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MBA trading and capital investment limited defaults in payment of ROI for two months.

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Reports reaching us is that MBA trading and capital investment limited has failed to pay investors for the second month running.

The company which specializes in forex trading has been struggling to meet up with their quotas and investors are becoming agitated.

The company initially defaulted from paying by telling investors they would be changing their website and the migration from one site to the other would take time. After the website was completed, nothing changed. Infact things became worse.

Investors were no longer able to withdraw from the platform, it initially wasn’t working then when it went through, most investors were told that their withdrawal is pending and they haven’t gotten paid till now.

Some investors have indeed been paid but rumors are that those that have been paid are under the one million bracket which is has gone on to make some investors even irate. Which some even going on to say that the company may be running a ponzi scheme.

What is next for MBA trading? The company claim they need time to navigate the turbulence but everything points to an end for the platform.

Go to Nairainvest.com and check our fraudwatch list for Agric-tech schemes you should stay away from and also stay tuned to Nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps.

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Agri-Tech

The GameStop vs Wallstreet saga explained.

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The GameStop vs Wallstreet saga explained.

GameStop was the current week’s another thing. All the more explicitly: the unrealistic and breathtaking convention of its stock cost — which, as of this composition, was generally $336 an offer. How it arrived is not really an account of incredible procedure or rousing individual exertion. Indeed, nothing major has changed in the course of the most recent year about GameStop, a Grapevine, Texas-settled computer game retailer with shops settled in shopping centers cross country.

Truth be told, GameStop has battled throughout the most recent year, as the pandemic has eased back actual business and, in the course of recent years, rivalry from downloadable game substance has pushed its productivity down and constrained it to recoil its actual impression. This carried GameStop to the consideration of two gatherings that wound up being critical to the stock value’s gigantic development throughout the most recent week. The main gathering included short-venders who all contributed intensely that GameStop’s offer cost would keep on falling. The second was a Reddit contributing subgroup, r/WallStreetBets.

The GameStop stock had been getting some certain input on the Reddit site for quite a while. Yet, beginning in January of 2021, that eagerness started blending with an abhorrence for the huge institutional speculators, for example, mutual funds, which were intensely short on GameStop.

Toward the beginning of January, r/WallStreetBets individuals started purchasing up GameStop stock, which thusly pushed up the cost. It rose from around $17 an offer toward the beginning of January to north of $330 today (Jan. 29). It was, as one r/WallStreetBets told Wired: “an image stock that truly exploded.”

Exploded being the usable idea, as the blaze set off wild protests by those institutional speculators whose short positions were gravely uncovered by the attack of retail financial specialists, who appeared to be sufficiently happy to uncover them. Robinhood, the day-exchanging application for retail merchants where a significant part of the GameStop purchasing occurred, is currently being sued by its clients for its choice to stop exchanging GameStop and other abruptly unstable image stocks. That get ignited the interest of officials. Also, the totally eccentric circumstance has set off a whirlwind of think pieces posing the normal arrangement of unanswerable inquiries:

Is this a triumph for retail financial specialists or the start of the end? Is this a David-and-Goliath tale about Redditors versus speculative stock investments? Is this the first crowdfunded short crush throughout the entire existence of the market? Is this actually a siphon and-dump plot gone ideal time? Will this obliterate the financial exchange as far as we might be concerned?

Stay tuned to Nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps.

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Agri-Tech

Tonso elite halts payment.

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Tonso elite a Nigerian investment platform which specializes in trading the foreign exchange market with a monthly return on investment for investors has halted payments of investors capital and return on investment.

The company claimed it ended its operations for the year on the 23rd of December and began its holiday period which will last until the 18th of January.

The company claims payment will resume on the 1st of February because of the large amount of payments they have to process. It will be interesting to see how events turn out on the due dates, if Tonso Elite will resume payments or if it was just a ploy to default.

Go to Nairainvest.com and check our fraudwatch list for Agric-tech schemes you should stay away from and also stay tuned to Nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps.

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Agri-Tech

Goatti defaults on payment, deactivates instagram comments.

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Goatti Nigeria, a livestock investment platform has defaulted from paying clients ROI as well as capital.

The investment platform has also deactivated the comment section on its instagram platform to prevent aggrieved users from complaining.

Nairainvest will advise its readers to thread with caution in future transactions with this platform.

Go to Nairainvest.com and check our fraudwatch list for Agric-tech schemes you should stay away from and also Stay tuned to Nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps.

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