Andyke | entrepreneurship and technology blog

The foreign exchange market, otherwise known as FOREX is a global market where currencies are traded. This market has recorded serious mind-blowing breakthroughs and according to some infographics released by the Bank of International Settlements (BIS) revealing that in 2016, about 5.3 trillion dollars where traded daily at the forex market. This shows that it is really a very profitable market. Although this business is not new to Nigerians, some are unaware that there are so many Nigerian Forex brokers (brokerage firms) in Nigeria. In this article, I will be listing a number of forex broker firms and give a brief description of some and how to start with them. For fairness, it will be important for us to know who forex brokers are. According to investopedia , a firm that provide currency traders with access to a trading platform or platforms that allows them (traders) to buy and sell foreign currencies. Note: almost all of these forex brokerage firms have both real and ...

In recent times, countries of the world have experienced economic recession in different degrees with some surviving rom the shock while some are still plunging more into the pit of economic meltdown. This gave rise to many developments introduced by people as a way to get out of this mess. Some have developed strategies that end up defrauding others and enriching them (the developers of these strategies). Some of these strategies appear real at first but on the long run, they turn out to be what they really are. An internet entrepreneur earlier this year reportedly lost close to ₦2 million to various internet investments according to what he posted on his Facebook timeline. This huge amount of money was lost during this recession? You could imagine the trauma he has passed through because of this loss. To avoid falling victim of this, we will be discussing the top three online business investments to avoid this year 2017. We will start by explaining how each of them works and...

Ponzi schemes as we all know is a type of venture in which people are told to invest an amount of money with the promise of getting a certain percentage of their investment as profit after a period of time. This scheme was developed by Charles Ponzi since 1920 but became popular in Nigeria since early last year due to the recent recession experienced in the country. The first of its kind in Nigeria was MMM that made so many people rich and also impoverished so many. The story of how MMM came and how they got so many mavros frozen is not new to any Nigerian at all. After the MMM saga, so many other Ponzi schemes sprang up with new innovations of automatically matching people on who to provide help to on registration. The person matched to pay confirms the donor on receiving an alert of payment from his bank thereby putting the donor on the list of people awaiting to be matched to people to provide help. This innovation became the feature of so many newly developed Ponzi sites...