What If MMM Is A Fraud?

Joseph Osuji


Nigeria, one of the biggest countries in the globe with a population of over 188 million people living in it, is seen as the giant of Africa and in terms of its economy and human capacity.

With the fall in global oil price, the country which depends majorly on its crude exportation as a means of revenue generation has been hit with what economic analyst would liken to the economic recession that hit Greece few years back. 

According to the National Bureau of Statistics, another 1.5 million Nigerians became unemployed in the first quarter of 2016, and with unemployed rate tripling in the last few months and youth unemployment also rising to 42.24 percent, the country has witnessed a surge of about 15.2 million youth unemployment with a slow in productivity as recorded by in the GDP.

Fidelity Bank, NEPC Inaugurate Zero2Export Project

 As part of its unwavering commitment towards the advancement of the economy, Fidelity Bank Plc, in partnership with the Nigerian Export Promotion Council (NEPC) has formally inaugurated the Zero2Export project.

Specifically designed to provide valuable insights into all processes and structures required to engage in non-oil export business, Zero2Export is a novel capacity-building programme targeted at would-be exporters using a practical handholding approach.

Nigeria Rated Among Top 10 Emerging Markets Of Future

BMI Research, a Fitch Group company and financial market analysis firm, has recently identified 10 emerging markets from the Asian and African region that are set to become new drivers of economic growth over the next ten years, with Nigeria making the top ten listed countries which also includes Bangladesh, Ethiopia, Egypt, Kenya, Indonesia, Myanmar, Pakistan, Philippines, and Vietnam.

The report says that construction and manufacturing will play an important role in driving the economies of these countries.

Mining and Gas industry will play a far smaller role than it has in the past years. While the commodity-driven model is not expected to make a comeback.

$14 Billion Dangote Refinery: Togo President Arrives Nigeria For A Visit

Togo’s President, Faure Gnassingbe, is expected to be in Lagos, Nigeria for a visit to the $14 billion Dangote Refinery. The President, accompanied by Togo’s top government officials, will be received by Lagos State Governor, Akinwunmi Ambode, and other delegates and is expected to be taken round the refinery by founder and multi-billionaire, Alhaji Aliko Dangote, with a view of possible partnership and investment with the West African country.

The Dangote Refinery is projected to refine about 65,000 barrels of crude oil per day and is tipped to be among the biggest refineries in the world.

Good performance, Lafarge Africa optimistic of Growth Amid Tough Economy

The Chief Executive Officer, Lafarge Africa Plc, Michel Puchercos, has said that in spite of the macro-economic challenges and market uncertainties, his company will continue to deliver good performance.

  

He said this while commenting on the company’s half-year result, which showed that Lafarge Africa Plc, a cement and building solutions provider, recorded sales of N107 billion in the first half of 2016.

Interpol Arrests Ringleader of Global Scamming Network

A man accused of scamming $60 million from companies around the world through fraudulent emails has been arrested after months of investigation.

The ringleader of a global scamming network, identified only as 40-year-old Mike, was arrested along with a 38-year-old accomplice in Nigeria's oil capital, Port Harcourt, in June, the statement said. He is on administrative bail, which implies that officers do not yet have enough evidence to charge him.

The man is accused of leading a network that compromised email accounts of small and medium-sized businesses around the world including in the United States, Australia, India, South Africa and Thailand. The statement didn't name any targets.

Former Super Eagles Coach, Stephen Keshi Dies At 54

Former coach of the Super Eagles, Stephen Okechukwu Keshi, is dead, his family has announced.

The deceased announced his death stating that he died of Cardiac arrest in the early hours of Wednesday June 8 2016.