Nigerian President Tinubu has signed the 2025 Investment and Securities Act, officially classifying Bitcoin and other digital assets as securities. This new legislation replaces the 2007 Investment and […]
Nigerian Authorities Declare $812 Million Crypto Scam Suspect Wanted
The Economic and Financial Crimes Commission (EFCC) has issued a warrant for the arrest of Elie Bitar, a foreign national accused of running a massive cryptocurrency fraud scheme […]
CBN Fines Paystack $250 Million for Operating Consumer Product ‘Zap’ Beyond Regulatory Scope
The Central Bank of Nigeria (CBN) has imposed a significant fine on Paystack, a prominent Nigerian fintech company, for allegedly operating its consumer product, Zap by Paystack, in […]
Nigeria Reactivates Tinted Glass Permit Portal, Addressing Safety Concerns
The Nigerian Police Force has resumed issuing Tinted Glass Permits (TGPs), aiming to address complaints of harassment related to tinted windows. This move follows the surge in modern […]
Nigerian Banks Hike SMS Alert Fees Amidst Telecom Tariff Increase
Nigerian banks have announced the increase of SMS transaction alert fees from ₦4 to ₦6, effective May 1, 2025. This adjustment follows a 50% telecom tariff hike approved […]
Starlink Raises Monthly Subscription Price in Nigeria by 57% – Effective May 30th
Starlink, an internet connectivity provider, has increased its monthly subscription price for users in Nigeria from N38,000 to N57,000. This price hike comes into effect on May 30th, […]
Nigerian Telecom Operators Invest $1 Billion in Infrastructure Expansion
Nigerian telecom operators have embarked on a major investment spree, committing over $1 billion to upgrade their network infrastructure. This decision marks a significant step toward improving service […]
C-One Ventures Acquires Bankly; CEO to Remain in Advisory Role
C-One Ventures has acquired Bankly, a Nigerian fintech company with a focus on microfinance and banking services. This move sees the company’s operations fully integrated into C-One Ventures’ […]
inDrive Delays Credit Facility Launch in Nigeria, Focuses on Latin America
Nigerian e-hailing drivers face growing financial strain, but inDrive’s credit facility, inDrive.Money, is not expected to launch in the country anytime soon. Despite its successful rollout in Peru […]
Missing JAMB Candidate Found Safe After Chilling ordeal
A 17-year-old Nigerian student, Esther Oladele, has been found safe after a harrowing 24-hour disappearance during her Unified Tertiary Matriculation Examination (UTME) registration. Esther’s journey began with her […]
Nigeria’s EFCC Issues Arrest Warrant for Six CBEX Promoters
A federal high court in Nigeria has granted the Economic and Financial Crimes Commission (EFCC) permission to arrest and detain six individuals suspected of running a massive Ponzi […]
Nigerian Court Approves Arrest of Six Over Crypto Bridge Exchange Fraud
A Nigerian high court has authorized the arrest of six individuals suspected of running a fraudulent cryptocurrency platform that allegedly swindled investors out of 1 billion naira (about […]
Uber, Bolt, inDrive Face Accusations of Corporate Insensitivity as Drivers Boycott in Rivers
In a move to highlight concerns regarding working conditions and fair pay, drivers across Rivers State have announced a boycott of Uber, Bolt, and inDrive apps on May […]
Nigerian Court Greenlights Arrest of Six CBEX Promoters Over Investment Fraud
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 […]