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 […]
Nigerian Entrepreneur’s Funds Frozen: Legal Battles and the Future of Fintech
A Nigerian entrepreneur recently experienced a concerning episode involving the freezing of his accounts by OPay and Kuda, allegedly due to a suspected fraud case linked to Union […]
CBEX Ponzi Scheme Allegations Spark Outrage Amid Users’ Funds Disappearance
Social media has erupted following claims that CBEX, a controversial investment platform, may be operating as a Ponzi scheme. The emergence of these allegations coincided with users losing […]