SEC issues warning to Nigerians on AfriQuantumX Ponzi scheme
AfriQuantum, which has a claimed value of N76 billion, has been declared by the Securities…
SEC issues warning to Nigerians on AfriQuantumX Ponzi scheme
AfriQuantum, which has a claimed value of N76 billion, has been declared by the Securities and Exchange Commission (SEC) of Nigeria as a fraudulent Ponzi scheme. The regulator has also cautioned the people to be extremely cautious when making investments with this organization. This is a worrying revelation that was announced by SEC. The SEC…
NNPCL Explains Why Cooking Gas Prices Increase – NNPC
The Nigerian National Petroleum Company Limited (NNPCL) has attributed the recent flare up in the cooking-gas prices to a temporary disruption in the loading and distribution operations due to the strike staged by the Petroleum and Natural Gas Senior Staff Association of Nigeria. Group Chief Executive Mr. Bayo Ojulari disclosed this information during a discussion…
Fixed Income: CBN comes up with new regulations to regulate Nigerian market
A progression of stringent guidelines has been introduced by the Central Bank of Nigeria (CBN) which aims at taking control of the fixed income market in the country. These policies, which will be implemented in November are aimed at increasing transparency in the Nigerian financial sector. This was announced by the highest body of financial…
Stock Market: Investors rake in N1.8 trillion in September
Under the impressive month of September 2025, investors in the dynamic stock market have accumulated an impressive N1.811 trillion, a huge feat credited to the current monetary changes that have been instituted by the central bank of Nigeria (CBN) that have tremendously rejuvenated investor confidence in the market. Analysts have observed that the recent reduction…
FG And PENGASSAN and Dangote Refinery Work Out Peaceful Deal
The Federal Government achieved a successful peace settlement between PENGASSAN and Dangote Petroleum Refinery through its intervention on Tuesday. The Minister of Labour and Employment Dr. Muhammad Maigari-Dingyadi announced the successful outcome of the two-day Abuja conciliatory meeting through an official statement on Wednesday. The two-day meetings at Dangote Refinery brought together National Security Adviser…
Fuel Prices Shoot Up as Dangote, PENGASSAN Talks Crash
Nigerians are getting slammed with higher petrol prices again—because, shocker, the bigwigs at Dangote Refinery and PENGASSAN (that’s the Petroleum and Natural Gas Senior Staff Association, in case you don’t keep up with union drama) can’t get it together. Negotiations? Dead in the water. They all supposedly met behind closed doors on Monday—Federal Government, Dangote,…
NNPCL Monthly Profit Blasts up 91% to N539 Billion
The Nigerian National Petroleum Company Limited (NNPCL) just dropped some wild numbers—monthly profit shot up by a jaw-dropping 91.3%. We’re talking N539 billion in August 2025, up from N185 billion in July. That’s not just a little bump; that’s a whole trampoline jump. Their August report is packed with cash talk. Revenue hit N4.655 trillion…
Foreign Portfolio Inflows Hit N748 Billion in Four Years
The cash flooding into Nigeria’s stock market lately? Kinda nuts. By August 2025, foreigners had churned through a whopping N1.7 trillion in deals—that’s like a 541% explosion compared to 2021. Hard to even wrap your brain around numbers like that, honestly. The NGX just dropped their latest stats, and it’s practically a highlight montage for…
Subsidy fraud: Umar Sani challenges Otedola for threatening N1bn lawsuit.
Nigerian billionaire Femi Otedola has issued a threat of suing Umar Sani, a former aide to former Vice President Namadi Sambo, N1 billion, which was effectively replied to by former aide Umar Sani. It has been reported that Otedola had directed his lawyer to file a N1 billion suit against Umar Sani over his remark…
Dangote Refinery attacks PENGASSAN- “They are not less than terrorists”
The role of heads of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has been described by the leadership of Dangote Refinery as that of terrorists. This claim was brought out in a formal statement by Dangote Refinery on Sunday. This announcement is against the backdrop of a recent order to its…
