Section
322 stories from 2016 to 2025.
Page 16 of 17
The naira is set to witness another round of decline against the dollar in the days ahead as expected increase in dollar flows from Nigerians living abroad coming home for holidays fell short of expectations. The local…
It is no longer news that on December 12, Operators of MMM in Nigeria froze mavros on MMM stating that its action was due to panic and heavy anti-MMM reports by the Nigerian media. Now, here are 7 solid reasons you…
The Ponzi scheme (MMM) which has gained maximum attention in major countries in Africa is under fire by the Nigerian media to have allegedly crashed and carted away with billions of Naira owned by vulnerable Nigerians.…
The leadership of MMM Nigeria has released an official statement as regards the freezing of active accounts of users to protect the fragility of the Ponzi Scheme during the yuletide. As subscribers of the controversial…
A federal lawmaker, Hon. Samaila Suleiman has been accused of bridging his contract with the bank. In a letter to the Speaker of the House, Yakubu Dogara, GTBank described the lawmaker as a dubious character who took a…
Popular ponzi scheme Mavrodi Mondial Movement, popularly known as MMM has frozen the accounts of its members. This development means that no participant will be able to Get Help from the platform until January. This was…
Founder of Mavrodi Mundial Movement (MMM), Sergey Mavrodi, has written an open letter to the Federal Government, accusing President Muhammadu Buhari led administration of unpaid salary arrears to civil servants in the…
MMM has introduced a new a scheme of benefits for its members this yuletide READ STATEMENT: In 2016 the MMM Community united millions of people in Nigeria. Regardless of their age, social status, ethnicity or…
One of Nigeria's leading financial institutions, Access Bank has warned its customers to be careful of any deposit money institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC) In a letter…
In another boost to the Nigerian economy, the board of the African Development Bank (AfDB) has approved the sum of $600 million to support the Nigerian economy. This was revealed by the President of AfDB, Dr. Akinwumi…
One Pastor Ernest Chigozie Mbanefo, a Nigerian, has been revealed as the mastermind of the suspected Ponzi scheme known as MMM Nigeria. The man is reportedly based in South Africa. Nigerian Communications Week, NCW,…
The Federal Government of Nigeria has finally stood up against the circulating business network, MMM and ready to put an end to its operations. Managing director of the Nigeria Deposit Insurance Corporation (NDIC)…
A new report from (IMF) has projected Nigeria as Africa’s biggest economy,in spite of its current challenges. Nigeria is placed ahead of South Africa and Egypt which are second and third respectively. In August, Nigeria…
Nigerian minister of information and culture, Alhaji Lai Mohammed has said that despite the challenges the nation is currently going through in view of the prevailing economic recession, those who believe in the country…
Thousands of people, among them civil servants and vendors, have lost thousands of dollars to fraudulent online pyramid scheme MMM Global Zimbabwe after it collapsed recently. The social financial network, which relied…
MTN Nigeria has sacked over 1000 Customer Care Representatives (CCRs) attending to High Value Customers in Lagos, Kano, Ilorin and Kaduna call centres. The vendor in charge of the call centres, Communication Network…
The naira sustained its decline on the parallel market as it slipped to N445 to the dollar yesterday, lower than the N440 to the dollar it closed on Friday as pressure and activities of speculators continued to hurt the…
Guinness Nigeria Plc on Tuesday reported a loss for the year that ended June 30, 2016. The document filed with the Nigerian Stock Exchange (NSE) revealed that turnover declined by 14 percent from N118.49 billion…
The Central Bank is pushing ahead with diversification agenda, offers farmers cheap loans of 1.99 billion in an effort to speed up economic recovery and diversify the economy, according to a CBN report. The report…
How can Nigeria revive her economy? The Federal Government should pump money into infrastruture development, which will create more jobs and boost liquidity, economists and private sector players said yesterday. The…
