When a pension fund with legislated rates of pay out operates in a negative interest environment, its fund is bound to be depleted.
You have to ask how can it have money to pay out at the legislated (high positive) rates. 91 palabras más
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•It’s a bombshell that will crash one day, Senators, Reps warn By Henry Umoru, Babajide Komolafe, Emma Ovuakporie, Nkiruka Nnorom, Johnbosco Agbakwuru, Ikenna Asomba Against the backdrop of the biting economic recession that has hit the country since 2015, trust Nigerians, they have devised several means to survive the economic down-turn.
Ultimate Cycler has crashed,The ponzi website, Ultimate Cycler went down early Thursday morning, about 10:30am Nigerian time the site initially displayed an error line of code, before displaying ”Error 500” in bold letters, then it proceeded to display another message: 55 palabras más
Unless you’re living under a rock (and even if you were), as a Nigerian you’ve heard of the new craze in town, MMM.
I, like everyone else on the more sensible (and relatively middle class) end of the spectrum have easily and accurately dismissed MMM as a Ponzi scheme. 517 palabras más