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A penny for a fortune: How Chinese-owned betting company fleeced Nigerians in ponzi scheme

While 86FB has taken its share of the largesse, the major question on the lips of some observers is: do Nigerians ever learn? Despite the failures of some Ponzi schemes that carted away billions of naira and destroyed livelihoods, it appears Nigeria remains a fertile ground where a lot of people are desperate to make a fortune from a peanut,

FG Plans Fresh N12 Trillion Borrowing, Public Debt To Hit N50 Trillion By 2023

Govt borrowing plan focuses on domestic bonds, concessional external loans The Federal Government hopes to push its public debt stock to N50.22tn by 2023, with domestic debt at N28.75tn and external debt at N21.47tn. This is according to the projections in the National Development Plan 2021-2025. The Debt Management Office had disclosed that Nigeria’s public…

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