9 h. ago Governor Adeleke Attracts Foreign Funding, Signs $100M Agreement With British Investors

Osun State has attracted a major financial commitment from the United Kingdom as Governor Ademola Adeleke secured a $100 million investment deal during a recent economic mission abroad. The agreement, signed with British investors, marks a significant milestone in the state’s effort to boost development across multiple sectors. According to a statement issued by Adeleke’s […] The post Governor Adeleke Attracts Foreign Funding, Signs $100M Agreement With British Investors appeared first on Information Nigeria.

Politics

11 h. ago NSIA eyes sustainable income growth despite global market headwinds

…says impressive 2024 financials driven by cost efficiency, strategic risk management The Nigeria Sovereign Investment Authority (NSIA) is charting a read more NSIA eyes sustainable income growth despite global market headwinds

Politics

11 h. ago Osun secures $100 Million investment as Governor Adeleke meets UK investors

Osun State Governor, Ademola Adeleke, has secured a $100 million investment deal during a five-day working visit to the United read more Osun secures $100 Million investment as Governor Adeleke meets UK investors

Economics

13 h. ago Cargo traffic returns as TTP, agents tackle ticket racketeers

By Steve Agbota As cargo traffic returns to Tin Can and Apapa ports, Trucks Transit Park (TTP) Limited, the Nigeria Customs Service and licensed agents have moved to tackle the black market and racketeers of the Eto call-up system. Findings by TheSun.ng showed that there is rampant racketeering surrounding the Eto e-call-up system, causing persistent […] The post Cargo traffic returns as TTP, agents tackle ticket racketeers appeared first on The Sun Nigeria.

Transport

14 h. ago CBEX crash: All you need to know about the Ponzi scheme that duped Nigerians

On Tuesday, the digital investment platform CBEX suddenly collapsed, with reports indicating that investors incurred losses amounting to over N1.3 trillion. The incident has sparked widespread reactions, with users expressing frustration, criticism, and concern. Many stormed the CBEX office in Oyo State to destroy their belongings. PUNCH Online has compiled a list of things you Read More

Events

16 h. ago N1.3trn CBEX Scam: We Warned Nigerians Against Ponzi Schemes, Says EFCC

The Economic and Financial Crimes Commission (EFCC) has reiterated its warnings to Nigerians about the dangers of Ponzi schemes, following the collapse of digital investment platform CryptoBank Exchange (CBEX), which has reportedly defrauded investors of over N1.3 trillion. Speaking on Channels Television’s breakfast show – ‘The Morning Brief’ – on Wednesday, EFCC spokesperson, Dele Oyewale, […]

Events

16 h. ago Local investors begin to dominate Africa’s startup funding scene

African investors emerged as the largest group of active participants in the continent’s venture capital (VC) space in 2024, accounting read more Local investors begin to dominate Africa’s startup funding scene

Politics

19 h. ago From MMM to CBEX: Timeline of Ponzi schemes that have duped Nigerians

Over the years, Nigerians have fallen victim to a series of Ponzi schemes that promised quick riches but ended in devastating losses. From the infamous Mavrodi Mundial Moneybox, popularly known as MMM that crashed in 2016, leaving millions of investors stranded, to the recent collapse of CBEX and other crypto-based platforms, the allure of high Read More

Politics

20 h. ago Institutions risk legal action hiding student loan disbursement information — NELFund

The Nigerian Education Loan Fund (NELFUND) has warned that tertiary institutions that fail to inform students of loan disbursements made read more Institutions risk legal action hiding student loan disbursement information — NELFund

Politics

20 h. ago BIC focuses on driving innovation, business models to deliver values – Amahwe

In an economy where consumer expectations are shifting as fast as market dynamics, staying ahead of the curve is no read more BIC focuses on driving innovation, business models to deliver values – Amahwe

Politics

20 h. ago FCCPC raids markets over sale of repackaged local rice as foreign brands

The Federal Competition and Consumer Protection Commission (FCCPC) has intensified its clampdown on deceptive market practices, uncovering a growing trend read more FCCPC raids markets over sale of repackaged local rice as foreign brands

