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Markets20 hours ago

Expert Bets on $500Bn Informal Capital to Cushion Africa’s Equity Exit Challenges  

Amid rising concerns over Africa’s capital exit challenges, leveraging the continent’s pool of informal capital alongside innovative technology could help...
PwC Releases 7 Trends to Shape Nigeria’s economy in 2024 PwC Releases 7 Trends to Shape Nigeria’s economy in 2024
Economy21 hours ago

Nigerian CEOs Optimistic about 2025 Economy – PwC Report
Nigerians Without Education Most Consumed by Poverty – World Bank Nigerians Without Education Most Consumed by Poverty – World Bank
Economy3 days ago

Nigerians Without Education Most Consumed by Poverty – World Bank
Company Reports3 days ago

CWG Rakes in N1.4bn Profit in Q1

Latest

Naira Down to N1,410/$ in Parallel Market
Economy1 year ago

BREAKING: CBN Sells Fresh $15.88m to BDCs at N1,101/$

In its continuous effort to defend the naira, the Central Bank of Nigeria (CBN) has just announced sales of fresh...
Global domestic flight
Aviation4 years ago

Global domestic flight demands surge in March – IATA
Gold rallies as Bitcoin languishes around $56K
Cryptocurrency4 years ago

Gold rallies as Bitcoin languishes around $56K
MTN Allots Incentive Shares to Shareholders
Telecoms4 years ago

MTN to expand network, refinance debt with completed N110bn bonds
Hadiza Bala-Usman
General4 years ago

Probe begins Monday as FG suspends NPA managing director, Bala-Usman
Unity Bank remains committed to supporting maize farmers – Somefun
Commodities News & Agribusiness4 years ago

Maize Importation Ban: CBN insists Nigerian farmers will provide missing 4.5 metrics tones
Naira Posts Negative Returns to Open Week
Economy4 years ago

Diaspora Remittances: Is CBN’s Naira 4 Dollar Scheme here to stay?

Top Reads

Zoho Unveils Advanced AI Features in Low-Code Development Platform
Technology3 days ago

Zoho Unveils Advanced AI Features in Low-Code Development Platform
CBEX Crypto
Cryptocurrency3 days ago

CBEX Crypto Firm Reboots Despite $940m Fraud Claim
News3 days ago

PalmPay Champions Contactless Payments at BusinessDay Future of Payment Conference
Telecoms6 days ago

MTN Nigeria Invests N202.4Bn to Strengthens Nationwide Connectivity
Telecoms2 days ago

Airtel Africa Partners SpaceX to Expand Internet Access in Underserved African Regions
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Economy

Proposed Raw Materials Bill Threatens Exporters, Manufacturers
Economy2 weeks ago

Proposed Raw Materials Bill Threatens Exporters, Manufacturers – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has strongly opposed the proposed Raw Materials Research and Development Council...
NNPC $60 Billion Investment NNPC $60 Billion Investment
Economy2 weeks ago

NNPC Targets $60 Billion Investment to Reclaim Nigeria’s Global Energy Influence
Economy2 weeks ago

Nigeria Takes Hunt for Global Capital to New York’s Nasdaq
Nigeria’s Inflation Rose to 24.23% in March 2025 – NBS
Economy3 weeks ago

Nigeria’s Inflation Rose to 24.23% in March 2025 – NBS
Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB
Economy4 weeks ago

Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB
April Savings Bond
Economy4 weeks ago

April Savings Bond: FG Entices Retail Investors with 17% Interest
Nigeria's domestic debt
Economy1 month ago

Nigeria’s Public Debt Profile Hits N144.67 Trillion
Nigeria's export
Economy1 month ago

FG Admits Trump’s Tariff Bad for Nigeria’s Exports
Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
Commodities News & Agribusiness1 month ago

Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
More Economy
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Markets

CBEX Crypto
Cryptocurrency3 days ago

CBEX Crypto Firm Reboots Despite $940m Fraud Claim

Despite being declared a ponzi scheme and its key staffers being on the run over alleged $940 million digital trading...
Equities Lose N208Bn as Investors React to March Inflation Equities Lose N208Bn as Investors React to March Inflation
Capital Market2 weeks ago

