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CBEX Resumes Operations Despite SEC Ban

Crypto Bridge Exchange trading platform, CBEX
Despite the purported N1.2 trillion digital trading scam that allegedly impacted over 600,000 Nigerians, the troubled Crypto Bridge Exchange trading platform, CBEX, has reopened and announced new withdrawal alternatives in an effort to regain investor confidence. Despite continuing regulatory agency investigations, Punch reports that two traders on the CBEX platform have confirmed that the digital trading company has discreetly resumed operations, enabling new customers to register, trade, and withdraw winnings. The sources claim that in order to determine the amount lost in the scheme, which failed in April, an external audit of the company’s financial records and an insurance verificationRead More

COP 26: Obaseki Engages World Leaders On Palm Oil Production

Edo State Governor, Godwin Obaseki
Edo State Governor, Mr. Godwin Obaseki, has reiterated his administration’s focus on integrating palm oil production with forest management. He noted that he would use integrated Land Use planning toRead More

NDIC To Adopt Risk-based Approach In Determining Banks’ Premium

Nigeria Deposit Insurance Corporation (NDIC)
Says in event of banks’ failure, 97% depositors would be covered The Nigeria Deposit Insurance Corporation (NDIC) said it was reviewing its approach for determining the premium by banks toRead More

Aiteo Mobilises Massive Equipment To Halt Bayelsa Gas Leak

Aiteo
After days of waiting, Aiteo Eastern Exploration Company (AEEPCO) yesterday succeeded in mobilising heavy equipment to the site of the Santa Barbara wellhead leak in Nembe, Bayelsa state, in whatRead More

W’Bank: FG, States Won’t Be Able To Pay Salaries In 2022 If Fuel Subsidy Is Retained

World Bank
Kyari: NNPC may start invoicing the federation to maintain subsidy Finance Minister reveals plan to introduce transport grant for vulnerable Nigerians El-Rufai: Despite oil prices rising globally, there is noRead More

Osinbajo: Coca-Cola’s Planned $1bn Investment Will Positively Impact Nigeria’s Economy

Vice President, Prof. Yemi Osinbajo at the 70th anniversary gala of the Nigerian Bottling Company (NBC)
The Vice President, Prof. Yemi Osinbajo has said the plan by the multinational beverage company, Coca-Cola, to invest $1 billion in Nigeria in the next five years testifies to theRead More

CBN Partners Payment System Providers, Fintechs to Deepen eNaira Adoption

Central Bank Digital Currency (CBDC), also known as the eNaira
Says apex bank not competing with banks Unveils digital financial inclusion programme for women, youths The Central Bank of Nigeria (CBN) yesterday said it was working with key stakeholders inRead More

Aiteo: We’re Working With Experts To Curb Bayelsa Oil Spill

Aiteo
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the Nigerian National Petroleum Corporation/Aiteo Joint Venture (JV), Oil Mining Lease (OML) 29 yesterday disclosed that it was working with bothRead More

Banditry: Niger Bans Sale Of Motorcycles

Niger State Government
The Niger State Government has outlawed the sale of motorcycles throughout the state. A government statement Saturday in Minna said the order is with immediate effect. The statement gave theRead More

DStv, GOtv Begin 2022 World Cup Countdown To Be Air Live

DStv and GOtv
DStv and GOtv customers will be counting down the days to the 2022 FIFA World Cup in Qatar, with the tournament set to run from November 21 to December 18Read More

NPA Exceeds Revenue Target, Remits Over N89.9bn To CRF In Six Months

Nigerian Ports Authority (NPA)
The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello Koko, has revealed that the authority has exceeded its revenue target having remitted N89.9 billion into the ConsolidatedRead More