The 2025 Enugu Tech Festival has been hailed as the largest technology gathering in Nigeria’s history, with the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, describing it as a defining moment for the nation’s digital transformation. Speaking at the festival themed “Coal to Code”, Dr. Tijani said the event, which drew thousands…
In a landmark ruling, the Competition and Consumer Protection Tribunal has upheld the $220 million fine imposed on Meta Platforms Inc. (parent company of Facebook and WhatsApp) by the Federal Competition and Consumer Protection Commission (FCCPC) over discriminatory and exploitative practices against Nigerian consumers. In a statement released Friday, Ondaje Ijagwu, Director of Corporate Affairs…
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…
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 National Bureau of Statistics (NBS) has reported a fresh surge in Nigeria’s inflation rate, rising to 24.23% in March 2025, marking the first increase since the country’s Consumer Price Index (CPI) rebase in January. The latest CPI report, released on Tuesday via the bureau’s official X (formerly Twitter) handle, reveals a significant jump from…
Telecommunication consumers in Abuja, the Federal Capital Territory (FCT), have expressed frustration over poor mobile network services despite the recent hike in data and call tariffs by Mobile Network Operators (MNOs) in Nigeria. During interviews conducted by the News Agency of Nigeria (NAN), several users lamented that the increase in subscription costs has not translated…
PalmPay and AfriGO have joined forces in a strategic partnership aimed at transforming Nigeria’s payment landscape. This collaboration will see the issuance of over 5 million AfriGO cards, providing Nigerians with more secure and efficient digital payment solutions. The initiative is designed to empower underserved communities, enhance financial inclusion, and drive the growth of Nigeria’s…
The Kebbi State Government has announced the discovery of five additional solid mineral deposits, raising the total number of identified mineral resources in the state to over 30. The Commissioner for Information and Culture, Yakubu Ahmed-BK, revealed this development while highlighting the economic potential these discoveries bring to the state. The newly discovered mineral deposits…
Nigeria’s fintech sector has experienced significant growth, fostering numerous companies that are transforming financial services across the continent. Here are ten notable fintech companies in Nigeria, along with insights into their contributions: TOP 10 FINTECH COMPANIES IN NIGERIA WITH DETAILED REASONS. HEED: Follow us on Instagram or any other social media platform and get the…