Equities Lose N208Bn as Investors React to March Inflation Data
CBEX: SEC, EFCC to prosecute influencers, celebrities promoting fraudulent investments The Securities and Exchange Commission (SEC) has warned that celebrities, influencers, and bloggers who promote unregistered investment schemes will face prosecution, as the commission moves to enforce provisions of the newly enacted Investments and Securities Act (ISA) 2025. In a statement released on Sunday in Abuja, SEC Director-General Emomotimi Agama said, “The law also covers influencers and bloggers who promote fraudulent schemes, with clear penalties, including imprisonment.” “We are using this opportunity to warn such individuals to immediately desist from promoting unregistered entities,” he added. Citing the recent collapse of CBEX, a digital investment platform accused of defrauding Nigerians of over N1.3 trillion, Agama said, “The collapse of CBEX underscores the urgency of our crackdown. We are shutting down their operations, and the promoters will face the full weight of the law.” He urged Nigerians to remain vigilant and always verify investment opportunities with the commission before committing funds. “If it sounds too good to be true, it probably is,” he warned. Agama reiterated the SEC’s commitment to protecting investors and enhancing market integrity. “We have dealt with similar schemes in the past and will continue to do so, leveraging the powers of the ISA 2025 to safeguard investors and develop the capital market,” he said. He also disclosed that the commission has taken proactive steps to prevent future occurrences. “The SEC has also established dedicated departments to monitor market activities and conduct inspections aimed at detecting irregularities early,” Agama said. “These proactive measures are designed to prevent large-scale frauds like CBEX from recurring.” CBEX: SEC, EFCC to prosecute influencers, celebrities promoting fraudulent investments The Securities and Exchange Commission (SEC) has warned that celebrities, influencers, and bloggers who promote unregistered investment schemes will face prosecution, as the commission moves to enforce provisions of the newly enacted Investments and Securities Act (ISA) 2025. In a statement released on Sunday in Abuja, SEC Director-General Emomotimi Agama said, “The law also covers influencers and bloggers who promote fraudulent schemes, with clear penalties, including imprisonment.” “We are using this opportunity to warn such individuals to immediately desist from promoting unregistered entities,” he added. Citing the recent collapse of CBEX, a digital investment platform accused of defrauding Nigerians of over N1.3 trillion, Agama said, “The collapse of CBEX underscores the urgency of our crackdown. We are shutting down their operations, and the promoters will face the full weight of the law.” He urged Nigerians to remain vigilant and always verify investment opportunities with the commission before committing funds. “If it sounds too good to be true, it probably is,” he warned. Agama reiterated the SEC’s commitment to protecting investors and enhancing market integrity. “We have dealt with similar schemes in the past and will continue to do so, leveraging the powers of the ISA 2025 to safeguard investors and develop the capital market,” he said. He also disclosed that the commission has taken proactive steps to prevent future occurrences. “The SEC has also established dedicated departments to monitor market activities and conduct inspections aimed at detecting irregularities early,” Agama said. “These proactive measures are designed to prevent large-scale frauds like CBEX from recurring.”
General2 weeks ago

N1.3tn Loss to CBEX: SEC, EFCC to Punish Influencers, Celebrities Promoting Fraudulent Investments
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Aisha Abdulaziz, CEO, Legend Internet
Capital Market3 weeks ago

Legend Internet Goes Public on NGX with 2bn Shares by Introduction
Overnight Rate
Capital Market3 weeks ago

Access, Unilever, Others Drive NGX to Positive Close
April Savings Bond
Economy4 weeks ago

April Savings Bond: FG Entices Retail Investors with 17% Interest
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Technology

Telecoms2 days ago

Airtel Africa Partners SpaceX to Expand Internet Access in Underserved African Regions
Zoho Unveils Advanced AI Features in Low-Code Development Platform Zoho Unveils Advanced AI Features in Low-Code Development Platform
Technology3 days ago

