finance

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Hackers Steal N9.3bn: Court Orders Banks to Return Stolen Funds Immediately

April 24, 2025
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CYBERCRIME, finance, Judiciary

Court Orders 54 Banks to Return N9.3bn Stolen by Hackers

Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered 54 banks to immediately return a total of N9,329,322,870 fraudulently transferred by hackers from an unnamed old...

OPay Empowers Students with N1.2bn Scholarship

April 23, 2025
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finance, Education, Opay

OPay Extends N1.2bn Scholarship Initiative to Empower University of Ilorin Students

In a move to empower Nigeria’s youths, OPay, one of the nation’s leading financial institutions, has extended its N1.2bn 10-year scholarship initiative to students of the University of Ilorin....

SEC Warns Influencers: New ISA 2025 Law Targets Unregistered Investment Schemes

April 21, 2025
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finance, SEC

SEC Cracks Down on Influencers Promoting Unregistered Investment Schemes Under New ISA 2025 Law

The Securities and Exchange Commission has warned influencers, bloggers, and celebrities to desist from promoting unregistered investment schemes or risk legal consequences. In a statement made available to our...

April 16, 2025
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finance, EFCC, fraud, Investment, Ponzi Scheme

CryptoBank Exchange (CBEX): The Rise, Collapse, and Consequences of Nigeria’s Latest Ponzi Scheme

In April 2025, Nigeria was shaken by the collapse of another large-scale financial scam—CryptoBank Exchange (CBEX)—an online investment platform that allegedly defrauded thousands of investors of approximately ₦1.3 trillion or...

April 15, 2025
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Investment, finance, Ponzi Scheme

CBEX Crisis: Can Nigerians Still Withdraw Their Funds? Here’s What You Need to Know

Nigerians on several social media platforms have begun to count their losses as a digital asset trading platform popularly known as CBEX reportedly swept over N1.3 trillion from their...

April 15, 2025
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finance, Investment

Chaos in Ibadan: Angry Investors Loots CBEX Office After Digital Trading Platform Collapse Leaves Users with Empty Accounts

A group of angry individuals stormed the CBEX office located in the Oke Ado area of Ibadan, Oyo State, on Monday, looting furniture and other items after the digital...

April 2, 2025
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finance, Lagos state

LASG, LIFC COUNCIL SEEK INVESTORS’ SUPPORT FOR LAGOS INTERNATIONAL FINANCIAL CENTRE

The Lagos State Government, in partnership with EnterpriseNGR under the platform of the Lagos International Financial Centre (LIFC), have called on foreign and local investors to support and partnership...

March 27, 2025
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finance, ECONOMY, PAFON

Payments Forum Nigeria (PAFON 2.0) Set to Address Customer Experience in AI-Driven Payment Ecosystem

The highly anticipated Payments Forum Nigeria (PAFON) 2.0 is set to convene industry leaders, policymakers, fintech innovators, and key stakeholders to discuss the evolving landscape of digital payments, with...

March 13, 2025
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finance, AI, Cyber security, Technology

Payments Forum Nigeria (PAFON 2.0) Set to Address Customer Experience in AI-Driven Payment Ecosystem

March 6, 2025
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ECONOMY, finance, mtn

How MTN’s Financial Woes Highlight the Challenges of Doing Business in Nigeria

Doing business in Nigeria is tough. While we say this all the time, nothing makes it more real than the release of annual financial reports. Take MTN Nigeria’s latest...