Ponzi Schemes Cost Nigerians N316bn - SEC
The Securities and Exchange Commission (SEC) has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years, warning that greed and ignorance are sustaining the menace.
The Head of FinTech and Innovation Department...
Solar Manufacturing Gets $500m Boost from Govs, Investors - Adelabu
The Federal Government, in partnership with state governors and private investors, has secured nearly $500m to establish solar manufacturing plants across Nigeria, the Minister of Power, Adebayo Adelabu, has disclosed.
Adelabu made this known at the...
N566bn Recovered by EFCC in Two Years - Olukoyede
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, says the agency has recovered over N566 billion and contributed significantly to President Bola Tinubu’s economic reforms through enforcement, asset recovery, and...
Medical Tourism Spending Declines by 52% Under President Tinubu - CBN
Nigerians spent about $4.74m on foreign healthcare-related services from May 2023 to March 2025.
This is according to the latest Quarterly Statistical Bulletin of the Central Bank of Nigeria, obtained by our correspondent on Wednesday.
The...
Passengers Arrested with over $6.1m Cash at Lagos Airport
Security officials at the local wing of the Murtala Muhammed Airport in Lagos have arrested some passengers alleged to be travelling on an Aero Contractors flight with cash exceeding $6.1 million in their possession.
Sources familiar with...
Bilateral Companies Owe Nigeria $8.5m for Power Supply - NERC
The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply.
In its latest quarterly report, the Commission said the companies...