Zoho Unveils Advanced AI Features in Low-Code Development Platform
Telecoms6 days ago

MTN Nigeria Invests N202.4Bn to Strengthens Nationwide Connectivity
NCC Boss Maida Calls for Overhaul NCA 2003 to Secure Nigeria’s Digital Future NCC Boss Maida Calls for Overhaul NCA 2003 to Secure Nigeria’s Digital Future
Telecoms1 week ago

NCC Boss Maida Calls for Overhaul of NCA 2003 to Secure Nigeria’s Digital Future
Technology1 week ago

Digital Realty Launches ServiceFabric in Nigeria to Boost Global, Local Connectivity
Mobile-first Shopping Mobile-first Shopping
Technology2 weeks ago

How 160m Nigerian Youths are Driving a New Era Mobile-first Shopping
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Crypto Market

Trump Tariffs Bitcoin Trump Tariffs Bitcoin
Cryptocurrency1 month ago

Bitcoin Slips below $82,000 as Trump Slams New Tariffs for 185 Countries

The price of Bitcoin slipped below $82,000 on Thursday as U.S. President Donald Trump’s massive new tariffs shook Wall Street...
Nigeria SEC Amending Regulations to Tax Cryptocurrency Transactions Nigeria SEC Amending Regulations to Tax Cryptocurrency Transactions
Cryptocurrency3 months ago

Nigerian Authority Amending Regulations to Tax Cryptocurrency Transactions

The Securities and Exchange Commission (SEC) is amending regulations to ensure that all eligible transactions on regulated exchanges fall within...
$80,000 Mark in View as Bitcoin Rides on US Election Frenzy $80,000 Mark in View as Bitcoin Rides on US Election Frenzy
Cryptocurrency6 months ago

$80,000 Mark in View as Bitcoin Rides on US Election Frenzy

Bitcoin has experienced wild price swings since Vice President Kamala Harris announced her candidacy for the U.S. Presidential election in...

Commodities News & Agribusiness

Oil Prices Slide over 2% on Iran Deal, OPEC+ Output, Economic Concerns Oil Prices Slide over 2% on Iran Deal, OPEC+ Output, Economic Concerns
Commodities News & Agribusiness2 weeks ago

Oil Prices Slide over 2% on Iran Deal, OPEC+ Output, Economic Concerns
Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
Commodities News & Agribusiness1 month ago

Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
Oil Slides Below $80 amidst Uncertainties in U.S Policies Oil Slides Below $80 amidst Uncertainties in U.S Policies
Commodities News & Agribusiness4 months ago

Oil Slides Below $80 amidst Uncertainties in U.S Policies
Cocoa exports and Production in Nigeria Cocoa exports and Production in Nigeria
Commodities News & Agribusiness8 months ago

Nigeria’s Cocoa Exports Jump 304% on Demand, Naira

Finance

SANEF CEO Uzoebo SANEF CEO Uzoebo
Finance2 weeks ago

AI Will Drive the Future of Financial Inclusion – SANEF CEO Uzoebo
Finance2 weeks ago

PAFON 2.0: Experts Outline Key Strategies to Accelerate Financial Inclusion in Nigeria
Appointments2 weeks ago

CBN’s Hakama Ali Reclaims Title as Best Banking Sector Spokesperson
AfDB Capital Base AfDB Capital Base
Finance4 weeks ago

AfDB Basks in Global Recognitions for Transforming Africa with $318bn Capital Base
Digital Payment Adoption in Africa Digital Payment Adoption in Africa
Fintech4 weeks ago

Expert Highlights Strategies for Driving Digital Payment Adoption in Africa
United Capital dividend United Capital dividend
Finance1 month ago

United Capital Shareholders Get N9bn Dividend Today
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Viewpoints

How Nigerian Businesses Can Leverage Agentic AI for Growth and Efficiency
Technology4 weeks ago

How Nigerian Businesses Can Leverage Agentic AI for Growth and Efficiency

By Kehinde Ogundare, Country Head, Zoho Nigeria Artificial Intelligence (AI) is revolutionising industries globally, and Nigeria is no exception to...
Trump’s 14% Tariff, a Critical Test of Resilience for Nigeria Trump’s 14% Tariff, a Critical Test of Resilience for Nigeria
Economy1 month ago

