A Nigerian high court has granted the country’s Economic and Financial Crimes Commission (EFCC) authority to arrest six individuals suspected of running investment fraud at Crypto Bridge Exchange […]
Meta Fined $220 Million for Data Breaches in Nigeria
Following an extensive investigation that began in May 2021, the Federal Competition and Consumer Protection Commission (FCCPC) collaborated with the Nigeria Data Protection Commission (NDPC) to probe Meta’s […]
Niger State: Emerging Tech Powerhouse of Nigeria
Nestled in Nigeria’s heartland, Niger State has long been underestimated. Spanning over 76,000 square kilometers, it boasts vast land resources and a rich history. This land, dubbed the […]
Nigerian Bank Hit with N9.3 Billion Cyber Heist
A devastating cyberattack has resulted in a $24 million theft from a Nigerian bank. The attack, which leverages advanced iFrame technology to bypass security measures, highlights the increasing […]
TETFund & Innov8 Hub Launch Cohort 5-7 of TETFAIR Program – Bridging the Gap Between Academia & Industry
Nigeria boasts a wealth of promising academic talent. However, translating research into tangible solutions has often been challenging. The Tertiary Education Trust Fund (TETFund), in partnership with Innov8 […]
Nigerian Court Orders Arrest of Six Promoters in $1 Billion CBEX Scam
The Nigerian Federal High Court in Abuja has issued an arrest warrant for six individuals suspected of orchestrating a $1 billion investment scam targeting Nigerians using the now-collapsed […]
Nigerian States Waive Right of Way Fees to Bridge Digital Divide
To connect underserved communities across Nigeria and accelerate its digital transformation, 12 states have waived right-of-way (RoW) fees, a key obstacle to expanding broadband infrastructure. This bold initiative, […]
Nigeria Reaches 1 Terabit per Second Bandwidth Milestone
A major achievement for Nigerian internet infrastructure has been reached, with the country now boasting a 1 terabit per second (Tbps) capacity for data transmission. This milestone was […]
Digital Consumers Fuel Nigeria’s New E-Commerce Boom
Nigeria’s digital revolution is transforming its retail landscape, and the driving force behind this shift? The country’s youth. Armed with smartphones and a strong need for affordability, this […]
Nigerian Web3 Startups Secures $130 Million Funding Despite Global Economic Challenges
Nigeria continues to lead in Web3 innovation, raising a remarkable $130 million for over 80 startups in 2024. The nation’s thriving Web3 ecosystem is fueled by a growing […]
CBEX Ponzi Scheme Leaves Nigerian Investors Financially Scarred
A fraudulent investment platform known as CBEX has left Nigerian investors financially vulnerable. The Economic and Financial Crimes Commission (EFCC) is leading the investigation into this alleged Ponzi […]
Nigerian Web3 Startups Secure Major Funding Round of $130 Million
A surge of interest in Web3 technologies is driving funding for startups across Nigeria, with recent reports indicating a significant $130 million investment round specifically for these companies.
CBEX Scam Leaves Nigerians Locked Out, $809 Million Disappears
Nigerian investors are facing a devastating fallout after digital asset platform CBEX allegedly drained over $809 million from accounts. The company’s controversial ‘double your money every month’ scheme […]
Investors Storm CBEX Office in Ibadan After $847 Million Ponzi Scheme Collapse
Following the collapse of the digital asset trading platform CBEX, which reportedly held an estimated $847 million in investor funds, a mob of angry investors stormed the platform’s […]
CBEX Collapse Sparks Outrage as Nigerians Looting Office Amidst Ponzi Scheme Allegations
Nigerians are reeling from the sudden collapse of CBEX, a digital asset trading platform, which has left hundreds of users facing devastating losses. After the exchange announced suspension […]