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CBEX, a digital asset trading platform, has collapsed, leaving Nigerian investors with losses estimated at ₦1.3 trillion. The scheme, operating without legal approval from the Nigerian Securities and Exchange Commission (SEC), promised high returns but has now been exposed as a Ponzi operation...
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Nigeria's inflation rate increased to 24.23% in March 2025, up from 23.18% in February. The rise was primarily driven by higher food and transport costs. Food inflation reached 21.79%, with significant price hikes in staples like garri, yam, and pepper.
Nigeria's inflation rate rose to 24.23%...
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The EFCC has confirmed investigations into CryptoBank Exchange (CBEX), a collapsed platform accused of defrauding Nigerians of N1.3 trillion. Despite repeated public warnings, many fell victim to the scheme. The Commission is now working with Interpol to recover funds and bring the perpetrators...
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