Trump’s 14% Tariff, a Test of Resilience for Nigeria
Education3 months ago

  UNIABUJA and Its Leadership: Who the Cap Fits?
General4 months ago

BOOK REVIEW: Taking Nigerian Small Businesses to Paradise
Tinubu's Quest to Overcome the Power Sector Gridlock
Energy4 months ago

On Tinubu’s Quest to Overcome Power Sector Gridlock
Tinubu's visit to Enugu
Opinion4 months ago

Significance of President Tinubu’s Enugu Visit
Economy4 months ago

Making Nigeria Strong Again: Addressing the Weakness of a National Economy
Baba Obasanjo and the NNPCL Refineries,
Energy4 months ago

Baba Obasanjo and the NNPCL Refineries
Facts Behind MultiChoice’s Subscriber Numbers
General6 months ago

Facts Behind MultiChoice’s Subscriber Numbers
More Viewpoints

General News

Mohammed Adamu
Politics2 weeks ago

Ex-IGP Mohammed Adamu’s Legacy Under Spotlight as He Joins Nasarawa Governorship Race

According to political analysts, Adamu’s career record and post-service controversies could pose significant challenges to his political aspirations
Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB
Economy4 weeks ago

Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB
OneData Partners Caleb University OneData Partners Caleb University
Education1 month ago

OneData Partners Caleb University on Campus Connectivity, Digital Innovation
NNPC Board
Energy1 month ago

Group Asks Tinubu To Remove Member of New NNPC Board, Explains Why
Nigeria's domestic debt
Economy1 month ago

Nigeria’s Public Debt Profile Hits N144.67 Trillion
Trump Gold Card Visa
General1 month ago

Trump Unveils First $5m ‘Gold Card’ Visa
Heirs Holdings Partners with GIVO Africa to Tackle Plastic Waste
General2 months ago

Heirs Holdings Partners with GIVO Africa to Tackle Plastic Waste
Mike Okonkwo Essay Competition
Education2 months ago

Winner of Mike Okonkwo Essay Competition to Get N1m Cash Prize
Federal University of Medicine and Medical Sciences
Education2 months ago

Tinubu Appoints Olukayode Gregory Pioneer Registrar of New Federal University
More General News

Travels & Aviation

Emirates World’s First Autism Certified Airline
Aviation4 months ago

Emirates Set to Become World’s First Autism Certified Airline

PRESS RELEASE Emirates is on the path to becoming the world’s first Autism Certified Airline, a milestone that reflects its...
The World’s Top 10 Safest Airlines for 2025 The World’s Top 10 Safest Airlines for 2025
Aviation4 months ago

The World’s Top 10 Safest Airlines for 2025
Economy4 months ago

China Development Bank Approves $254.76m Loan for Nigeria’s Kano-Kaduna Railway Project 
Autos5 months ago

How Smart Video is Defining Future EV Infrastructure
African Airline Travel
Aviation6 months ago

Demand for African Airline Tickets Surges by 11.9% – IATA
Aviation8 months ago

Airbus Names Gabriel Semelas to Lead Airbus in Africa and the Middle East
Wakanow.com Advances Partnership opportunities with Air Côte d'Ivoire
Aviation10 months ago

Wakanow Advances Partnership Opportunities with Air Côte d’Ivoire
Speedbird Pilot Academy
Aviation10 months ago

APPLY: British Airways to Spend £21m to Train 200 Pilots
wakanow
Travels11 months ago

Wakanow Positions for $38BN Revenue Boom in Africa’s Travel, Tourism Sector 
More Travels & Aviation

Appointments & RECOGNITIONS

Appointments1 month ago

BREAKING: Tinubu Sacks Kyari as NNPC Group CEO, Appoints Bayo Ojulari

President Bola Tinubu has fired Mele Kyari as the group chief executive officer of the Nigerian National Petroleum Company Limited...
Adenike Ogunlesi Adenike Ogunlesi
Appointments1 month ago

