8 h. ago Terry Apala Remanded In Ikoyi Correctional Centre Over Naira Mutilation Charges

A high court in Ikoyi has ordered the detention of Nigerian singer Terry Apala at the Ikoyi correctional center over alleged abuse of naira notes. In a statement on Friday, the Economic and Financial Crimes Commission (EFCC) revealed that Apala was arraigned on a one-count charge of naira mutilation. The commission alleged that the singer […] The post Terry Apala Remanded In Ikoyi Correctional Centre Over Naira Mutilation Charges appeared first on Information Nigeria.

Politics

16 h. ago FBI arrests 22 Nigerians over sextortion scheme linked to teen suicides in U.S.

The Federal Bureau of Investigation (FBI) has apprehended 22 Nigerians accused of running sextortion schemes for financial gain, a crime read more FBI arrests 22 Nigerians over sextortion scheme linked to teen suicides in U.S.

Events

19 h. ago Shettima, Others Call For Financial Market Transformation In Africa, Middle

Vice President Kashim Shettima and other stakeholders have urged African capital markets to embrace digital transformation and enhance regional integration to create a financial system that is more efficient, accessible, and resilient. They made this call at the 2025 Conference of the Africa and Middle East Depositories Association, organised by the Central Securities Clearing System […]

Politics

19 h. ago Sextortion: FBI arrests 22 Nigerians after multiple teen suicides

By John Ogunsemore The Federal Bureau of Investigation (FBI) has arrested 22 Nigerians allegedly involved in a financially motivated sextortion scheme that led to teen suicides in the United States. The US law enforcement agency disclosed this in a statement published on its website. According to the FBI, the arrests followed a first-of-its kind global […] The post Sextortion: FBI arrests 22 Nigerians after multiple teen suicides appeared first on The Sun Nigeria.

Events

20 h. ago VP Shettima Extols UBA’s Dedication To Innovation, Emerging Markets At 75

The Vice President, Senator Kashim Shettima, has extolled what he termed the staying power of the United Bank of Africa (UBA) in the past 75 years, describing the financial institution as a pacesetter in innovation, emerging markets and generational ambition. “Seventy-five years is not something you pick up at a supermarket. It is earned. It’s […]

Politics

27 h. ago Nigeria’s Minimum Wage Insufficient To Cover Basic Living Costs – NLC President

The Nigeria Labour Congress (NLC) has raised serious concerns about the financial burden workers are facing in the country, particularly in relation to electricity tariffs and the newly approved ₦70,000 minimum wage. NLC President Joe Ajaero, in a statement on Friday, highlighted the stark reality that workers are now paying more for electricity than their […] The post Nigeria’s Minimum Wage Insufficient To Cover Basic Living Costs – NLC President appeared first on Information Nigeria.

Politics

32 h. ago Visa racketeering, cybercrimes, illegal mining alarming in Kaduna – EFCC Director

…Be rest assured of our support -NUJ Chair From Noah Ebije, Kaduna The Acting Zonal Director, Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Directorate, Bawa Usman Kaltungo on Friday visited the Executive Officials of Kaduna State Council of the Nigeria Union of Journalists (NUJ) along with his management team on courtesy call. Kaltungo who […] The post Visa racketeering, cybercrimes, illegal mining alarming in Kaduna – EFCC Director appeared first on The Sun Nigeria.

Events

37 h. ago Defection: Democracy At Risk, APC Using Money To Buy Off PDP Members –Ex

Former member of the House of Representatives, Usman Bugaje, has lamented over recent defections from Peoples Democratic Party to ruling All Progressives Congress. Bugaje expressed concern over what he described as monetisation of politics and its implications for Nigeria’s democracy. According to him, those in opposition with records in the Economic and Financial Crimes Commission, […] The post Defection: Democracy At Risk, APC Using Money To Buy Off PDP Members –Ex- Lawmaker Laments appeared first on Information Nigeria.

Economics

39 h. ago Africa and Middle East leverage financial market infrastructure to forge new frontier

Bolstered by shared histories and burgeoning economic ties, Africa and the Middle East are setting their sights on becoming the read more Africa and Middle East leverage financial market infrastructure to forge new frontier

Politics

40 h. ago Cyberattack hits MTN, user data exposed in some regions, Nigeria untouched

By Chinenye Anuforo A cybersecurity incident has targeted MTN Group, leading to unauthorized access of personal information belonging to some customers across certain markets. The telecom giant, however, assures that its main operational structures, including network, billing, and financial platforms, are secure and fully functioning. The company also confirmed that its Nigerian operations were not […] The post Cyberattack hits MTN, user data exposed in some regions, Nigeria untouched appeared first on The Sun Nigeria.

