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 […]
Nigeria’s NIN Enrolment Hits 118.4 Million in March 2025
New data from the National Identity Management Commission (NIMC) reveals a significant surge in Nigeria’s National Identification Number (NIN) enrollment figures. As of March 2025, the total NIN […]
Nigerian Subscriber Drops Lawsuit Against MultiChoice over Price Hike
A Nigerian subscriber of DStv and GOtv, Festus Onifade, has withdrawn his lawsuit against the pay-TV operator for a 21% price increase. This marks an end to a […]
Nigeria Delays $81.5B Tax Case Against Binance to April 30
A Nigerian court has postponed the tax case against Binance, aiming for a resolution by April 30, 2025. Binance’s legal team seeks to have the earlier order allowing […]
Nigeria Delays Binance Tax Case, Dispute Over Service Methods
A Nigerian court has postponed the hearing in a high-profile tax evasion case against cryptocurrency exchange Binance until April 30th. This delay grants Nigeria’s Federal Inland Revenue Service […]
Binance Receives Court Extension in Nigeria Tax Dispute, Impacting Crypto Market
Binance has secured a court delay for submitting documents related to its Nigerian tax dispute. This legal battle stems from the request for financial records by Nigerian authorities, […]
Binance Tax Case: Legal Battle in Nigeria Halts Due to Service Objection
A high-stakes legal dispute between the Nigerian Federal Inland Revenue Service (FIRS) and crypto exchange Binance has stalled once again, with a court delay until April 30th. This […]
Nigerian Business Mogul Pascal Dozie Dies at 85
Pascal Dozie, a prominent Nigerian business figure and founder of Diamond Bank and former chairman of MTN Nigeria, has died at the age of 85. His death was […]
Binance Tax Evasion Trial Adjourned in Nigeria, Legal Battle Over Service Method Continues
A trial of Binance over alleged tax evasion in Nigeria has been postponed until April 30th. The delay arises from a legal challenge by the exchange regarding substituted […]