Unilever Nigeria Appoints Adenike Ogunlesi as Independent Non-Executive Director
Appointments2 months ago

President Tinubu Appoints Ogunjimi as Accountant General of the Federation
Tinubu Appoints Abba Aliyu Rural Managing Director of Electrification Agency
Appointments3 months ago

Tinubu Appoints Abba Aliyu Rural Managing Director of Electrification Agency
Africa Prudential Appoints Oluwaseyi Abe, Chidi Okpala to Board of Directors
Appointments3 months ago

Africa Prudential Appoints Oluwaseyi Abe, Chidi Okpala to Board of Directors
Eterna Olumide Adeosun
Appointments4 months ago

Eterna Plc Appoints Olumide Adeosun as Managing Director
Kingsley Ifeanyi Adonu
Appointments4 months ago

Kingsley Ifeanyi Adonu Bags MTN Nigeria Partners Award 2024
Henrietta Ugboh
Appointments6 months ago

UBA Appoints Henrietta Ugboh Independent Non-executive Director
Equinix Wole Abu
Appointments6 months ago

Equinix Appoints Wole Abu as MD for West Africa as Funke Opeke Steps Down
More Appointments & RECOGNITIONS

Energy

Nigeria needs $410bn as REA backs local solar firm
Energy1 week ago

REA, LPV Technologies Partner to Boost Renewable Energy

The Rural Electrification Agency (REA) has partnered with LPV Technologies to strengthen Nigeria’s renewable energy sector and curb capital flight....
Dangote Refinery Dangote Refinery
Energy4 weeks ago

Dangote Refinery Slashes Petrol Price to N867
Energy4 weeks ago

AVEVA Deploys Data Management Support for Renewable Natural Gas Projects
NNPC Board
Energy1 month ago

Group Asks Tinubu To Remove Member of New NNPC Board, Explains Why
prepaid meters
Energy1 month ago

Delivery of 3.2m Prepaid Meters Begins in April – FG
We Have Over N600bn Worth of Petrol in Store ― Dangote
Energy2 months ago

We Have Over N600bn Worth of Petrol in Store ― Dangote
FG Bans Fuel Tankers from Roads
Economy3 months ago

BREAKING: FG Bans Fuel Tankers from Roads
Tinubu Appoints Abba Aliyu Rural Managing Director of Electrification Agency
Appointments3 months ago

Tinubu Appoints Abba Aliyu Rural Managing Director of Electrification Agency
Tinubu's Quest to Overcome the Power Sector Gridlock
Energy4 months ago

On Tinubu’s Quest to Overcome Power Sector Gridlock
More Energy

Showbiz

Dutch Authorities Fine Netflix €4.75M for Data Breach 
General5 months ago

Dutch Authorities Fine Netflix €4.75M for Data Breach 

Dutch authorities have imposed a €4.75 million ($4.98 million) fine on  Netflix for failing to adequately inform subscribers about how their personal...
Seven Doors Premiere Seven Doors Premiere
Showbiz5 months ago

Femi Adebayo’s Seven Doors Premiere Set To Dazzle At Imax Lekki On December 11th
Dutch Authorities Fine Netflix €4.75M for Data Breach  Dutch Authorities Fine Netflix €4.75M for Data Breach 
News10 months ago

Netflix Inflates Subscription Price by 40%
Water and Garri
Showbiz12 months ago

TECNO Takes Centre Stage at ‘Water and Garri’ Movie Premier
Nigerian Artists Reap N25bn In Spotify Streaming Royalties In 2023
Showbiz12 months ago

Nigerian Artists Reap N25BN in Spotify Streaming Royalties in 2023
EU Slams Apples $1.95 Billion Antitrust Fine
Showbiz1 year ago

EU Slams Apple with $1.95 Billion Antitrust Fine
spotify afrobeats
Entertainment1 year ago

Spotify’s Afrobeats Journey to a Billion Streams Site gets Fresh Updates 
DecemberIssaVybe
Showbiz1 year ago

