The success story of the money doubling group, MMM, turned really sour yesterday after the Nigeria House of Representative declare the infamous “GET HELP” platform illegal and order immediate arrest of the MMM promoters in Nigeria. The group through its official twitter handle (@mmm__nigeria ) … [Read more...]
Oh no! Recession wahala pushes another manufacturer out of Nigeria, leaving thousands jobless
So sad! Another indigenous local tomato paste company, one of the leaders in Manufacturing, Erisco Foods Limited, has made good its threat of shutting down the $150bn plant and relocating its manufacturing base to a location outside Nigeria according to Today.ng. The Chief Executive Officer, … [Read more...]
CBN reveals details about MMM scam, warns Nigerians
The Central Bank of Nigeria on Monday again warned Nigerians against patronising what it called ‘wonder banks, stating that their activities were not regulated by it. The Head, Consumer Protection Department, CBN, Hajiya Kadija Kassim, stated this during a mentoring programme for students of the … [Read more...]
At last! Naira is making steady increase in value (See new rate)
The Nigerian Naira is on a shortcut to impressive recovery against the dollar following the issuance of license to Travelex which is currently dealing with the black marketers despite the CBN banning banks from selling foreign currencies. These are the currency exchange rates for today, … [Read more...]
You can’t sack anyone – CBN tells banks
Bank staffs have a lot less to worry about as the Bankers Committee yesterday stopped retrenchment by banks. Central Bank of Nigeria (CBN) Director, Banking Supervision, Tokunbo Martins, told reporters after the Lagos meeting, that bank workers who had been living in fears over the possibility of … [Read more...]
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