A Look at Huge Lottery Winners Who Ended Badly

Can Money buy happiness? Many people think riches can buy happines but many life examples proove that a huge check or a fat account balance might be a recipe for doom.  Last Wednesday’s Powerball winner Tom home a whooping  $700 million. A dream which so many people share. Enough money to live comfortably and solve…

Nigeria Anti Corruption War: FG promise whistle blowers 5% of recovered loot

  The Federal Government of Nigeria has taken the fight against corruption to a whole new level. The FG announced the approval of a five percent (5%) reward of recovered loot to any whistle blower who provides useful information leading to the recovery looted  funds. This policy  was made public by Nigeria’s Minister of Finance, Kemi…

Nigerian Lawmakers make moves to shut down MMM

Members of Nigeria’s House of Representatives on Wednesday ordered a clampdown on a ponzi investment scheme popularly known as ‘MMM.’ The Green Chamber mandated House Committee on Banking and Currency and Committee on Financial crimes to investigate the scheme. MMM (Melnikova Mavrodi Mavrodi) is a deposit money scheme  that originates from Russia. It yields 30 per cent interest on investment…

Nigeria in Economic Recession: The Implications and Solutions

  Economists officially define a recession as two consecutive quarters of negative growth in Gross Domestic Product (GDP). The National Bureau of Statistics reported that in the first Quarter of 2016, the nation’s Gross Domestic Product (GDP) grew by -0.36% in real terms. This was lower by 2.47 points from growth recorded in the preceding…

Though times ahead for an ailing Skye Bank

  Following the take over of Skye Bank by the Central Bank of Nigeria (CBN) today and the resignation of the Chairman and the Managing Direcror/Chief Executive Officer many Nigerians are scared that they wont may loose their hard earned savings deposited at bank. This development has caused many customers to withdraw their money from…

Why Zenith Bank Managers knelt down to beg Fayose

Following the freezing of Ekiti State Governor, Ayo Fayose’s bank account in Zenith Bank by the Economic and Financial Crimes Commission EFCC on Monday,  Branch Managers of Zenith Bank in Ekitii state paid Governor Ayo Fayose a visit to apologize for the embarrassment. What shocked everyone were pictures of the bank managers on their knees…

Crude oil price rises to over $50 per barrel

The price of crude oil has risen to over $50 per barrel for the first time n 2016. This is cheering news for counties dependent on revenues from crude oil exports. Nigeria’s Brent crude now sells for $50.07, the highest price increase in 2016. The increase is  followed US data revealing a drop in crude inventories. This data shows that oil inventories…

Residents of Onitsha snub newly opened Shoprite

Unlike the opening of Shoprite in Owerri, Imo State where the crowd came in droves, the opening of Shoprite in Onitsha, Anambra state was disappointing. Only a few white men and some government officials turned out for the opening ceremony despite the whole media publicity.

Ziki Zobo: the emergence of an indigenous beverage

Not many young Nigerians dare to enter into the murky waters of entrepreneurship. Almost every Nigerian drinks Zobo but not many have thought about proper packaging and producing it in an industrial scale. Kizito Umeatuenyi from Enugu state is  young Nigerian who  saw opportunity where no one did. He launched a zobo drink that is…