FirstBank DecemberIssaVybe Asake Kicks Off 2023 Superstar Concerts, Events
Burna Boy
Showbiz1 year ago

Burna Boy Leads as top streamed African artist in Sub Saharan Africa
More Showbiz

Sports

News7 months ago

Nigerian-born Bodybuilder Samson Dauda Wins 2024 Mr Olympia, Takes Home $600k Prize
PalmPay Champions Responsible Gaming to Curb Fraud Among Sports Pundits in Nigeria PalmPay Champions Responsible Gaming to Curb Fraud Among Sports Pundits in Nigeria
Sports1 year ago

PalmPay Champions Responsible Gaming to Curb Fraud Among Sports Pundits in Nigeria
Unity in Victory: TECNO's Bold Move Amplifies Community Spirit at AFCON Showdown In a bold move to immerse Nigerian football enthusiasts in the AFCON semi-final clash between the Super Eagles of Nigeria and the Bafana Bafana boys of South Africa, TECNO turned Ojo Square in Yaba into a vibrant arena of football enthusiasm. The crowd, buzzing with energy, witnessed not just a game but a dynamic spectacle where TECNO's commitment to community engagement took centre stage. As the Super Eagles dazzled on the field, the atmosphere crackled with anticipation, and TECNO seized the moment, transforming the viewing party into a carnival of surprises. Amidst spirited games, cheers, and jubilation, the crowd celebrated each goal as TECNO elevated the experience with unexpected thrills. The climax came with Nigeria's victory, celebrated in a crescendo of unity as Mr Real dazzled with his tune, Legbegbe. Amidst the jubilation, Jason Akpanema emerged as the fortunate winner of the TECNO SPARK 20 device by correctly predicting the match's outcome, igniting a new wave of applause. The TECNO SPARK 20 Viewing Party wasn't just about football; it was a testament to TECNO's bold approach to community engagement, turning moments into memories that resonate far beyond the pitch. It was a swell time, and these pictures only give a sneak peek into what was happening at the TECNO SPARK 20 Viewing Party. Unity in Victory: TECNO's Bold Move Amplifies Community Spirit at AFCON Showdown In a bold move to immerse Nigerian football enthusiasts in the AFCON semi-final clash between the Super Eagles of Nigeria and the Bafana Bafana boys of South Africa, TECNO turned Ojo Square in Yaba into a vibrant arena of football enthusiasm. The crowd, buzzing with energy, witnessed not just a game but a dynamic spectacle where TECNO's commitment to community engagement took centre stage. As the Super Eagles dazzled on the field, the atmosphere crackled with anticipation, and TECNO seized the moment, transforming the viewing party into a carnival of surprises. Amidst spirited games, cheers, and jubilation, the crowd celebrated each goal as TECNO elevated the experience with unexpected thrills. The climax came with Nigeria's victory, celebrated in a crescendo of unity as Mr Real dazzled with his tune, Legbegbe. Amidst the jubilation, Jason Akpanema emerged as the fortunate winner of the TECNO SPARK 20 device by correctly predicting the match's outcome, igniting a new wave of applause. The TECNO SPARK 20 Viewing Party wasn't just about football; it was a testament to TECNO's bold approach to community engagement, turning moments into memories that resonate far beyond the pitch. It was a swell time, and these pictures only give a sneak peek into what was happening at the TECNO SPARK 20 Viewing Party.
Sponsored1 year ago

Unity in Victory: TECNO’s Bold Move Amplifies Community Spirit at AFCON Showdown
Sports2 years ago

Super Falcons’ World Cup Outing in Retrospect
Super Falcons Crash Out of 2023 Women World Cup Super Falcons Crash Out of 2023 Women World Cup
Sports2 years ago

Super Falcons Crash Out of 2023 Women World Cup
Erling Haaland Emerges Most Expensive Players with Worth €245million. See Others Erling Haaland Emerges Most Expensive Players with Worth €245million. See Others
Sports2 years ago

Erling Haaland Emerges Most Expensive Players with Worth €245million. See Others
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