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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

Ondo Govt Shuts Shoprite, NEPA Market

Ondo State Government
Ondo State Government on Monday sealed Shoprite building at Igbatoro road in Akure and the Neighborhood market at NEPA in Akure, the state capital. The two places were shut forRead More

PTA/BTA: CBN Set To Unleash EFCC On Cheats

CBN Governor, Mr. Godwin Emefiele
Promises to deal with illegal forex trader, retains MPR at 11.5% The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday vowed to send the Economic andRead More

CORAfrica Trains 1,000 Refugees, Others On Agribusiness

Children of Rural Africa-Nigeria (CORAfrica)
The Children of Rural Africa-Nigeria (CORAfrica), a non-governmental organization, has completed the training of 1000 migrants, refugees and Internally Displaced Persons (IDPs), in agribusiness and educational opportunities in Cross RiverRead More

AbdulRazaq Vows To Make Kwara Food Basket Of Nigeria

Kwara State Governor, Alhaji AbdulRahman AbdulRazaq
Kwara State Governor, Alhaji AbdulRahman AbdulRazaq, has reiterated his administration focus to make the state the food basket of Nigeria, and also create jobs for women and youths through large-scaleRead More

FG Approves 5G Network For Nigeria

Minister of Communications and Digital Economy, Dr. Isa Pantami
Says ITU, WHO have certified it medically safe Reveals its radiation lower than 4G’s Telcos say they’re ready to rollout The Federal Executive Council (FEC) has approved the Fifth GenerationRead More

Nigeria Struggles To Meet OPEC’s Crude Oil Quota

Crude oil
Records 2.8m barrels supply shortfall in August Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by theRead More

NCC Directs Telcos To Shut down Operations In Zamfara

Nigerian Communications Commission (NCC)
The Nigerian Communications Commission (NCC), the telecoms industry regulator has ordered all telecoms operators (MTN, Airtel, Globacom, 9mobile and ntel), including Fixed Wireless and Wired Network operators, to shut downRead More

Foreign Trade Rises To N12.03trn In Q2

Foreign Trade
Export component = N5.08trn Import component = N6.95trn Trade deficit = N1.87trn Nigeria’s total external merchandise trade increased by 23.28 per cent to N12.03 trillion in the second quarter ofRead More

NAICOM Ends Manual Operations, Migrates To Online Platform To Boost Service Delivery

National Insurance Commission (NAICOM)
The National Insurance Commission (NAICOM) Wednesday announced that it has migrated its operational activities online effective from today. It explained that the move was aimed at enhancing efficient and effectiveRead More

Digital Currency Gains Traction As CBN Appoints Technical Partner

Central Bank of Nigeria vs Cryptocurrency
IMF urges caution on adoption of cryptocurrency as national currency The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partnerRead More