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Tag Archives: Business Gist

CBN

We’re addressing recession with wrong tools —CBN

According to Moses Tule, the Director of Policy of the Central Bank of Nigeria, the on-going economic recession has persisted owing to application of wrong prescription by non-professionals, reports Vanguardngr. His words: “Some came in as doctors into the macro-economic ...

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CBN

CBN distances self from alleged moves to jail forex holders, seize Dollar accounts

The Central Bank of Nigeria (CBN) has distanced itself from reported plans to amend the Foreign-Exchange Act to provide for the imprisonment of anyone who holds foreign currencies, particularly the United States dollars, for more than 30 days. The apex ...

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russian mmm scammer

Meet The Russian Scammer Behind MMM Ponzi Scheme In Nigeria & S.Africa

If you have invested a fortune in this ponzi scheme particularly in Nigeria using bitcoin or transferring money via your bank account, please stop it from now on or if you have received your first payment, just stop investing please. Be ...

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Yoruba: Ní ọjọ́ wo ní a má bọ́ ní oko ẹrú? .. see the English meaning

English: When shall we gain our freedom from enslavement? thepanafrican We are tired of being tired worldwide, Marcus Garvey told us that that they are some of us that look like us but do not care about us. Why do ...

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dangote

Dangote Backs Adeosun, Says No To IMF Loan.

Aliko Dangote, Africa’s richest man, is in support of Kemi Adeosun’s stance that Nigeria should not consider obtaining a loan from the International Monetary Fund (IMF). Speaking at the IMF spring meeting in April 2016, Adeosun had desribed Nigeria as ...

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unity bank

Unity Bank sacks 215 workers, immediately after the Sallah break

Most of those sacked were branch managers and senior staff. A source, said: “There were no signs that such action was contemplated before we proceeded on the Salah break.   But we came in this morning (yesterday) strategising on how to ...

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sanusi

Many Seemingly Rich Nigerians Are Bankrupt – Emir Sanusi

sanusilamidosanusi: I am Chairman of a company called Black Rhino. By the way, I don’t have a kobo in that company, but I am a Chairman. This short man who owns black stone said to us: “Gentlemen, here is $5 billion ...

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business to invest in nigeria

What Can Nigeria Do Today To Turn Around This Economic Mess Within 5 Years?

what can Nigeria do today, I mean start right now, that will produce sufficient dividend to turn around this economic mess within 5 years? I see nothing, do you? ……….Ezekwe Gregg, You ask a very valid question that should actually ...

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demolition notice

Business Owner Cries Out After Getting A 24-hour Demolition Notice

chloescupcakeheaven: So in the wake of the demolition of @nulijuice and other small business trying to make a difference in our economy, we got this marked on our wall today with a lot of officials and soldiers in tow. This ...

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$309Million Flows Into Nigeria’s Forex Market In One Trading Day

The Nigerian foreign exchange market recorded an inflow of $309 million on Monday — a considerable surge from Friday’s transactions. Bola Onadele, head of market regulator, FMDQ OTC securities exchange,told Reuters that the trade included one $270 million transaction at ...

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