A lot has been going on in the past weeks and e-commerce is gradually taking a foothold in Nigeria with the launch of Intercontinental Banks reloadable credit card with a two year validity, impressive as it may be, a lot more has to be done to foster the growth and developemnt of e-commerce.

Hedge Funds: the new Wealth's .

Nigeria is fast be a financial hub with 400% rate of return on investing funds in the stock market, the Nigerian Stock exchange is an investors delight and probably the second best to the Chinese's, where there is the assurance of recuping investment with a non-performing rate of 70% which is still high comparatively.

This growth rate perhaps is gave rise to the pyramid money scheme which in my view is a means of robing janet to pat jane at least they are getting paid either way good or bad.

How does it work

Subcribers are required to pay a certain amount with the hope of recieving the intial amount with a return of about 70% total of the initial amount which the funds mangers claim are invested in stocks, real estate etc. The Higher the anount the higher the rate of return in comensurate with the innitial deposit. How credible is this, it reman to be seen.