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Category: Economy

Economy

Panic as MMM cancels requests for payment

Iheanyi Ejiofor January 17, 2017

Chidi Tony Nigerians participants of the Ponzi scheme MMM are getting increasingly frustrated with the schemes gimmicks four days after resumed operations. This followed the removal of all requests for…

Read More Panic as MMM cancels requests for payment
Economy

World’s 8 Richest Have as Much Wealth as Half The World, Oxfam Says

Iheanyi Ejiofor January 17, 2017

Clockwise from top left: Bill Gates, Amancio Ortega Gaona, Warren E. Buffett, Carlos Slim Helú, Jeff Bezos, Mark Zuckerberg, Lawrence J. Ellison, Michael R. Bloomberg.CreditNYT; Reuters; Reuters; Reuters; Getty; European…

Read More World’s 8 Richest Have as Much Wealth as Half The World, Oxfam Says
Business Economy

Heritage Bank sacks 400 staff

Iheanyi Ejiofor January 17, 2017

Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. According  to Investigations carried out by the News Agency of Nigeria (NAN) and  indications are…

Read More Heritage Bank sacks 400 staff
Economy

Exclusive: FG to refund N75 bn to Akwa Ibom state

Iheanyi Ejiofor January 16, 2017

Chidi Samuel All things being equal, the Federal government will in the coming weeks refund the first instalment of seventy five billion naira, being slightly over fifty percent of the…

Read More Exclusive: FG to refund N75 bn to Akwa Ibom state
Economy

Nigeria’s GDP will grow by 0.8% in 2017- IMF

Iheanyi Ejiofor January 16, 2017

Ebun Francis The the International Monetary Fund (IMF) is projecting that Nigeria’s gross domestic product (GDP) will grow by 0.8 percent in 2017, according to a report it released on Monday.…

Read More Nigeria’s GDP will grow by 0.8% in 2017- IMF

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