Business

The Ponzi scheme is one of the oldest, most notorious investment frauds in the world, with over eight thousand (3,000) schemes across the world in the past decade. At the very start, a Ponzi scheme sells the illusion of a sustainable business so long newer investors are periodically introduced into …

In separate interviews with NEwsextra24, economic experts said the rising poverty level in Nigeria would have more adverse impacts on the economy and further worsen the security challenges in the country. They said the Federal Government’s figure on people lifted out of poverty was not reliable. An economist and former …

Allen Onyema encourages passengers aboard flight not to be discouraged by the action of separatists. Allen Onyema, Chairman of Air Peace, encouraged Nigerians aboard his flight to work together to ensure that Nigeria remains one. He said this while speaking to passengers aboard flight 7120, operated by the airline’s Boeing …

The Minister of Information and Culture, Lai Mohammed has urged the House of Representatives to include regulation of Twitter in the National Broadcasting Commission Act. The Minister made the call at the public hearing on a bill to amend the NBC Act organised by the House Committee on Information. The …

The 7CGDP, which is said to be an integral leg of the NNPC’s gas development strategy, aims to bridge gas supply gap by 2020 and support 15GW of power generation for the country. NNPC group managing director Maikanti Baru said that the projects will bridge the estimated shortfall in gas …

Surging inflation is undermining the recovery of Africa’s biggest economy, pushing 7 million Nigerians into poverty and encouraging criminality as rising prices deplete already meager incomes, according to the World Bank. In its Nigeria Development Update report, the Washington-based lender projects economic growth of 1.8% this year, compared with a …

The Central Bank of Nigeria (CBN) has agreed in principle to mint The Gambian Dalasi. The CBN Governor, Mr. Godwin Emefiele, agreed to the currency minting proposal from the Governor of the Central Bank of the Gambia, Mr. Buah Saidy, who led a delegation to visit him on Tuesday, June 15. …

An entrepreneur and the CEO De Latinos, a leading hospitality organisation in Abia, Emmanuel Okenini aka Bello has decried the prolonged curfew imposed in various cities of Abia including Aba and Umuahia, saying it is putting their business under existential threat., NEwsextra24 report. Okeini said at a time when the …

The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline despite the various foreign exchange policies introduced by the Central Bank of Nigeria to strengthen the currency. According to a monthly document obtained from the …

Aviation fuel to increase by 30 per cent There are indications that the Federal Government might face further revenue crisis after staking about N720 billion subsiding Premium Motor Spirit (popularly known as petrol) as crude oil price maintains its rising outlook at the international market. Brent, yesterday, sold for $73 …