Connect with us
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
Telecoms23 hours ago

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

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has made a compelling case for the...
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 & Agribusiness1 week ago

Oil Prices Slide over 2% on Iran Deal, OPEC+ Output, Economic Concerns
State of Digital Development in Africa repor State of Digital Development in Africa repor
Telecoms1 week ago

Digital Divide: 62% of Africans Remained Offline in 2024
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.”
General1 week ago

N1.3tn Loss to CBEX: SEC, EFCC to Punish Influencers, Celebrities Promoting Fraudulent Investments

Latest

NCC Nigerian rural connectivity
Telecoms2 months ago

USPF Secretary Applauds ITU, UK-FCDO’s partnership on Nigerian rural connectivity

By Olawale Azeez The Secretary of the Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC), Mr. Yomi...
Skills Acquisition Programme
General10 months ago

Skills Acquisition Programme: NASENI Trains Osun Youths on Modern Shoemaking and Tailoring
Jude Chiemeka
Appointments10 months ago

Chiemeka’s Appointment as NGX CEO will Deepen Market Growth – Professional Group
Education10 months ago

Minister Contains FCET Crisis, Orders Provost’s Return to Office
Palmpay gift card
Fintech10 months ago

How to Save up to 5% on Your Next Gift Card Purchase on PalmPay
Police Arraigns Father and Son over Alleged N75m Fraud
General10 months ago

Police Arraigns Father and Son over Alleged N75m Fraud
Sundry Markets
News10 months ago

Financial Times Ranks Sundry Markets among Africa’s 50 Fastest Growing Companies

Top Reads

Mohammed Adamu
Politics4 days ago

Ex-IGP Mohammed Adamu’s Legacy Under Spotlight as He Joins Nasarawa Governorship Race
SANEF CEO Uzoebo
Finance4 days ago

AI Will Drive the Future of Financial Inclusion – SANEF CEO Uzoebo
Technology23 hours ago

Digital Realty Launches ServiceFabric in Nigeria to Boost Global, Local Connectivity
Advertisement

Economy

Proposed Raw Materials Bill Threatens Exporters, Manufacturers
Economy1 week 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
Economy1 week ago

NNPC Targets $60 Billion Investment to Reclaim Nigeria’s Global Energy Influence
Economy1 week ago

Nigeria Takes Hunt for Global Capital to New York’s Nasdaq
Nigeria’s Inflation Rose to 24.23% in March 2025 – NBS
Economy2 weeks ago

Nigeria’s Inflation Rose to 24.23% in March 2025 – NBS
Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB
Economy3 weeks ago

Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB
April Savings Bond
Economy3 weeks ago

April Savings Bond: FG Entices Retail Investors with 17% Interest
Nigeria's domestic debt
Economy3 weeks ago

Nigeria’s Public Debt Profile Hits N144.67 Trillion
Nigeria's export
Economy3 weeks ago

FG Admits Trump’s Tariff Bad for Nigeria’s Exports
Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
Commodities News & Agribusiness3 weeks ago

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

Markets

Equities Lose N208Bn as Investors React to March Inflation
Capital Market1 week ago

Equities Lose N208Bn as Investors React to March Inflation Data

The local bourse extended its bearish run for another week as investors reacted negatively to the latest worsening inflation data...
Overnight Rate Overnight Rate
Capital Market2 weeks ago

Access, Unilever, Others Drive NGX to Positive Close
April Savings Bond April Savings Bond
Economy3 weeks ago

April Savings Bond: FG Entices Retail Investors with 17% Interest
Advertisement
Money Market: N2.53 Trillion Net Inflow Boosts System Liquidity
Money and Fixed Income3 weeks ago

Money Market: N2.53 Trillion Net Inflow Boosts System Liquidity
Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
Commodities News & Agribusiness3 weeks ago

Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
United Capital dividend
Finance4 weeks ago

United Capital Shareholders Get N9bn Dividend Today
More Markets

Technology

Technology23 hours ago

Digital Realty Launches ServiceFabric in Nigeria to Boost Global, Local Connectivity
Mobile-first Shopping Mobile-first Shopping
Technology1 week ago

How 160m Nigerian Youths are Driving a New Era Mobile-first Shopping
Digital Cloud Academy Digital Cloud Academy
Technology2 weeks ago

UK-Based Digital Cloud Academy Equips Nigerians with Tech Skills in Demand
How Nigerian Businesses Can Leverage Agentic AI for Growth and Efficiency How Nigerian Businesses Can Leverage Agentic AI for Growth and Efficiency
Technology3 weeks ago

How Nigerian Businesses Can Leverage Agentic AI for Growth and Efficiency
NCC to Block over 42million Inactive Phone Lines – Report NCC to Block over 42million Inactive Phone Lines – Report
Telecoms3 weeks ago

