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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

OPEC: Nigeria May Be Hard-hit by Declining Investment In Oil Sector

Organisation of the Petroleum Exporting Countries (OPEC)
Urges the FG to diversify economy Cartel calls for deployment of tech to reduce carbon emissions The Organisation of Petroleum Exporting Countries (OPEC) yesterday warned that with declining investments inRead More

CBN Restricts Sugar Importation To Dangote, BUA, FMN

Central Bank of Nigeria (CBN)
Says the three firms have made reasonable progress in backward integration The Central Bank of Nigeria (CBN) yesterday stated that sugar importation in the country can only be done byRead More

FG Approves N6.25bn To Start Cattle Ranching In Katsina

Senior Special Assistant to the President on Media & Publicity, Garba Shehu
The Federal Government has approved N6.25 billion to kick start cattle ranching in the country with Katsina State serving as the pilot scheme. Presidential spokesman, Garba Shehu, in a releaseRead More

China Backs Nigeria’s Industrial Growth, Receives Automobiles From GAC Motors

Chinese flag
The Peoples Republic of China at the weekend expressed its readiness to support Nigeria’s industrial growth, especially in the area of automobile manufacturing. The Chinese Ambassador to Nigeria, Mr. CuiRead More

Osinbajo: Digital Platform Will Revive Nigeria’s Hospitality Industry, Grow Small Businesses

Vice President Yemi Osinbajo
Vice-President Yemi Osinbajo has declared that a digital platform will revive Nigeria’s hospitality industry and provide a major avenue for other small businesses in the value chain to grow especiallyRead More

REVEALED: One Kilogramme Rice Sells For N290 In Jigawa, Bauchi, N950 In Lagos, Anambra As Food Prices Rise In Southern States

Bags of rice
Food prices are beginning to rise at an alarming rate in most of the southern states as 1kg of Nigerian locally planted rice sells for about N290 in Nasarawa toRead More

Southwest IPMAN Dissociates Self From Planned Nationwide Strike

Independent Petroleum Marketers Association of Nigeria (IPMAN)
The Southwest Zonal chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday dissociated itself from the purported nationwide strike directed by the leadership of the association, overRead More

Buhari Tells MTN To Reduce Tarrifs, Provide Quality Service To Nigerians

President Muhammadu Buhari and the MTN Group
Osinbajo: Corporate bodies must ensure accountability in service provision President Muhammadu Buhari yesterday charged the MTN Group to make its services affordable and in high quality to its Nigerian subscribers.Read More

ABCON Mobilises Forex Dealers Against Hoarding

Forex
In an apparent response to the sustained spike in the foreign exchange rate in the country, the Association of Bureaux de Change Operators of Nigeria (ABCON) has begun the mobilisationRead More

MTN Warns Of Disruption Of Services Over Rising Insecurity

MTN Nigeria
The local unit of MTN Group in South Africa yesterday raised the alarm that its services in Nigeria could be disrupted due to the rising insecurity in the country. MTNRead More