While many were minding their business, hustling through the month, thousands of Nigerians were quietly watching their money disappear, literally. The now-infamous digital investment platform CBEX has reportedly crashed, vanishing with over ₦1.3 trillion of investors’ funds in what’s shaping up to be another massive Ponzi scheme. Promising a sweet 100% return in just 30
The Nigerian government has recorded a significant win in its efforts to stabilize its electricity supply. According to the Minister of Power, Adebayo Adelabu, an additional 700 megawatts (MW) has been added to the national grid, thanks to the ongoing Presidential Power Initiative (PPI), a project backed by $2.3 billion in financing. The Minister revealed
President Bola Tinubu has expressed his vision to complete and expand all key road infrastructure projects across Nigeria to improve nationwide connectivity. The President stated this on Sunday during the inauguration of section two of the Abuja-Kaduna-Zaria-Kano road project. Represented by the Governor of Kaduna State, Uba Sani, the president noted that road is a
The Lagos State Government has announced that the 68-kilometer Green Line rail project will be completed in its entirety rather than in phases. The project, which will run from Marina to the Lekki Free Zone, aims to ease traffic congestion, enhance public transport, and improve overall mobility within the state. This approach marks a departure
Vice President Kashim Shettima has said Nigeria’s federal system is not inherently faulty but has been weighed down by poor resource management and a lack of accountability across all levels of government. The Vice President said this at the 7th edition of the Leadership Conference and Awards in Abuja on Tuesday. Speaking, the Vice President
President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, has commended the United Bank for Africa (UBA) for its longstanding role in advancing economic development across Africa. Speaking during a courtesy visit to the UBA UK Limited office in London on Wednesday, Dr. Adesina emphasized the importance of building bridges between international financial
Valentine Ozigbo, a leading aspirant in the All Progressives Congress (APC) governorship race in Anambra State, has formally rejected the results of the party’s primary election held on April 5, 2025. Describing the process as “a well-orchestrated heist designed to deliver a predetermined outcome,” Ozigbo submitted a petition to the APC Appeals Committee challenging the
Senator Natasha Akpoti-Uduaghan, who represents Kogi Central, has filed a fiery ₦5 billion lawsuit against fellow lawmaker Senator Onyekachi Nwaebonyi of Ebonyi North, over some seriously bold claims made on national TV. According to court documents filed at the Federal Capital Territory High Court, Abuja, Natasha isn’t taking lightly to comments made by Nwaebonyi during
Youths across several states in Nigeria took to the streets on Monday under the aegis of the #TakeItBack Movement to protest against the controversial Cybercrime Act, worsening economic conditions, and recent political developments in Rivers State. The protests, which occurred simultaneously in cities including Abuja, Lagos, Port Harcourt, Yobe, Osogbo, and Ibadan, were met with
On Monday, April 7, 2025, a peaceful protest in Abuja’s Maitama area turned chaotic when police used tear gas to disperse demonstrators. The Take-It-Back Movement organized the protest in collaboration with several civil society organizations to address pressing national issues. Key Concerns Raised by Protesters: •Misuse of the Cybercrime Act: Organizers allege that the Act
