Africa's Digital Payments Hit $2 Trillion, Nigeria Leads
A new report reveals Africa processed $2 trillion via instant payments in 2024. Nigeria's NIP system is rated highly, but fraud concerns remain a key barrier to wider adoption. Learn more.
Category : Search result: CBN report fraud
Clean Energy Improves Lives of 1 Million Nigerians
A new report reveals strategic clean energy investments have powered over 230,000 Nigerian homes and businesses, improving health and economic prospects. Discover the impact.
Ngige Granted Bail in ₦2.2bn Fraud Case
Former Labour Minister Chris Ngige has been granted bail by an FCT High Court in his ₦2.2 billion contract fraud trial. The court set strict conditions for his release. Read the full details.
Onoh Urges Malami to Face EFCC, Not Seek Recusal
Denge Josef Onoh urges ex-AGF Abubakar Malami to face EFCC investigations instead of seeking the chairman's recusal, citing past "hypocrisy." Read the full details.
India Tops Global Doping List for Third Straight Year
India leads the world in doping violations for a third consecutive year, with 260 positive tests in 2024. This poses a major challenge as the country prepares to host the 2030 Commonwealth Games.
EFCC Arrests 5 'Babalawos' With Counterfeit $3.4M, €280K
Nigeria's EFCC arrests five herbalists in Osun and Lagos for fraud involving counterfeit dollars and euros. Suspects promised spiritual currency conjuring. Full story.
EFCC Raids Malami's Homes Over Salami Report Chapter 9
Operatives of the EFCC have raided the offices and residences of former AGF Abubakar Malami. His aide alleges the searches are linked to the contentious Chapter 9 of the Salami Report. Read the full story.
Nigeria's Female Drug Users Face Huge Treatment Gap
UN report reveals 25% of Nigeria's drug users are women, but only 1 in 20 get treatment. Drug use in Africa could surge 40% by 2030, posing a major health crisis.
NDLEA Intercepts Illicit Drugs in Delta, Laments Crisis
NDLEA raises alarm over Nigeria's worsening drug abuse, intercepts dangerous substances in Delta. Commander Halilu Hamidu cites UNODC data showing 14.4% of Nigerians use drugs. Read more.
Romance Fraudster Jailed 17 Years for £1M Scam
Nigel Baker, 56, tricked single mothers out of over £1M for his gambling. He promised marriage but exploited their trust. Read the shocking details.
Food Inflation Plunges to 11.08% as Prices Crash
Nigerians rejoice as food prices drop for five consecutive months. Inflation falls to 15.45%, with staples like rice and garri becoming more affordable. Read the full analysis.
Nigeria's Inflation Rate Drops to 14.45% in November
Nigeria's inflation rate fell to 14.45% in November 2025, marking the eighth consecutive decline this year. The NBS report shows food prices remain the main driver. Read the full analysis.
Inflation Falls to 14.45% in November 2025
Nigeria's inflation rate declined to 14.45% in November 2025, down from 16.05% in October. Read the full NBS report on food and core inflation trends across states.
Inflation Falls to 14.45% in November 2025
Nigeria's inflation rate declined to 14.45% in November 2025, a significant drop from October. The NBS CPI report details the monthly and yearly trends, including food and core inflation figures across states.
SERAP to INEC: Account for Missing N55.9bn Poll Funds
SERAP urges INEC Chairman Joash Amupitan to account for N55.9bn missing from 2019 election budget and disclose contractors' names. Read the full story.
PEBEC 2025 Report: Best and Worst Performing MDAs Revealed
PEBEC's 2025 report exposes a sharp divide in government agency performance. NCDMB leads, while ARCON scores a dismal 3%. Discover which MDAs are driving or hindering Nigeria's business environment.
PEBEC 2025 Report: Top and Bottom Performing MDAs Revealed
PEBEC's 2025 BFA report reveals a sharp divide: NCDMB, NDLEA, and NCC excel, while ARCON and NIMC lag. Discover which agencies are driving—or hindering—Nigeria's business climate.
Bandits Kill, Abduct in Sokoto Mosque, Village Raids
Gunmen attacked two communities in Sokoto's Sabon-Birni LGA, killing several and abducting many. The violence targeted a mosque during morning prayers. Read the full report.
Nigerian Sentenced to 20 Years in US for Major Fraud
Oluwaseun Adekoya, a Nigerian resident in New Jersey, has been sentenced to 20 years in a US federal prison for masterminding a sophisticated $2 million identity theft and bank fraud operation. Read the full details of the multi-state scheme.
Kaduna Emerges Second-Best State for Business in Nigeria
Kaduna State scores 65.1% in PEBEC's 2025 Ease of Doing Business ranking, becoming Nigeria's second-most attractive investment destination. Discover the top states.
Lagos Named Nigeria's Most Business-Friendly State
Lagos State leads Nigeria's 2025 Subnational Ease of Doing Business ranking with an 85.6% score. Discover the top states and federal MDAs driving reform.
Nigerian Sentenced to 60 Months for $1.3m COVID Fraud
Nosa Edokpaigbe, a Nigerian national, has been sentenced to 60 months in a US federal prison for a $1.4 million COVID-19 relief fraud scheme. He will be deported after serving his term. Read the full details.
Police Arrest 5 Over Fake School Abduction Report in Akwa Ibom
Akwa Ibom Police Command arrests five suspects for creating and spreading a false kidnapping story about Oron Secondary School. CP Baba Azare warns against misinformation.
2025 to be Nigeria's second-hottest year, WMO warns
The World Meteorological Organisation projects 2025 as Nigeria's second-hottest year, threatening agriculture and food security. Urgent climate action is needed now.
Nigeria Records Highest Cyberattacks in Africa
A new report reveals Nigerian firms face 4,200 cyberattacks weekly, the highest rate in Africa. AI-driven phishing and ransomware are key threats. Learn how businesses can defend themselves.
CBN's New 72-Hour Rule for Reporting Fraudulent Transfers
The Central Bank of Nigeria's new draft guidelines mandate a 72-hour window for reporting suspicious transfers to qualify for refunds. Learn what this means for your digital banking security.
Lagos Tops 2025 Nigeria Business Environment Rankings
PEBEC's 2025 reports reveal Lagos, Kaduna, and Oyo as Nigeria's top states for business. Discover key reforms and federal agency rankings driving investment climate improvements nationwide.
Nigeria's Job Crisis: Agriculture Holds Key to Mass Employment
Experts reveal Nigeria is forfeiting millions of potential jobs by sidelining agriculture. A new report urges strategic investment to transform the sector into the nation's biggest employer and solve food insecurity.
Bill Gates Alarms Over Rising Child Mortality
Bill Gates warns of a 'significant reversal' in child deaths as global funding collapses. Over 200,000 more children could die this year. Governments must act now to save lives.
CBN Sets New Cash Withdrawal Limits Effective 2026
The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.
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