NIGERIA – The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against two of the detained promoters of the crypto bridge exchange (CBEX) over allegations of investment fraud believed to be over $1 billion. The charge marked FHC/ABJ/CR/216/2025 was filed by Fadila Yusuf, EFCC lawyer. Therein, the suspects were identified as Avwerosuo […]
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Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has assured those who invested in CBEX digital trading platform that they will get their money back. EFCC said it was already tracking the CBEX trading platform before the recent public outcry. According to several posts on X, the CBEX, which promised investors a 100 […]
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The Pension Fund Administrators (PFAs) in the country have invested N1.49 trillion in Treasury Bills. The monthly report released by the National Pension Commission (PenCom) on Sunday in Abuja by Mr Peter Aghahowa, the commission’s spokesman made the disclosure. The commission also disclosed that the PFAs invested N4.22 trillion in Federal Government’s bonds, Federal Mortgage […]
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Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet Hall on Monday in Abuja. The focus of the forum was on Job creation. The vice president […]
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The Royal FrieslandCampina, WAMCO, makers of peak milk, will invest 23 million Euros in fresh milk production in Nigeria, its Chief Executive Officer (CEO), Mr Hein Schumacher has said. Schumacher, who led a team from the company to a meeting with Vice President, Prof. Yemi Osinbajo on Friday in Abuja, said the firm had operated […]
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At least 20 German firms are in Nigeria to explore investment opportunities in the country. The Chief Executives of the visiting firms, led by the Minister of Industry, Trade and Investments, Okechukwu Enelamah, on Tuesday paid a courtesy visit to Vice President Yemi Osinbajo to obtain first-hand information on the various investment opportunities. According to […]
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A British-Nigerian actor, John Boyega, has hinted that he is ready to invest in Nollywood by shooting a low budget Nigerian movie with about $20-$25million (N8 billion). Boyega, best known for his role as Finn in the Star Wars sequel trilogy revealed this on the CNBC show in Lagos on Wednesday. “We’re developing a few […]
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The Group Chairman, United Bank for Africa (UBA) and one of Africa’s top businessman, Mr. Tony Elumelu, has stressed the need to change the African narrative while concentrating on the myriad of opportunities inherent in the continent, stating that its economic transformation and stimulation should be the focus of all governments and global institutions. This, […]
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The Chairman, United Bank for Africa (UBA) Plc, and Founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has stressed the need for global organisations and multinational institutions to support the much-needed growth in the African continent; adding that ultimately, such growth will affect the world positively. Elumelu, who pointed this out on the side-lines of […]
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