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Nigerians believed to be in the tens of thousands have been dealing with harsh consequences after losing money to Ponzi scheme CBEX.

  • Nigerians believed to be in the tens of thousands have been dealing with harsh consequences after losing money to Ponzi scheme CBEX.

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Access Holdings Plc the parent company of Access Bank spent $121 million on tech upgrades in 2024 cuts fraud by 73%.

  • Access Holdings Plc the parent company of Access Bank spent $121 million on tech upgrades in 2024 cuts fraud by 73%.

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Right-of-way waivers have become a strategy some Nigerian states are using to attract critical telecom infrastructure

  • Right-of-way waivers have become a strategy some Nigerian states are using to attract critical telecom infrastructure.

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Both Zap Africa and Paystack have trademarks in Class 36 (financial and monetary services) and Class 42 (technology services).

  • Both Zap Africa and Paystack have trademarks in Class 36 (financial and monetary services) and Class 42 (technology services).

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Safaricom has cut 5G router prices and is targeting fibre-dark areas to regain ground in upcountry regions where Starlink has been expanding.

  • Safaricom has cut 5G router prices and is targeting fibre-dark areas to regain ground in upcountry regions where Starlink has been expanding.

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Young Nigerians are now spending up to three times more on mobile data following the recent data tariff hike.

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Zimi an EV charging startup has secured $320000 in grant funding to turn electric vehicles (EVs) to power banks in a massive V2G play.

  • Zimi an EV charging startup has secured $320000 in grant funding to turn electric vehicles (EVs) to power banks in a massive V2G play.

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Zimi a South African EV charging solutions startup secured $320000 (R6 million) from to test its vehicle-to-grid (V2G) technology in South Africa.

  • Zimi a South African EV charging solutions startup secured $320000 (R6 million) from to test its vehicle-to-grid (V2G) technology in South Africa.

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Imagine losing your job because your companys customers were on their best behaviour? Welcome to the reality of 28 Tala ex-employees.

  • Imagine losing your job because your companys customers were on their best behaviour? Welcome to the reality of 28 Tala ex-employees.

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Malobi Ogbechie is building Kadan Kadan a logistics startup that solve the problems he faced in his past life as an exporter.

  • Malobi Ogbechie is building Kadan Kadan a logistics startup that solve the problems he faced in his past life as an exporter.

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Nigerias tech ambitions were on display this week at GITEX Africa in Morocco highlighting the role of artificial intelligence in Nigeria.

  • Nigerias tech ambitions were on display this week at GITEX Africa in Morocco highlighting the role of artificial intelligence in Nigeria.

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The banks saw their combined e-payments revenue rise to ₦674 billion ($ 419.7 million) from ₦101.6 billion ($ 266.6 million) in 2023.

  • The banks saw their combined e-payments revenue rise to ₦674 billion ($ 419.

    7 million) from ₦101.

    6 billion ($ 266.

    6 million) in 2023.

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In April 2025 a Ponzi scheme known as CBEX collapsed in Nigeria leaving investors with significant financial losses. The scheme promised high returns on investments in cryptocurrency trading but it was later revealed to be a fraudulent operation. The collapse of CBEX highlighted the dangers of investing in unregulated schemes and the need for stricter regulations in the cryptocurrency market. The Nigerian government and financial regulators have since taken steps to crack down on fraudulent investment schemes and protect investors. This event serves as a cautionary tale for individuals to thoroughly research and understand any investment opportunities before committing their money.

  • In April 2025 a Ponzi scheme known as CBEX collapsed in Nigeria leaving investors with significant financial losses.

    The scheme promised high returns on investments in cryptocurrency trading but it was later revealed to be a fraudulent operation.

    The collapse of CBEX highlighted the dangers of investing in unregulated schemes and the need for stricter regulations in the cryptocurrency market.

    The Nigerian government and financial regulators have since taken steps to crack down on fraudulent investment schemes and protect investors.

    This event serves as a cautionary tale for individuals to thoroughly research and understand any investment opportunities before committing their money.