Deutsche Bank agrees $7.2bn penalty with US regulators

Germany’s Deutsche Bank says it has agreed a $7.2bn (£5.9bn) payment to US authorities over an investigation into mortgage-backed securities. The sum, which needs final approval, is far lower than the $14bn the US had asked the bank to pay in September. That looming fine had caused concerns that a failure of the bank could… Read More Deutsche Bank agrees $7.2bn penalty with US regulators

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FRSC Bans Petroleum Tanker Drivers From Night Journeys From December 19

The Federal Road Safety Corps (FRSC) on Sunday reiterated its total ban of petroleum tanker drivers from embarking on night journeys across the country from Monday, Dec.19. Mr Boboye Oyeyemi, the FRSC Corps Marshal, told the News Agency of Nigeria (NAN) in Lagos that efforts had been put in place to impound any truck found… Read More FRSC Bans Petroleum Tanker Drivers From Night Journeys From December 19

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Arik Air gets European Aviation Safety Agency’s (EASA) Authorisation

Arik Air, West and Central Africa’s largest carrier has again scored another first by receiving the European Aviation Safety Agency’s (EASA) Third Country Operators (TCO) Authorisation to fly into any European Union (EU) country. Arik Air is among the 590 global airline operators that successfully completed the stringent certification process before the deadline of 26th… Read More Arik Air gets European Aviation Safety Agency’s (EASA) Authorisation

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BREAKING NEWS: Founder Of MMM, Serge Mavrodi Makes Important Announcement On Account Restriction

A fresh communique issued from the stable of the Russian founder of MMM, Serge Mavrodi has addressed the seeming malicious reports about the Ponzi Scheme in the media as well as other alleged disparaging financial analyses by economic experts in Nigeria. A statement credited to the face of the Mavrodi Mundial Moneybox – Serge Mavrodi… Read More BREAKING NEWS: Founder Of MMM, Serge Mavrodi Makes Important Announcement On Account Restriction

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MMM Nigeria: Nigerians groan as MMM suspends further payments to subscribers

Nigerians have been thrown into a sudden anxiety following a decision by promoters of deposit money scheme, MMM, to suspend new payouts to subscribers. The members woke up on Tuesday morning to a disclaimer on the scheme’s website informing them of the move. But the promoters of the scheme say it won’t go burst just… Read More MMM Nigeria: Nigerians groan as MMM suspends further payments to subscribers

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This is the real reason why MMM Nigeria was frozen

Facts have emerged why popular Ponzi scheme in Nigeria, MMM froze confirmed monies in the system for one month. Real reason MMM Nigeria was frozen Recall that operators of the scheme last last night, December 12, froze mavros on MMM stating that it’s action was due to panic and heavy anti-MMM reports by the Nigerian… Read More This is the real reason why MMM Nigeria was frozen

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Budget 2017 Gets Boost As Oil Price Hits $58

Nigeria’s hope of returning to economic recovery brightened, yesterday, as crude oil price hits an 18-month high of $58 per barrel. With the proposed 2017 budget based on crude oil price of $42.5 per barrel and 2.2 million barrels daily production, this development translates to additional N500.4 billion revenue inflow outside the budgetary estimates. The… Read More Budget 2017 Gets Boost As Oil Price Hits $58

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Multi-billionaire Businessman, Dangote Sacks 109 Workers

The Dangote Group has dismissed 109 workers at Obajana Cement Company in Kogi State, after being found guilty of various offences, Abdulahi Magaji has said. Mr. Magaji, the coordinator of the company’s Patrol Team, announced this to journalists on Tuesday at the Obajana premises of the company. He said that the dismissed workers were among… Read More Multi-billionaire Businessman, Dangote Sacks 109 Workers

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