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...]
CBN governor starts to recover ransom for his wife paid to kidnappers (See how much)
Investigations into the high-profile kidnap of the wife of Godwin Emefiele, the Central Bank of Nigeria Governor have revealed two Nigerian military collaborators carted away with millions of naira as spoils of the crime. Two soldiers, Lance Corporals Musa Maidabra and Edwin George, serving at … [Read more...]
Dismissed Military officers and herdsmen arrested in connection with CBN Governors wife Kidnap
Six other suspects were earlier arrested by police, following a directive from the Inspector General of Police, who deployed reconnaissance helicopter, sniffing dogs and men to Delta and Edo states. Now, dismissed personnel and two officers have been arrested by operatives of the Inspector General … [Read more...]
Read what CBN governor said about his wife and how much was paid for ransome
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has spoken after his wife was released. Emefiele spoke on Saturday to newsmen after the gallant efforts of the Nigerian police helped in rescuing his wife at Ugoneki near Benin City late Friday. Expressing his joy he said: “I am grateful … [Read more...]
Ope oh! CBN governors wife has been released by abductors
Margaret Emefiele, the wife of CBN governor, Godwin Emefiele, has been released. Margaret who was abducted by heavy gunmen on Thursday along the Benin Agbor expressway, was released at the early hours of about 1am. According to unconfirmed sources, it was learnt that a ransom was paid for … [Read more...]
CBN governors wife nabbed by kidnappers in Benin-Abgor road
Reporters gathered that a group of heavily armed kidnappers yesterday abducted Margaret Emefiele, the wife of Nigeria’s Central Bank Governor, Godwin Emefiele. A source close to Mr. Emefiele told our correspondent that Mrs. Emefiele was kidnapped along the Benin-Agbor Road. Our source disclosed … [Read more...]
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