverance. PremiumTimes
I personally think that getting involved in get rich quick schemes is much more dangerous than robbing a bank or robbing cars on the highways. The reason is because when someone attacks you in the […]
Over and over again, we have been admonished not to make fun of poor folks who were dupes of the now faltering Ponzi scheme, MMM. We have been enjoined to be empathic, to spare those […]
Mavrodi knew that his scheme, like all other pyramid schemes, was bound to fail. Hence he was giving himself a soft landing through that letter to say, if this fails, I am not the one […]
The Federal Government of Nigeria has explained how its new policy on whistle blowing will work. The policy aims to encourage Nigerians to report financial and other related crimes to relevant authorities. The Government released […]
A lot of you think you are not doing anything wrong by participating in MMM. You think you are better than the armed robbers, thieves and corrupt politicians, but you are actually doing the same […]
Qatar National Bank (QNB) has increased its stake in Ecobank Transna-tional Incorporated (ETI) by more than 60 per cent in the past two years. The investment has earned Qatar National Bank the largest single shareholder […]
Irked by what he described as bad press against the wonder-bank, Mavrodi Mundial Movement, MMM, its founder, Sergey Mavrodi, has written an open letter to Nigerian journalists, “analysts” and all kinds of “experts” who according […]
Nigeria has had a history of “wonder banks” offering clients unbelievable returns on their money, and in the 1980s and 1990s, the government had banned such banks and closed their operations. Is it because MMM […]
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