Business

Rising Ponzi schemes: Major critical concern to capital market- Yuguda

Ihesiulo Grace 6 January 2023 0

The Securities and Exchange Commission has stated that the persisted proliferation of operators running illegal investment schemes in the country continues to be a major critical concern to the capital market. Director General of the SEC Mr. Lamido Yuguda who stated this in a New Year Message

News Nigeria

Uber, taxify drivers to protest insecurity along driving routes

Ihesiulo Grace 1 May 2018 0

DRIVERS operating under Uber, Taxify and other e-Hailibg schemes under the aegis of the National Union of Professional e-Hailing Drivers Partners (NUPEDP) have vowed to embark on strike during the May Day celebration following discrepancies observed in the condition of service and engagements arrangement, including security concerns, unrealistic targets and poor pricing

News Nigeria

Sokoto approves 250 solar-powered water schemes in rural areas

Ihesiulo Grace 8 January 2018 0

Sokoto state government has awarded contract for the construction of 250 solar powered water schemes to be sited in rural areas across the 23 local government areas of the state. This is contained in a statement issued to reporters in Sokoto by Malam Imam Imam, the spokesman of Governor Aminu Waziri Tambuwal. “The project is […]

Features

Why retail investors shun collective investment scheme

Ihesiulo Grace 24 December 2017 0

Understanding of operating mechanism of Collective Investment Schemes and retail investors’ rights in the scheme, may be attributable as some of the reasons retail greater number of retail investors still shun CIS. Pointer to his emerged recently when, at a stakeholders’ meeting, it was disclosed that investment advisers and fund managers, may out of their […]

News

RCCG warns pastors, members against Ponzi schemes

Ihesiulo Grace 24 January 2017 0

The Redeemed Christian Church of God, RCCG, has warned its Pastors and members against using the church platform to participate in Ponzi schemes. A memo issued by the General Secretary of the church, Pastor Johnson Odesola, to all Pastors in charge of regions and provinces, threatened disciplinary actions against defaulting members. According to the memo, […]