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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

Peter Obi: Dangote Refinery Will Benefit Nigeria’s Economy

Dangote Refinery
The presidential candidate of the Labour Party (LP) in the 2023 election, Peter Obi, has said the Dangote Refinery will be beneficial to Nigeria’s troubled economy. In a string ofRead More

Housewives Lament As Tomato Prices Soar

Fresh Tomatoes
Some housewives in the Federal Capital Territory, Abuja on Sunday said they have ditched tomatoes for their stews and other sauces as cost skyrockets. The residents, who made this knownRead More

Meet The Best Catfish Farmer In Nigeria In 2023: Stanislus Njoku

SS Farms' Founders, Stanislus and Suwanna Njoku, at Thai Aqua Expo 2022
Stanislus Njoku is the founder of SS Farms Limited, a pioneer and trailblazer in Nigeria’s young Biofloc fish farming industry. He has become an inspiration to numerous catfish farmers inRead More

Customs: Has Been Releasing Way More Fuel Than Nigerians Need Daily

Nigerian National Petroleum Corporation (NNPC)
The Nigeria Customs Service (NCS) has said the Nigerian National Petroleum Company Limited cannot justify the volume of Premium Motor Spirit, otherwise known as petrol, being consumed in the countryRead More

Court Stops Buhari, NBC From Shutting Down 53 Broadcasting Stations

Law court
The Federal High Court, sitting in Lagos yesterday stopped President Muhammadu Buhari and the National Broadcasting Commission (NBC) from revoking the licences of 53 broadcast stations in the country andRead More

Air Peace Flight Suffers Bird Strike

Air Peace
Nigeria’s biggest carrier, Air Peace, has announced that its operating Flight P47154, which departed Lagos at 12:00 pm yesterday, August 27, 2022, for Owerri, could not land due to aRead More

NBS: ICT Sector Contributed 18.44% To Nigeria’s GDP In Q2, 2022

National Bureau of Statistics
The National Bureau of Statistics (NBS) yesterday said Information and Communication Technology (ICT) sector had contributed 18.44 per cent to ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022. This isRead More

Oil Production Challenges, Inflation Retard Nigeria’s Economy In Q2 2022

Nigeria Oil Refinery
GDP growth slows to 3.54%, non-oil sector contributes 93.67% Nigeria Gross Domestic Product (GDP) grew by 3.54 per cent (year-on-year) in real terms in the second quarter of 2022, theRead More

NBC To Enforce 2.5 Per Cent Statutory Levy On Broadcasting Stations

National Broadcasting Commission
Threatens to sanction defaulters The National Broadcasting Commission has directed all licenced broadcasting stations, owned, established or operated by private individuals, federal, state and local government across the country onRead More

FG: Why We Can’t Generate Promised 5,000mw Of Power

Minister of Power, Mr. Abubakar Aliyu
Okays additional N765.9m for NDDC’s forensic audit Says report delaying commission’s board inauguration The federal government has justified its inability to achieve its promised 5,000 megawatts (mw) of electricity generationRead More