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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 & Agribusiness5 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

Telecoms5 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.”

General5 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

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Maximising Mobile App Engagement with Push Notifications

Technology1 year ago

Maximising Mobile App Engagement with Push Notifications

By OLATAYO LADIPO-AJAI, Regional Manager: West Africa at Infobip Mobile apps have become an integral part of our daily lives,...

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Nigerian Breweries offers shareholders N1.9bn interim dividend

Economy4 years ago

FG, states, LGs share N682.06bn in September

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Why businesses should consider opening offices in small towns and villages

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Economy4 years ago

Nigeria imported N2.78tn manufactured goods in Q2 –NBS

Telecoms4 years ago

Airtel plans to exit Ghana market soon

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