Politics

23 h. ago GITEX to attract investors, boost startup ecosystem – NITDA DG

Nigeria is set to host its premier global tech event, GITEX Nigeria, with expectations of attracting over 1,000 startups and international investors, further establishing the country as a hub for digital talent. After a decade of sustained efforts, the tech agency secured the bid to host the event, which is scheduled for September 1-4, 2025, Read More

Politics

28 h. ago Investors besiege CBEX Lagos, Ibadan offices over missing funds

The office of Crypto Bridge Exchange Smart-Treasures, widely known as CBEX, located at Seliat Bus Stop in the Egbeda-Idimu area of Lagos State, was swarmed on Tuesday by aggrieved investors following the sudden disappearance of their funds from the CBEX trading app. PUNCH Metro gathered that CBEX was advertised as an artificial intelligence-powered cryptocurrency trading Read More

Politics

31 h. ago Nigerians lose ₦1.3 trillion as alleged Ponzi scheme CBEX collapses

From Chinenye Anuforo Thousands of Nigerians face financial ruin after the collapse of CBEX, a digital investment platform accused of running a Ponzi scheme that allegedly vanished with over ₦1.3 trillion ($850 million USD). The fallout has sparked widespread distress, with victims sharing devastating stories on social media. One investor, quoted in a transcribed audio […] The post Nigerians lose ₦1.3 trillion as alleged Ponzi scheme CBEX collapses appeared first on The Sun Nigeria.

Politics

34 h. ago Report illegal revenue collectors to police, Adeleke tells market leaders 

The Osun State Governor, Ademola Adeleke, has charged leaders of various markets in the state to report activities of those collecting illegal revenue from them to the police. Adeleke disclosed that the intention of those involved in the act was to create an atmosphere of chaos in the state. Osun State Government and the opposition, Read More

Events

34 h. ago “We’ve Failed You, Please Forgive Us” – Gov Muftwang Begs Plateau Communities Over Attacks On Villagers

Governor Caleb Mutfwang of Plateau State has apologized to victims’ families over failure of government and security agencies to protect them and their properties. Governor Muftwang’s appeal is coming, following the recent attack in some communities located in Bassa Local Government Area of the state. Recall that INFORMATION NIGERIA had reported that gunmen on Monday, […] The post “We’ve Failed You, Please Forgive Us” – Gov Muftwang Begs Plateau Communities Over Attacks On Villagers appeared first on Information Nigeria.

Politics

34 h. ago “Leadership Collapse Has Crippled PDP” – Suswam Fires Warning Shot

Former Benue State Governor, Gabriel Suswam, has expressed deep concern over the worsening internal strife within the Peoples Democratic Party (PDP), describing the current state of the party as dire due to failed leadership and loss of public trust. Speaking with news men on Tuesday, Suswam did not hold back in his assessment of the […] The post “Leadership Collapse Has Crippled PDP” – Suswam Fires Warning Shot appeared first on Information Nigeria.

Events

35 h. ago Investors rage: Police, Amotekun take over CBEX office in Oyo

Members of the Nigeria Police and Western Nigeria Security Network, codenamed Operation Amotekun, took over the CBEX office at Oke-Ado in Ibadan, Oyo State, on Tuesday. This action followed the invasion of the online financial platform by some customers on Monday evening, allegedly over the loss of investments running into millions of naira. Our correspondent’s Read More

Politics

35 h. ago FCCPC seals Abuja shops for selling local rice repackaged as foreign

The Federal Competition and Consumer Protection Commission on Tuesday raided Utako Market in Abuja, sealing several shops over alleged deceptive sales of local rice re-bagged and sold as popular foreign brands. The operation, which was carried out with the support of police officers and other security personnel, targeted traders allegedly involved in passing off locally Read More

Politics

35 h. ago 27 Investors ‘Hospitalised’ Over CBEX Trading Platform Crash In Oyo

No fewer than 27 persons have reportedly been hospitalised following the crash of a digital digital asset trading platform, known as CBEX in Oyo State. Nigerians who subscribed to what is now regarded as a Ponzi scheme took to their various social media platforms to lament their losses after CBEX allegedly swept over N1.3 trillion […]

Events