Access Bank has issued an official statement in response to serious allegations that a former Contact Centre agent secretly filmed female colleagues without their consent. In a release shared on Monday, the bank confirmed that the matter has been handed over to the appropriate authorities and assured the public of its full cooperation with ongoing…
The Nigeria Deposit Insurance Corporation (NDIC) has officially begun the payment of N46.6 billion in liquidation dividends to depositors of the now-defunct Heritage Bank. This announcement was made on Sunday in a statement by Hawwau Gambo, the Acting Head of Communication and Public Affairs at NDIC. Gambo explained that the funds were generated from the…
The Socio-Economic Rights and Accountability Project (SERAP) has called on Meta CEO Mark Zuckerberg to immediately pay the $220 million fine imposed by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC), recently upheld by the Competition and Consumer Protection Tribunal. In a letter signed by SERAP’s Deputy Director, Kolawole Oluwadare, the organization urged Meta Platforms…
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has warned that fuel importers in Nigeria may soon be pushed out of business if they fail to adapt to the growing trend of local crude oil refining. This comes as the Federal Government reinstated the naira-for-crude oil deal, despite opposition from the Depot and Petroleum…
The Dangote Refinery has announced a significant reduction in its ex-depot petrol price to N835 per litre, shaking up Nigeria’s downstream oil market and sparking concerns among fuel marketers and importers. This marks a N30 drop from its previous rate of N865 per litre and comes just eight days after an earlier reduction, totaling a…
Nigerians across social media are raising alarm over the collapse of CBEX, a digital asset trading platform that has reportedly scammed investors out of over ₦1.3 trillion. The CBEX platform crashed on Monday after users noticed their account balances had vanished. Withdrawals were suddenly postponed, and the platform’s Telegram group was locked, fueling panic among…
The fallout from the collapse of CBEX, a now-controversial digital asset trading platform, took a dramatic turn as angry investors stormed and looted the CBEX office in the Oke Ado area of Ibadan, Oyo State. The unrest was sparked by widespread reports of missing funds and frozen accounts following the platform’s sudden crash. Many users…
Thousands of Nigerians are grappling with massive losses following the sudden collapse of CBEX, a digital asset trading platform accused of defrauding investors of over ₦1.3 trillion. Launched with mouthwatering promises of 100% Return on Investment (ROI) within 30 days, CBEX attracted a large number of investors, only to vanish overnight, leaving users’ wallets completely…
The Federal Government of Nigeria has introduced tough new immigration policies to tackle the issue of visa overstays by expatriates. Starting August 1, foreigners who remain in Nigeria beyond their visa expiration will face severe penalties, including entry bans and daily fines. According to Minister of Interior, Olubunmi Tunji-Ojo, expatriates who overstay their visa by…
In a move aimed at easing the burden of rising fuel prices, the Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦880 to ₦865 per litre. An official of the $20 billion refinery confirmed the price slash in a statement on Thursday,…
