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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 & Agribusiness6 days ago

Oil Prices Slide over 2% on Iran Deal, OPEC+ Output, Economic Concerns

Crude oil prices fell more than 2% on Monday amid renewed optimism over U.S.-Iran nuclear negotiations and rising concerns about...

State of Digital Development in Africa repor

State of Digital Development in Africa repor

Telecoms6 days 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.”

General6 days ago

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

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

Latest

Technology1 year ago

INSIGHT: 85% of IT Leaders See AI Boosting Productivity, But…

81% of IT leaders say data silos are hindering digital transformation efforts 62% report their data systems are not configured...

Capital Market4 years ago

STOCK ANALYSIS: NSE index soars, but continuation may depend on market, economic dynamics

Economy4 years ago

New Google-IFC report: Africa’s Internet economy to value $180bn by 2025

Economy4 years ago

UK loses £20bn as Brexit, COVID-19 halt 1.5 SMEs from Int’l trade

Featured4 years ago

eSports sponsorships projected to hit $584m in 2020

General4 years ago

How Pidgin English earns 4 persons N1m from Heritage Bank

Analyst Insight4 years ago

ANALYSIS: Dollar rationing to persist on meagre inflows

Top Reads

Economy6 days ago

Nigeria Takes Hunt for Global Capital to New York’s Nasdaq

NNPC $60 Billion Investment

Economy6 days ago

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

Appointments6 days ago

CBN’s Hakama Ali Reclaims Title as Best Banking Sector Spokesperson

Capital Market6 days ago

Equities Lose N208Bn as Investors React to March Inflation Data

Finance5 days ago

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

Mobile-first Shopping

Technology5 days ago

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

Proposed Raw Materials Bill Threatens Exporters, Manufacturers

Economy5 days ago

Proposed Raw Materials Bill Threatens Exporters, Manufacturers – CPPE

Politics20 hours ago

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

SANEF CEO Uzoebo

Finance20 hours ago

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

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