Skip to main content

20 ways of improving family court of law

Stop Investing In MMM - CBN Warns Nigerians Again

The Central Bank of Nigeria (CBN) has once again cautioned the citizenry against investing in the ponzi scheme, Mavrodi Mundial Moneybox (MMM ). The scheme operators stopped the accounts of its investors in Nigeria few days ago.
CBN Director of Development Finance Dr. Mudashiru Olaitan gave the warning at a business leaders’conference with the theme: “Prospering in a recession”, organised by EZ37 Solutions in Ibadan.

He called on Nigerians to be careful in investing their resources, especially at this period of economic recession.

According to him, the nation is blessed with many resources and businesses that could bring returns at minimal risks, urging people to embrace agriculture instead.
Olaitan, who was represented by the Head of CBN Development Office in Ibadan, Mr. Banji Akinola, said the Ponzi scheme has become a national embarrassment with the scheme’s operators insulting the Nigerian government just because it cautioned the
people over the scheme.

A university don from the Department of Economics, Obafemi Awolowo University, Ile Ife, Prof. Funmi Soetan, who spoke on the theme of the conference, advised companies to consider cutting the cost of production through waste elimination rather
than laying-off workers.

According to her, Nigerian economy is passing throughdifficult phase of the business cycle. Factors responsible, she said, include Nigeria ’s over dependence on oil revenue, the adverse impact of the increase in global crude oil supply, fall in global oil prices, slow and declining growth in China, the BRICs and Europe, rising global and local terrorism and its attendant insecurity in Nigeria .

Other factors listed by Prof. Soetan include corruption and poor management of Nigeria’s oil revenue, the decline in external reserves and CBN devaluation of the Naira.

An associate professor at the Nigerian Institute of Social and Economic Research (NISER), Mr. Femi Ogundele, stated that the immediate consequence of recession was that businesses might cut employees, which translate to more work being done by
fewer people.

The Chief Executive Officer of EZ37, Adaora Ayoade, stated that the effects of recession on the business community were challenging, urging firms to engage the situation in an informed, constructive and pragmatic manner.

Comments

Popular posts from this blog

How To Become Airtel Smart Agent

Airtel is here again with a big surprise… what? Airtel have launched an app called Smart Agent App for their customers. This app allow customers to make millions of naira on their phone. Below is the detail of the surprise.

The Double Door Fridge With Enough Space

The initial step you should take in picking a cooler is to make sense of what size will fit in your kitchen, at that point settle on the entryway style. Today, the vast majority have a tendency to go for French entryway coolers since they look smooth and have wide retires and drawers that keep products of the soil at eye level. You may lean toward a one next to the other model in the event that you need a greater cooler, an exemplary best cooler in case you're on a financial plan, or a counter-profundity ice chest to spare important space and give your kitchen an airier feel. (We prescribe particular models in our manual for the best refrigerators). What we don't cover in this guide are claim to fame coolers, as inherent or incorporated units, yet our recommendation on the highlights to consider when purchasing any new ice chest will apply to those, as well.

Buying Guide: Rohloff Nevo GX Review

Riese and Müller have a long and fascinating history planning bikes. Everything started with a non-electric, full suspension, collapsing bicycle called the Birdy. The refinement of this model prompted a way of thinking of "control innovation" meaning to keep wheels on the ground, giving footing. Despite the fact that the Nevo line is just specced with front suspension, the SR Suntour Air fork they picked offers a lot of customizability (droop, pressure, bounce back), and the expansion of a suspension seat post, locking ergonomic grasps, and more extensive edges and tires offers a great deal of solace and soundness. The greater part of the progression through or wave style electric bicycles that I have tried and evaluated throughout the years experience the ill effects of edge flex.