The Securities and Exchange Commission (SEC) has declared the rising wave of Ponzi schemes in Nigeria a national emergency, warning that the proliferation of unregulated investment platforms is not only wiping out life savings but threatening the country’s economic and social stability. “Ponzi schemes have become a dangerous epidemic,” says Dr Emomotimi Agama, Director-General of …
By Esther Ososanya The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has announced an aggressive strategy to remove longstanding obstacles frustrating sugar self sufficiency in Nigeria. Addressing stakeholders at a tripartite meeting involving the Ministry of Industry, Trade and Investment, and major operators of the Backward Integration Programme (BIP), Bakrin …
