A digital asset platform called CBEX has collapsed, leaving thousands of Nigerians and Kenyans in shock after losing over $800 million in what investigators describe as a well-planned Ponzi scheme. …
Nigeria
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BusinessCrimeCyber securityFinance & ServicesKenyaNigeriaTechnologyWestern Africa
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Digital EconomyEconomyGOVERNMENTNigeriaOil & Gas
Agbakoba: Over-Concentration of Power is Nigeria’s Biggest Challenge to Economic Growth
Dr. Olisa Agbakoba, a respected lawyer and former president of the Nigeria Bar Association (NBA), has warned that Nigeria’s over-centralised governance structure is preventing the country from reaching its full …
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AviationBusinessEconomyInternational RelationsTransportation & Logisitics
Keyamo announces Nigeria-Tanzania direct flight
Nigeria and Tanzania are set to improve their relationship as both countries begin moves to launch direct flights that will link the two nations by air. This was made known …
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Arts & CultureNigeriaWestern Africa
Nigerian Traditional and Religious Leaders Join Forces with Ford Foundation to Tackle Gender-Based Violence
Nigerian traditional, religious, and community leaders are partnering with the Ford Foundation to address gender-based violence (GBV) in West Africa by transforming harmful cultural and religious practices that reinforce inequality. …
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AfricaBusiness and EconomyInternational RelationsPoliticsTrade and Commerce
Trump Pauses Tariff Hikes for 90 Days—China Excluded
United States President Donald Trump has announced a temporary suspension of increased trade tariffs for all countries except China. The pause, which will last for 90 days, was made public …
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DevelopmentEconomyEducationFinance & ServicesInsurance
FRC, NADP lament dearth of actuarial professionals
The Financial Reporting Council of Nigeria (FRC) and the Nigerian Actuarial Development Programme (NADP) have raised alarm over the shortage of actuarial professionals in the country. This was discussed during …
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DevelopmentEconomyEducationGOVERNMENT
W’Bank lends Nigeria $1.08bn for education, nutrition, economic boost
The World Bank has announced the approval of three major financing operations worth a total of $1.08 billion to support key sectors in Nigeria, including education, nutrition, and economic resilience. …
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BusinessEconomyEnergyGOVERNMENTPolitics
EXPLAINER-What to know as a new CEO takes over at Nigeria’s state oil firm NNPC
Nigeria’s President Bola Tinubu has appointed former Shell executive Bayo Ojulari as the new head of the Nigerian National Petroleum Company (NNPC) along with a new board, raising hopes for …
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Nigeria and Spain have signed a memorandum of understanding (MoU) to establish political and diplomatic consultations. The agreement, signed by Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, and his Spanish …
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Banking, Finance & InvestmentBusinessEconomy
Wema Bank to pay N1 final dividend, commences N150b rights issue
Wema Bank Nigeria has released its audited consolidated financial statements for the year ending December 31, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per …