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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

Fuel Price Hike: Labour Walks Out Of Talks With FG

Petrol pump
Leaders of the organised labour walked out on the Minister of Labour and Employment, Chris Ngige and other Federal Government’s representatives during a meeting held at the Presidential Villa, Abuja,Read More

Multiple Taxes, Extortion Crippling SMEs In Abuja

Utako Market
Small businesses can’t use signposts for fear of exploitation AMAC, AEPB, public health, others collect levies They’re sabotaging FG’s support for upcoming businesses – Experts Small and Medium Enterprises (SMEs)Read More

How Commercial Banks Are Aiding Fraud – Sen. Lawan

Senate President, Ahmad Lawan
Senate President, Ahmad Lawan, yesterday in Abuja urged the nation’s anti-corruption agencies to beam their searchlights on operations of commercial banks. Lawan, during his investiture and induction as Patron byRead More

Access Bank Grows Profit By 16% To N102bn In Nine Months

Access Bank
Access Bank Plc’s unaudited results for the nine months ended September 30, 2020, has shown that the bank delivered strong top line figures despite the challenging landscape occasioned by COVID-19Read More

Kyari: Era Of Waste In Nigeria’s Oil Industry Over

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said the era of waste and lack of transparency in the oil industry is over. He saidRead More

Money Laundering: EFCC Lists Requirements For Registration Of Law Firms, Lotteries, Casinos, NGOs

The Economic and Financial Crimes Commission (EFCC)
Closes defence in N5m fraud case against Benue Deputy Speaker, others In its bid to contain money laundering activities in the country, the Economic and Financial Crimes Commission (EFCC) hasRead More

OPEC Projects 11m bpd Oil Demand Shortfall By December

Organisation of Petroleum Exporting Countries (OPEC)
Banks on COVID-19 vaccines for market recovery US company, Moderna, announces 95% efficient vaccine By Emmanuel Addeh in Abuja and Martin Ifijeh in New Jersey, USA The Organisation of PetroleumRead More

Discos Blame TCN For Irregular Power Supply

A power transmission system
Electricity Distribution Companies (Discos) have painted an unflattering picture of how the Transmission Company of Nigeria (TCN) contributes to the erratic power supply in the country, describing the only government-controlledRead More

Access Bank Awarded Sustainability Certification Under SSCI Programme

Access Bank
As the sustainability leader in Africa, Access Bank PLC has been awarded the Sustainability Certification under the Sustainability Standards and Certification Initiative (SSCI). The certification audit process saw Access BankRead More