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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

FG Evaluates Addax Petroleum’s Assets

Addax Petroleum Exploration Nigeria Limited
To hand over assets to new owners Following the Federal Government’s revocation of the Production Sharing Contracts (PSCs) on four assets belonging to Addax Petroleum Exploration Nigeria Limited (APENL), theRead More

AGF to Assist NEITI In Tracking Oil Revenues

Accountant General of the Federation, Ahmed Idris
The Accountant General of the Federation (AGF), Mr. Ahmed Idris, yesterday vowed to support the Nigeria Extractive Industries Transparency Initiative (NEITI) in tracking oil and gas revenues due to theRead More

Warri-Itakpe Rail Line Freight Services To Create More Jobs

Warri-Itakpe Rail Line
The Federal Government at the weekend stated that the freight services on the Warri-Itakpe standards gauge railway line would create more jobs for Nigerians and promote the ease of doingRead More

FG Inaugurates Warri-Itakpe Railway Line After 30 Years Of Neglect

Warri-Itakpe Railway Line
Says freight services will create more jobs The Federal Government has unveiled the Warri-Itakpe standards gauge railway 30 years after it started constructing the rail line designed to transport ironRead More

NCAA Approves Commercial Flight Operations At Bayelsa Airport

Bayelsa airport
It’s a dream come true, says Governor Diri After months of expectation, the Bayelsa State Government-owned airport finally received the nod of the Nigerian Civil Aviation Authority (NCAA) on SaturdayRead More

DPR Debunks Not Knowing Crude Oil Production Volume

Department of Petroleum Resources (DPR)
The Department of Petroleum Resources (DPR) Friday pushed back on reported comments that the country’s daily crude oil production remains unknown despite over 60 years of exploratory activities. Some reportsRead More

EFCC Takes Anti-graft War To Housing Sector, Vows To Check Fraudulent Activities

The Economic and Financial Crimes Commission (EFCC)
Says REDAN membership certificate now compulsory for real estate operators The Economic and Financial Crimes Commission (EFCC) has made compulsory membership of the Real Estate Developers Association (REDAN) for allRead More

BUA Group, French Company Strengthen Deal On 200,000bpd Refinery Project

BUA Group and Axens, a France-based petroleum technology company
The BUA Group and Axens, a France-based petroleum technology company, yesterday reviewed and signed statements of acknowledgement of the level of progress achieved on the former’s proposed multi-billion-dollar integrated 200,000Read More

UBA Organises Capacity Building Forum

United Bank for Africa (UBA) Plc
As part of its commitment to support the growth and sustainability of micro, small and medium-scale enterprises (MSME) in the continent, the United Bank for Africa (UBA) Plc, is setRead More