Templates by BIGtheme NET
Home / Business (page 2)

Business

Investors stranded as MMM reopens

mmm-nigeria-lagos-295x300

Mavrodi Mondial Moneybox, a Ponzi scheme known simply as MMM, on Friday opened for business after one month of break, but investors in the scheme have remained stranded as they still cannot access their funds. MMM had announced the resumption on its Twitter handle, saying it was “now open” even though it had initially promised to reopen today, Saturday, January ...

Read More »

Airlines record huge patronage on S-East, S-South routes

arik-air-1

Domestic airlines are recording huge patronage on some local routes as most aircraft designated to fly from Lagos and Abuja airports to the South-east and South-south are fully booked on their economy class. But the trend, occasioned mostly by a huge passenger turnout which overwhelmed the few aircraft in the fleet of most airlines, comes with its attendant hardship and ...

Read More »

Vehicle import restriction: Dealers, agents in last minute rush to beat deadline

images (2)

Seme and Idi Iroko land borders are buzzing with increased commercial activities as many vehicle importers, agents and dealers in Abuja, Lagos and other parts of country have literally relocated to the two major land frontiers to clear what may be described as the last batch of imported vehicles before the expiration of the December 31, 2016, deadline given by ...

Read More »

NCC: MTN pays N80bn fine to FG –Minister

MTN Nigeria

The Federal Government says MTN had paid N80 billion of the N330 billion fine imposed on it for failing to deactivate more than five million unregistered SIM cards. This means that the telco is still owing Nigerian government about N250 billion out of the total sum agreed following the infraction. Adebayo Shittu, Minister of Communications, who disclosed this at a ...

Read More »

Businessman arrested for N165m forex scam

The suspect

A businessman, Saheed Audallahi, has been arrested by the Special Fraud Unit of the Nigeria Police Force for allegedly defrauding a Chinese company of N165, 480,000.  According to the police, the suspect defrauded JI Chu Industries Nigeria Limited of the sum under the pretext of changing it to its dollars equivalent. The policemen at the Milverton, Ikoyi office of the ...

Read More »

Panic as MMM freezes three million Nigerians’ accounts

MMM_logo

Popular money-doubling scheme, Mavrodi Mundial Moneybox, better known as MMM, has placed a one-month ban on all withdrawals starting from December 13. The development, which occurred a day after the Founder, Sergey Mavrod, said MMM had done a lot to improve the welfare of Nigerians, sparked fears among many Nigerians that the Ponzi scheme had crashed. A letter displayed on ...

Read More »

Gunmen attack bank, steal millions in Imo

Armed Robbery Logo

Armed robbers on Friday invaded a branch of First Bank Plc located at Amaraku Main Market in Isiala Mbano Local Government Area, Imo state, stealing millions of naira. The attack, which was said to have started at about 2:30 pm, lasted one hour and 30 minutes. An eyewitness told our correspondent that over eight gunmen, who were said to have ...

Read More »

CBN commits N23b to Anchor Borrowers’ Programme

CBN-Governor

The Central Bank of Nigeria (CBN) has invested N23 billion to the Anchor Borrowers’ Programme (ABP), the CBN Governor, Godwin Emefiele, has said. Speaking  Friday at the ongoing eighth Bankers’ Committee Meeting in Lagos, he explained that the ABP, launched in 2015, was an innovative way of improving access to finance for farmers and manufacturers. Together with other initiatives like ...

Read More »

Naira stabilises at N485 per dollar at parallel market

Merits-and-demerits-of-student-bank-account

The Naira on Friday remained stable at the parallel market, exchanging at N485 to a dollar. The Pound Sterling and the Euro closed at N602 and N515, respectively. At the interbank market, the Naira also remained stable at N305.50 to a dollar. Trading at the Bureau De Change window saw the Naira sold at N399 to a dollar, CBN controlled ...

Read More »

FG bans vehicles importation through land borders

Used-cars-768x512

The Federal Government took importers of vehicles by surprise Monday when it banned the importation of vehicles through the land borders with effect from January 1, 2017. However, the announcement has since elicited reactions from Nigerians. While some condemned the policy, others hailed the move. However, stakeholders in the maritime industry yesterday  hailed the ban, but they pleaded with the ...

Read More »

ăn dặm kiểu NhậtResponsive WordPress Themenhà cấp 4 nông thônthời trang trẻ emgiày cao gótshop giày nữdownload wordpress pluginsmẫu biệt thự đẹpepichouseáo sơ mi nữhouse beautiful