Business
CBEX Resumes Operations Despite SEC Ban
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 Scarcity: NMDPRA Threatens To Shutdown Filling Stations Hoarding Fuel In Kogi
The Nigeria Midstream Downstream Petroleum Regulatory Agency (NMDPRA) has threatened to shut down filling stations hoarding Premium Motor Spirit, (PMS), popularly called fuel to cause scarcity in Kogi State. TheRead More
Oil Marketers Raise The Alarm, Accuse Airline Operators Of Trying To Force Subsidy On Aviation Fuel
Wonder why only local airlines are complaining about rising ATK price, scarcity AON halts plan to suspend flight operations Chevron terminates Caverton’s contract Some petroleum products marketers have warned thatRead More
Nigeria’s Private Refineries’ Operators Groan Under Weight Of Crude Scarcity As NNPC Focuses On Export
he few small-scale refineries operating in Nigeria are facing a huge challenge of crude oil supply, as the Nigerian National Petroleum Company (NNPC) Limited continues to focus on exporting theRead More
Badagry Deep Seaport: FG Receives Full Business Case Compliance Certificate From ICRC
The federal government through the Ministry of Transportation yesterday received the Full Business Case Compliance Certificate on the Badagry Deep Seaport and the Modular Floating Dockyard from the Infrastructure ConcessionRead More