Category Archives: Business And Money

Finally, AMCON Sells Keystone Bank

AMCON has finally sold the cash-trapped Keystone Bank to a consortium after issues of financial distress and heavy debts.   The Asset Management Corporation of Nigeria (AMCON) on Monday announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank consortium) as the new investors that have acquired the entire issued and fully paid up ordinary… Read More »

CBN Moves to Check Forex Abuse in Banks

The apex bank of Nigeria will be monitoring the issuance of foreign exchange by the commercial banks to the general public to prevent incidents of abnormalities. The Central Bank of Nigeria (CBN) has deployed mystery shoppers to commercial banks to guard against foreign exchange abuse by the lenders, The Nation reports. The CBN, Fidelity Bank Plc Managing Director… Read More »

CBN Injects Another $100 Million Into Forex Market

The Central Bank of Nigeria, CBN, on Thursday intervened in the inter-bank foreign exchange market for the fifth time in three weeks by offering $100 million for wholesale requests. Out of the total offering, CBN spokesperson, Isaac Okorafor, said about $70 million was sold to meet requests for business/personal travel allowances, BTA/PTA. Since the commencement of the intervention… Read More »

Again Naira Falls, Sells At N465 Per Dollar

Again Naira falls, sells at N465 per dollar ON MARCH 3, 20179:26 PMIN NEWSCOMMENTS The Naira on Friday depreciated against the dollar at the parallel market after posting days of appreciation. The nation’s currency lost N7 to exchange at N465 to a dollar after closing at N458 on Thursday, while the Pound Sterling and the Euro traded at… Read More »

Step by step guide on how to get started on Five2btc

Summary Of The Steps Involved In Getting Started. 1. Open your Bitcoin wallet account with block chain here=> 2 Fund your Bitcoin wallet account here=> 3. Register your Five2BTC account here with this link as your sponsor=> 4. Make sure you copy the contact details of your sponsor and keep it safe somewhere once you complete your… Read More »

Nigeria Ranks 19th Among 30 Nations in Retail Investment

Nigeria’s retail sector has improved tremendously under President Muhammadu Buhari despite the economic recession.   Despite the economic recession, the Global Retail Development Index says Nigeria’s retail sector made a national sale of N38tn ($125bn) in 2016. The country also ranked 19th out of the 30 top developing countries for retail investment, based on all relevant macroeconomic and… Read More »

How To Buy Bitcoin

If you reside in Nigeria, CLICK HERE to buy Bitcoin and fund your wallet For Five2btc Follow The Procedure Below To Buy Bitcoin and Fund your Bitcoin wallet for Five2btc From Anywhere In The World… If you want to join Five2btc, you need 23 USD which is equivalent to 0.011btc in my country. You need to fund your wallet… Read More »

MMM Dumps Naira, To Use Bitcoin

MMM Nigeria says it has introduced Bitcoin, said to be the world’s best performing currency in 2016, as part of its mode of payment in its comeback plans. The Ponzi scheme, which froze accounts of its three million participants on December 13, 2016, is preparing to return, and it is throwing up a number of plans to get… Read More »

MMM Releases 2017 Rules Ahead Jan. 14

The controversial Ponzi Scheme, Mavrodi Mondial Moneybox is undergoing a restructuring process ahead of the unfreezing of accounts in 10 days time.  As it may probably unfreeze accounts of its users on January 14, Mavrodi Mondial Movement (MMM) ponzi scheme has released 2017 guidelines for the Nigerian participants. According to reports, MMM programmers are working earnestly with a… Read More »

Oil, Stocks, Naira Tumbles On First 2017 Trading Day

The key indexes of crude oil, stocks and naira for brighter economy for Nigeria started the 2017 trading day on a negative note, figures have shown. The much-talked about crude oil price started on a positive note yesterday where it rallied to its strongest level in 18 months at $58.15 a barrel in the first hours of trading,… Read More »