Justice Emeka Nwite of the Federal High Court, Abuja, has adjourned the bail application filed by three detained promoters of Crypto Bridge Exchange (CBEX) in the alleged over one billion dollars fraud, until June 30 for ruling. Justice Nwite has scheduled a date to deliver a ruling after hearing arguments from both the Economic and…
The Central Bank of Nigeria (CBN) has debunked a new report in circulation suggesting that the bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The Central Bank of Nigeria (CBN), through its Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, has dismissed recent reports…
A devastating fire broke out at the popular Rumuomasi Morning Market in Obio/Akpor Local Government Area of Rivers State on Tuesday night, destroying goods and properties valued at millions of Naira. When our correspondent arrived at the scene, numerous traders were seen in distress—some visibly devastated, others openly weeping as they watched helplessly while their…
The Securities and Exchange Commission (SEC) has reiterated that Crypto Bridge Exchange (CBEX), operating under the name ST Technologies International Ltd.—also known as Smart Treasure or Super Technology—remains banned from conducting business in Nigeria. In a public notice issued on Wednesday, the Commission clarified that neither CBEX nor its affiliated entities are registered with or…
The Federal Government has cancelled the traditional military parade initially planned for the 26th Democracy Day celebrations on Thursday, June 12, 2025. No official reason was provided for the cancellation. However, in place of the parade, President Bola Tinubu will deliver a national broadcast at 7:00 a.m. on Thursday, according to a statement released on…
The World Bank has reaffirmed its forecast that Nigeria’s economy will grow by 3.6% in 2025, maintaining its earlier projection despite shifting global trade dynamics. This projection was outlined in the Bank’s latest Global Economic Prospects report released on Tuesday. The report also revealed that growth forecasts for nearly 70% of global economies — including…
President Bola Tinubu has called on the international community to swiftly ratify the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement and scale up funding for blue economy initiatives aimed at safeguarding the world’s oceans and promoting their sustainable use. Speaking through Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, at the ongoing United Nations Ocean…
The Lagos State Electricity Regulatory Commission (LASERC) has officially prohibited individuals or entities from providing electricity services in the state without a valid licence or permit. This directive marks LASERC’s first major regulatory action following the domestication of electricity market regulation in Lagos State. Issued under the title “LASERC ORDER/001/2025,” the order formally places all…