Events

40 h. ago Kano Traffic Officer Dies After Being Thrown Out Of Moving Truck

A personnel of the Kano Road Traffic Agency (KAROTA), Yahaya Isma’il Idris has died after he was thrown out of a moving truck in the early hours of Thursday along the Maiduguri Road in Kano metropolis. Counter-insurgency expert, Zagazola Makama revealed this in a statement posted on his official X, formerly Twitter platform. Makama said […]

Politics

41 h. ago Court Orders Forfeiture Of Properties Recovered From Fraud Syndicate

Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered the temporary forfeiture of several properties seized by the Economic and Financial Crimes Commission (EFCC) from Genting International Limited, a company linked to alleged fraudulent activities involving some Chinese and Filipino nationals. The properties were recovered from a syndicate of 792 foreign nationals […]

Politics

41 h. ago Africa Re grows profit to $132bn on market expansion, new business acquisition

The African Reinsurance Corporation (Africa Re) in the 2024 financial year recorded a Gross Written Premium of $ 1.214 billion, read more Africa Re grows profit to $132bn on market expansion, new business acquisition

Economics

43 h. ago Alleged Fraud: Court Grants EFCC’s Request To Arrest, Detain Six CBEX Promoters

A Federal High Court in Abuja has granted Economic and Financial Crimes Commission the go ahead to arrest and detain six promoters of Crypto Bridge Exchange over alleged investment fraud. It was gathered that Justice Emeka Nwite, on Thursday, who gave the order after EFCC’s lawyer, Fadila Yusuf, moved an ex-parte motion to the effect, […] The post Alleged Fraud: Court Grants EFCC’s Request To Arrest, Detain Six CBEX Promoters appeared first on Information Nigeria.

Events

46 h. ago ‘Nigeria, other emerging economies face longer period of tighter financing’

By Adewale Sanyaolu with agency reports Nigeria and other emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free assets is very much in focus, the head of South Africa’s central bank has said. The World Bank views Nigeria as an emerging economy, recognizing its significant economic […] The post ‘Nigeria, other emerging economies face longer period of tighter financing’ appeared first on The Sun Nigeria.

Politics

57 h. ago How hybrid encryption model shields financial institutions against looming quantum threats

As quantum computing inches closer to reality, its potential to crack the encryption systems that protect global financial data is read more How hybrid encryption model shields financial institutions against looming quantum threats

Politics

58 h. ago EFCC arraigns Lexicon Multiconcept Media CEO for N459m fraud

From Sola Ojo, Abuja The Economic and Financial Crimes Commission (EFCC) has arraigned Osabohem Alex Ologbosele, CEO of Lexicon Multiconcept Media Limited, his company, and employee Augustine Osas Iyoha before Justice E. Akpan of the Federal High Court in Abuja. They face six amended charges of fraud, obtaining under false pretences, and money laundering involving […] The post EFCC arraigns Lexicon Multiconcept Media CEO for N459m fraud appeared first on The Sun Nigeria.

Politics

59 h. ago Media Firm CEO, 1 Other Arraigned, Remanded In Prison Over Alleged N459m Fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned the Chief Executive Officer (CEO) of Lexicon Multiconcept Media Limited, Osabohem Alex Ologbosele, his company and one of his staff, Augustine Osas Iyoha, before Justice E. Akpan of the Federal High Court sitting in Abuja for alleged fraud. They were arraigned on six-count amended charges bordering […]

Events

60 h. ago $700m cabotage fund set for disbursement in August, says NIMASA

The Nigerian Maritime Administration and Safety Agency (NIMASA), which oversees the long-withheld Cabotage Vessel Financing Fund (CVFF) for shipbuilding in read more $700m cabotage fund set for disbursement in August, says NIMASA

Politics

63 h. ago Renewed Hope For Local Shipowners As Oyetola Directs Disbursement Of $360m Cabotage Fund

Last week, the Minister of Marine and Blue Economy, Adegboyega Oyetola, directed the Nigerian Maritime Administration and Safety Agency (NIMASA), to begin the process for the disbursement of the $360million Cabotage Vessel Financing Fund (CVFF). The CVFF, an intervention fund, was established under the Coastal and Inland Shipping (Cabotage) Act of 2003. While contributions to […]

Politics