NCC Proposes One-Year Window for Subscribers to Reclaim Airtime on Deactivated Lines
Energy3 weeks ago

AVEVA Deploys Data Management Support for Renewable Natural Gas Projects
Advertisement

Crypto Market

Trump Tariffs Bitcoin Trump Tariffs Bitcoin
Cryptocurrency4 weeks 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
Cryptocurrency2 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, Naira, FX Reserves Knotted in Negative Sentiments Oil Prices, Naira, FX Reserves Knotted in Negative Sentiments
Commodities News & Agribusiness3 weeks 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
Commodities News & Agribusiness10 months ago

FG Targets 500,000 Metric Tonnes of Cocoa Production by 2025

Finance

SANEF CEO Uzoebo SANEF CEO Uzoebo
Finance4 days ago

AI Will Drive the Future of Financial Inclusion – SANEF CEO Uzoebo
Finance1 week ago

PAFON 2.0: Experts Outline Key Strategies to Accelerate Financial Inclusion in Nigeria
Appointments1 week ago

CBN’s Hakama Ali Reclaims Title as Best Banking Sector Spokesperson
AfDB Capital Base AfDB Capital Base
Finance3 weeks ago

AfDB Basks in Global Recognitions for Transforming Africa with $318bn Capital Base
Digital Payment Adoption in Africa Digital Payment Adoption in Africa
Fintech3 weeks ago

Expert Highlights Strategies for Driving Digital Payment Adoption in Africa
United Capital dividend United Capital dividend
Finance4 weeks ago

United Capital Shareholders Get N9bn Dividend Today
Advertisement

Viewpoints

Trump’s 14% Tariff, a Critical Test of Resilience for Nigeria
Economy3 weeks ago

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

In a bold protectionist sweep, U.S. President Donald Trump on April 2 announced a 14% tariff on Nigerian imports—part of...
Education2 months ago

  UNIABUJA and Its Leadership: Who the Cap Fits?
General3 months ago

BOOK REVIEW: Taking Nigerian Small Businesses to Paradise
Tinubu's Quest to Overcome the Power Sector Gridlock
Energy3 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
General5 months ago

Facts Behind MultiChoice’s Subscriber Numbers
NASENI Trains Procurement Officers, Others on Global Best Practices
Opinion7 months ago

Khalil Halilu’s 365 Days Outstanding Transformations at NASENI
More Viewpoints

General News

Mohammed Adamu
Politics4 days 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
Economy3 weeks ago

Nigeria Launches $510m SAPZ Agricultural Revolution Backed by AfDB
OneData Partners Caleb University OneData Partners Caleb University
Education3 weeks ago

OneData Partners Caleb University on Campus Connectivity, Digital Innovation
NNPC Board
Energy3 weeks ago

Group Asks Tinubu To Remove Member of New NNPC Board, Explains Why
Nigeria's domestic debt
Economy3 weeks ago

Nigeria’s Public Debt Profile Hits N144.67 Trillion
Trump Gold Card Visa
General4 weeks ago

Trump Unveils First $5m ‘Gold Card’ Visa
Heirs Holdings Partners with GIVO Africa to Tackle Plastic Waste
General1 month ago

Heirs Holdings Partners with GIVO Africa to Tackle Plastic Waste
Mike Okonkwo Essay Competition
Education1 month ago

Winner of Mike Okonkwo Essay Competition to Get N1m Cash Prize
Federal University of Medicine and Medical Sciences
Education1 month 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
Aviation7 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
Aviation9 months ago

Wakanow Advances Partnership Opportunities with Air Côte d’Ivoire
Speedbird Pilot Academy
Aviation9 months ago

APPLY: British Airways to Spend £21m to Train 200 Pilots
wakanow
Travels10 months ago

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

Appointments & RECOGNITIONS

Appointments4 weeks 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
Appointments3 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

Dangote Refinery
Energy3 weeks ago

Dangote Refinery Slashes Petrol Price to N867

Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to N867 per litre. It was...
NNPC Board NNPC Board
Energy3 weeks ago

Group Asks Tinubu To Remove Member of New NNPC Board, Explains Why
prepaid meters prepaid meters
Energy3 weeks 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
Economy2 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
Energy3 months ago

On Tinubu’s Quest to Overcome Power Sector Gridlock
Dangote Refinery to Sell Petrol Exclusively to NNPC
Economy4 months ago

Dangote Refinery Retained 13% of Nigeria’s Crude Exports – Report
NNPC Ltd, First E&P Commences 20,000bpd Production at OML 85
Energy4 months ago

ANALYSIS: Signs of Optimism in Oil Markets as a New Year Begins
More Energy

Showbiz

Dutch Authorities Fine Netflix €4.75M for Data Breach 
General4 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 
News9 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
Advertisement

More News

Advertisement
Please enter CoinGecko Free Api Key to get this plugin works.
mebookshelfandi