CBEX reportedly resumes operations despite N1.2tn EFCC probe
CBEX, a popular crypto trading platform that collapsed in April 2025, is back online even though it is being investigated for a massive fraud case involving over N1.2 trillion. The platform reportedly affected more than 600,000 Nigerian investors. According to Punch, some traders on the platform said CBEX has quietly resumed operations. New users can […]
Naira appreciates against dollar at official market
On Tuesday, the naira appreciated a bit against the dollar at the official foreign exchange market. According to data from the Central Bank of Nigeria, the naira’s value increased slightly, reaching N1,599.70 per dollar, up from N1,599.94 on Monday. This shows that the naira strengthened by N0.20 against the dollar in just one day. However, […]
Businessman, E-Money, reportedly released from EFCC custody
Popular businessman E-Money has been released from EFCC custody after his arrest on April 28 over alleged abuse of Naira and Dollar notes at a party. Blog Post:Popular Nigerian businessman, Emeka Okonkwo, also known as E-Money, has been released from the custody of the Economic and Financial Crimes Commission (EFCC). His close friend, Pascal Okechukwu, […]
Dangote Cement, other stocks lose N202bn as NGX records first dip in three days
The Nigerian stock market recorded a loss of N202 billion on Friday after three straight days of gains. This drop was mostly due to a sharp fall in Dangote Cement’s share price, along with a few other stocks. According to the Nigerian Exchange (NGX), the market capitalisation fell by 0.3%, dropping from N66.667 trillion on […]
Reactions as Obi Cubana declares biological son ‘next of kin’ after adopted son claimed title
Nigerian businessman and socialite, Obinna Iyiegbu, popularly known as Obi Cubana, has responded after his adopted son, Chidi, claimed to be his next of kin on TikTok. Chidi posted a video where he confidently said, “Nothing do my shoulder, I just realize say I be next of kin.” This stirred reactions online. In what seemed […]
Filling stations shut after Dangote Refinery’s petrol price drop
Some fuel stations in Abuja have stopped selling petrol after Dangote Refinery lowered its petrol price to N835 per litre on April 16, 2025. For the past five days, stations like MRS along Kubwa Expressway have been closed. An MRS worker said they are unable to sell their old petrol stock without losing money because […]
CBEX: Nigerians lose N1.3tn as digital trading platform crashes
Many Nigerians are upset after losing a lot of money to a digital trading platform called CBEX. The platform crashed on Monday, and investors discovered that all their money had disappeared. Reports say over N1.3 trillion was lost. CBEX was not officially registered with Nigeria’s Securities and Exchange Commission (SEC), meaning it was operating illegally. […]
Obi Cubana: Uyi makes shocking confession on businessman’s birthday
Popular businessman and socialite, Obi Cubana, recently celebrated his 50th birthday, and one of his close friends, Sir Uyi Ogbebor, shared an emotional message in his honor. Sir Uyi, a Forbes-rated entrepreneur, revealed that meeting Obi Cubana almost 15 years ago completely changed his life. Speaking at Cubana’s birthday event, Sir Uyi said the businessman […]
Femi Otedola, Anthony Joshua, others attended Africa’s richest man, Aliko Dangote’s birthday soiree
Nigerian billionaire Aliko Dangote turned 68 years old on April 10, and he celebrated the special day with a lovely party. His family and close friends came together to mark the occasion. Among the well-known guests were fellow businessman Femi Otedola and world-famous boxer Anthony Joshua. They joined others in celebrating Dangote’s achievements and wishing […]
BREAKING: Dangote Refinery slashes ex-depot petrol price to ₦865 per litre
In some good news for Nigerians, Dangote Petroleum Refinery has cut the price of petrol at the depot level from ₦880 to ₦865 per litre. This means petrol marketers will now buy the product at a lower price before selling it to consumers. An official from the refinery shared the news on Thursday, saying that […]