Visa Scam: Cameroonian Woman Loses N2m in Ogun
A Cameroonian woman was defrauded of over N2 million in a visa scam in Ibafo, Ogun State. Swift police action led by the DPO ensured her welfare and safe return. Read how the incident unfolded.
Category : Search result: forex scam
HFM Score & Roar Promotion: Win BMW, UK Trip
HFM's exciting Score & Roar promotion combines football passion with trading. Register now for a chance to win a BMW 4 Series, an all-expenses-paid UK Premier League trip & more. Ends Feb 28, 2026.
Naira Depreciates as Dollar Demand Outpaces CBN Supply
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
Son, 4 others arrested for fake kidnapping in Lagos
Lagos police arrest five suspects, including a 15-year-old boy, for staging his own kidnapping to extort N1.7 million from his mother. Full details of the elaborate scam revealed.
EFCC Arrests Herbalists with Counterfeit Millions
EFCC operatives arrest five herbalists in Osun and Lagos with counterfeit $3.4m and €280k. The syndicate defrauded victims of millions under pretence of spiritual cleansing. Read the full details.
Traders Fair 2026 in Lagos: Free Registration Open
Lagos prepares for Traders Fair 2026 on April 10. Join top finance experts for seminars on Forex, Stocks, AI, and networking. Free entry at Lagos Continental Hotel.
Man Arrested for Defrauding Patients at ATBUTH
ATBUTH management apprehends a man for allegedly extorting N45,000 from a gunshot victim's relatives. Hospital warns public against fraudsters. Read more.
Naira Rate Gap Widens as Dollar Demand Rises
The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.
Woman's Heartbreak After Financing Boyfriend's Move Abroad
A 37-year-old woman reveals how she brought her boyfriend abroad, financed everything, only for him to fall in love with her pregnant neighbour. Full story and video.
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.
CBN's $250M Intervention Lifts Naira in Forex Market
The Naira rebounds as CBN injects $250 million into the forex market, narrowing the gap between official and parallel rates. Read the full analysis of the intervention's impact.
JustMarkets Boost Contest Offers Gold Prizes to Traders
Global broker JustMarkets launches the Boost Contest, a trading competition with weekly draws and real gold rewards. Open to all clients until January 31, 2026. Join now!
Botswana Youths Allegedly Deceived into Fighting for Russia
Botswana investigates claims two citizens, 19 & 20, were lured into Russia's war in Ukraine via a fake military training scheme. Government urges youth vigilance against suspicious offers.
Naira Drops to N1,454/$1 Amid Festive Dollar Demand
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
EFCC Returns N96.5m to Ponzi Scheme Victims
The EFCC has recovered and returned N96.5 million to victims of a forex Ponzi scheme in Enugu. Learn how the fraud operated and the commission's warning to investors.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
SEC Alerts Public on Unregistered Glorious Wealth Fund
Nigeria's SEC warns against investing with Glorious Wealth Fund (GWF), an unregistered platform. Investors report inability to withdraw funds. Verify companies on SEC portal to avoid fraud.
Nigerians, Sudanese Sentenced in US Romance Scam Case
Two Nigerian men and a Sudanese woman have been sentenced to over 20 years combined for a romance scam that caused a retired American teacher's suicide. Read the shocking details of the elaborate fraud.
Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
CBN sells $36.60m to banks amid naira depreciation
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
Okorocha's Niece Charged in N17m Land Scam
Uche David Obinali, niece of ex-Governor Rochas Okorocha, faces fraud charges for an alleged N17 million land scam in Abuja. She pleaded not guilty and was granted bail. Read the full details.
Nigerian Man Convicted in US Romance Scam
Saheed Sunday Owolabi, a Nigerian man, faces 40 years in US prison for wire fraud and money laundering in romance scams. Read the full story of the cyber fraud conviction.
Traders Fair 2026 Set to Ignite Lagos Finance
Nigeria's largest trading event, Traders Fair 2026, is coming to Lagos on April 10, 2026. Join for expert seminars, networking, and a chance to win prizes. Register now!
Myus.com Accused of Scamming International Customers
Florida shipping company Myus.com faces multiple fraud allegations from foreign customers claiming stolen packages. Victims report automated denials and jurisdictional barriers when seeking justice.
Naira Strengthens to N1,441/$ Amid CBN Policy Hold
Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
Zimbabwe Fake Healer Jailed 15 Years for Attempted Rape
A Zimbabwe court sentenced fake traditional healer Cain Mushayi to 15 years for attempting to rape a woman during false spiritual cleansing. Learn how to avoid such predators.
South Africans trapped in Ukraine drone factory scheme
Seventeen South African men recruited through social media influencers are trapped in Ukraine manufacturing drones. Investigation reveals global trafficking network exploiting African youth.
IUX Brokerage Grows 68%, Enhances Client Protection
IUX brokerage reports explosive 68% quarterly growth to $541B in trading volume. Discover their risk management safeguards including negative balance protection and segregated funds for Nigerian traders.
IUX Trading Volumes Jump 68% Amid Rapid Growth
IUX broker reports 68% quarterly growth to $541B. Explore how their negative balance protection, zero stop-out, and segregated funds safeguard Nigerian traders in volatile markets.
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
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