With up to three million Nigerians exposed to losses due to their “investment” in MMM, there are fears that the suicide rate in the country might rise. Following the collapse of MMM in Russia in […]
This generation of pharmacists and pharmaceutical industry managers face an historic task. This historic task is how to take advantage of the current challenges of economic recession, scarcity of forex for drugs and raw material […]
Sergey Mavrodi, founder of MMM, has written an open letter to the Nigerian government to justify the importance of the popular Ponzi scheme. The News Agency of Nigeria (NAN) reports that the letter was displayed […]
THE Federal Government is set to abolish the policy of the Central Bank of Nigeria, CBN, regarding the 41 items exempted from foreign exchange market in its newly released 2017 Fiscal Policy Roadmap The policy […]
Hypertension awaits you when Ponzi scheme crashes—Antagonist You’ll grow old waiting for it to crash — Supporter A SPECIAL report by Sunday Vanguard on the popularity of famous money-doubling scheme, Mavrodi Mundial Moneybox,MMM, among Nigerians, […]
MMM, Ultimate Cycler, Golden Circle, Healing Hands etc are now dotted across the lands as this is the new ploy to institute wealth redistribution by borrowing from Peter to pay Paul. And the entropy of […]
Ford Motor Co. was a target of Donald Trump’s criticism on the campaign trail for building cars in Mexico, and now that Trump will be president, Ford said it’s willing to work with him to […]
ABUJA— The on-going economic recession has persisted owing to application of wrong prescription by non-professionals, the Director of Policy of the Central Bank of Nigeria, CBN, Mr. Moses Tule, has contended. The CBN chief spoke […]
The Central Bank of Nigeria says the naira has lost about 85 per cent of its value in the last two years and there is a need for risks managers in banks to be on […]
The Naira has come under fresh pressure in the parallel market having depreciated to N473 per dollar following the decision of the Central Bank of Nigeria (CBN) to slash dollar sales to Bureaux De Change […]
If the new monies pumped into the economy have not driven increases in output or productivity, did they simply run after the dollar, pushing up domestic prices in the process? If the answer to this […]
When OPEC exempted Nigeria from its plan to cut oil output for the first time in eight years, it highlighted how far Africa’s biggest producer has fallen. From January to October, just over three wells […]
On the teeming streets of Lagos, the Nigerian mega-city of 15 million people, the once omnipresent money-changers are going underground. They’ve become the latest target of authorities desperate to bolster the naira and crush a […]
The Central Bank of Nigeria, CBN, has given access to about 7,792 requests for foreign exchange valued at over $867 million to manufacturers and other strategic actors in the Nigerian economy, according to a statement. […]
On the teeming streets of Lagos, the Nigerian mega-city of 15 million people, the once omnipresent money-changers are going underground. They’ve become the latest target of authorities desperate to bolster the naira and crush a […]
Nigeria’s central bank left its main lending rate unchanged for a second consecutive meeting as it tries to balance the needs of an economy that’s shrunk every quarter this year with an inflation rate that’s […]
An interview format is adopted in this article to examine the recent raid by operatives of the Department of State Services on Bureau de Change operators. Please read on: What is your opinion on the […]
Recall that House of Representatives has warned Nigerians to desist from investing in the Mavrodi Monrodi Moneybox scheme popularly known as MMM or risk loss of their funds.
Despite the call by Nigeria’s House of Representatives for the country’s financial regulator and law enforcement agencies to crack down on pyramid financial scheme called MMM, members of the community across the country have celebrated […]
The State Security Service has arrested about 40 Bureau de Change operators in Kano for allegedly selling foreign currencies above the official rates. An official of the Alamant Bureau de Change Association in Kano, Abdulhamid […]
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