20 m. ago Rack Centre’s LGS2 12MW facility to drive Nigeria’s digital revolution –Mgt

The newly commissioned LGS2 12MW IT Load Data Centre built by Rack Centre-West Africa’s leading Tier III carrier and cloud neutral data centre, has been described as the best-in-class and a game changer that would revolutionise Nigeria’s digital landscape. The Chairman, Rack Centre, Maher Jarmakani, disclosed this during the official commissioning of the data centre […] The post Rack Centre’s LGS2 12MW facility to drive Nigeria’s digital revolution –Mgt appeared first on The Sun Nigeria.

Politics

37 m. ago Obudu monarchs set up committee to tackle C’River assets theft

Traditional rulers in Obudu Local Government Area of Cross River State led by the paramount ruler, His Royal Majesty, Utsu-Ukandi Felix Ukwudari, in a decisive move to curb the rising incidents of theft and vandalism of public property, constituted a special committee to investigate and recover missing government assets. Speaking at his palace during the Read More

Politics

5 h. ago PICTORIAL: Police Arrest 157 Suspects, Recover Drugs, Arms In Kano

The Kano State Police Command has arrested 157 suspects and recovered a large cache of drugs, firearms, and stolen property in a major crackdown on criminal activities across the state. The operation which spanned four weeks was part of the intensified efforts of the new Commissioner of Police, CP Ibrahim Bakori who assumed office on […]

Events

6 h. ago FG consoles CBEX victims, calls for collective fight against ponzi schemes

The Federal Government on Wednesday sympathised with victims of the digital investment platform CBEX, stressing that Nigerians must work together to put an end to the rise of Ponzi schemes in the country. The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, made the appeal in his keynote address at the Read More

Politics

6 h. ago Sokoto approves N100m for IDPs shelter, N6b in road projects

Governor of Sokoto State has approved the purchase of a N100 million property to provide permanent shelter for Internally Displaced Persons, alongside a massive N6.47 billion investment in key road infrastructure across the state. The approvals were granted during the State Executive Council meeting held on Wednesday, marking a significant stride in the administration’s effort Read More

Politics

8 h. ago We’re Working With Interpol, We’ll Bring CBEX Perpetrators To Justice – EFCC Assures Nigerians

Economic and Financial Crimes Commission has commenced investigation into the alleged N1.3tn stolen through a digital investment platform, Crypto Bank Exchange. EFCC assured Nigerians that the anti-graft agency, in collaboration with International Criminal Police Organisation and other international partners are currently investigating the incident. Recall that many Nigerians lamented over sudden crash of the ponzi […] The post We’re Working With Interpol, We’ll Bring CBEX Perpetrators To Justice – EFCC Assures Nigerians appeared first on Information Nigeria.

Politics

9 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

11 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

18 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

19 h. ago Bauchi Partners With Canadian Firm To Launch Cybersecurity Training

The Bauchi State Government has partnered with Protexxa Inc, a rapidly growing Canadian organisation dedicated to enhancing digital safety by helping businesses identify and address cyber vulnerabilities, to deliver the Cyber Nations Initiative Cybersecurity Training Programme. Protexxa will now extend its expertise to Bauchi through this strategic alliance. The initiative aims to empower youths and […]

Politics

22 h. ago Makinde pledges state burial for Olunloyo, visits Adeojo’s family

From Taiwo Oluwadare,  Ibadan Oyo State Governor, ‘Seyi Makinde, has announced that the late elder statesman and former governor, Dr. Victor Omololu Olunloyo, will be accorded a state burial. During a condolence visit to Olunloyo’s residence in Molete, Ibadan, yesterday, he stated that government had appointed three officials to collaborate with the Olunloyo family in […] The post Makinde pledges state burial for Olunloyo, visits Adeojo’s family appeared first on The Sun Nigeria.

Politics

23 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

24 h. ago The risks of letting social media influencers shape public discourse

In the contemporary digital age, the rise of social media has revolutionised the way information is in the contemporary digital age, the rise of social media has revolutionised the way information is disseminated and consumed. Platforms like Twitter, Facebook, Instagram, and TikTok have become dominant spaces where narratives are formed, challenged, and reshaped daily. In Read More

Politics

27 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

29 h. ago Makinde Announces Plans For State Funeral To Honor Olunloyo’s Legacy

On Tuesday, Oyo State Governor, Seyi Makinde, confirmed that Dr. Omololu Olunloyo, the former governor who passed away on April 6, will be honored with a state funeral that reflects his immense contributions to the state and the country. Makinde, during his condolence visit to the Olunloyo family in Ibadan, revealed that detailed plans were […] The post Makinde Announces Plans For State Funeral To Honor Olunloyo’s Legacy appeared first on Information Nigeria.

Politics

30 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

30 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

31 h. ago ‘We failed you, forgive me,’ gov apologises over Plateau attacks

Following the recent attack that claimed more than 50 lives in Zikke, the Bassa Local Government Area of Plateau State, Governor Caleb Mutfwang has apologised to grieving families, admitting the government’s inability to safeguard their lives and property. The governor, visibly emotional during a condolence visit on Tuesday, addressed residents at the palace of the Read More

Politics

34 h. ago Olubadan warns Mogajis against land grabbing, insubordination 

The Olubadan of Ibadanland, Oba Owolabi Olakulehin, has warned compound heads, popularly known as Mogajis and village heads, also referred to as Baales, against land grabbings and insubordination to elders within their families. He gave this warning on Monday during the installation of nine compound and two village heads in his Palace at Oke-Aremo in Ibadan, the Read More

Events

36 h. ago Olubadan Warns New Chiefs Against Intimidating Family Members, Subjects

The Olubadan of Ibadanland, Oba Owolabi Olakulehin has warned family heads known as Mogajis and Baales across Ibadanland against using their positions to oppress or intimidate their family members or subjects. The traditional ruler made the declaration during the installation of nine Mogajis and Baales held at his palace at Oke Aremo in Ibadan spoke […]

Events