Loading stock data...

Nigerians Lost Over ₦300 Billion to Ponzi Schemes in Recent Years – SEC Reveals

The SEC has revealed that Nigerians lost ₦300.2 billion to Ponzi schemes like MMM, MBA Forex, and Famzhi Interbiz Ltd. The commission warns that actual losses may be higher due to unreported cases and online...

By: Ovie George

8 hours ago

This Week’s

Leading Conversations

Freshly Pressed

Sponsored

Crypto Updates

Nigeria’s Crypto Transactions Hit Record ₦75 Trillion in One Year Amid Capital Market Apathy

Nigeria’s crypto market surged to ₦75 trillion ($50 billion) in transactions between July 2023 and June 2024, far outpacing traditional investments and highlighting waning confidence in the capital market.

Coinbase Invests in India’s CoinDCX at $2.45 Billion Valuation to Boost Global Crypto Expansion

Coinbase makes a new strategic investment in Indian crypto exchange CoinDCX, valuing it at $2.45 billion. The move strengthens Coinbase’s…

Bitcoin Hits All-Time High Above $125,000 as Institutional Demand Surges

Bitcoin surges to a new record high of $125,245, driven by stronger institutional demand, favorable U.S. regulations, and a weakening…

Binance Founder Warns of North Korean Hackers’ Sophisticated Crypto Exchange Attacks

Binance founder Changpeng Zhao has exposed how North Korean hackers infiltrate crypto exchanges using fake job applications, bribery, and malware,…

Interviews

Jeff Bezos Warns of AI Investment Bubble but Predicts Long-Term Transformation

Jeff Bezos cautions investors about the hype surrounding artificial intelligence, comparing today’s AI boom to past bubbles like biotech and dot-com, but predicts AI will ultimately transform every industry worldwide.

Qualcomm Strengthens PC Leadership with Record-Breaking AI-Ready Processors

Qualcomm launches Snapdragon X2 Elite Extreme and Snapdragon X2 Elite processors, delivering record-breaking AI performance, multi-day battery life, and ultra-premium…

How Precious Eboh Okiya is redefining Nollywood filmmaking with AI

Known in digital creative circles as The AI Queen, Precious Eboh Okiya is not just a tech founder; she is…

Meet HiPrep the Nigerian edtech set to scale its AI-powered tutor with Mastercard Foundation Fellowship

HiPrep Online, a Nigerian edtech startup, has been named one of the 12 select startups for the third cohort of…

Start-up Reviews

Meet the Chief Operating Officers Behind Africa’s $1 Billion Startups

Discover the powerful Chief Operating Officers driving Africa’s billion-dollar startups. From OPay to Moniepoint, meet the operational leaders transforming Africa’s unicorns into sustainable, scalable success stories

African HR-Tech Startup Jahazii Raises $400,000 to Advance Payroll and Financial Inclusion Platform

African HR and fintech startup Jahazii secures $400,000 pre-seed funding to expand its integrated payroll and financial inclusion platform, empowering…

Kofounda: Nigerian Founders Launch AI-Powered Voice Website Builder, Win Microsoft’s Generative AI Challenge

Nigerian innovators Timothy Dake and Uduma Glory launch Kofounda, Africa’s first voice-powered website builder. The platform, backed by Microsoft’s $250,000…

Affinity Africa Surpasses 100,000 Customers, Redefining Digital Banking in Ghana

Affinity Africa surpasses 100,000 customers in Ghana, driving financial inclusion with free accounts, affordable loans, and seamless digital banking for…

Industry Analysis

Nigerians Lost Over ₦300 Billion to Ponzi Schemes in Recent Years – SEC Reveals

The SEC has revealed that Nigerians lost ₦300.2 billion to Ponzi schemes like MMM, MBA Forex, and Famzhi Interbiz Ltd. The commission warns that actual losses may be higher due to unreported cases and online

Vodacom Forecasts Up to 45% Earnings Surge for Half-Year 2025

Vodacom Group forecasts a 40%–45% rise in earnings for the half-year ended September 2025, reflecting strong growth under its Vision…

Access Holdings Leads Nigeria’s Tier-1 Banks with ₦101.65 Billion E-Business Income in H1 2025

Access Holdings tops Nigeria’s tier-1 banks with ₦101.65bn in e-business income for H1 2025, as others like UBA, Zenith, GTCO,…

Digital Ads to Dominate 84% of Nigeria’s Ad Spend by 2029, Says PwC Report

PwC’s Africa Entertainment & Media Outlook 2025–2029 projects that digital advertising will make up 84% of Nigeria’s total ad spend…

Founder Sportlight

Meet 10 Owners of CBN-Licensed Mobile Money Operators in Nigeria

From OPay and Paga to PalmPay and PiggyVest, meet 10 influential founders and investors behind Nigeria’s licensed mobile money operators driving the country’s fintech revolution and deepening financial inclusion.

Meet the Owners Powering Nigeria’s Smartphone Boom

Nigeria’s smartphone market is booming, driven by major retail chains like SLOT, Pointek, 3CHUB, Phonemart, and Spectrum Phones. Meet the…

Larry Ellison Returns to the Top: Oracle Co-Founder Nears $400 Billion Fortune

Oracle co-founder Larry Ellison is back in the spotlight as his fortune nears $400 billion, driven by Oracle’s AI-powered cloud…

58% of Nigerian women experience online abuse, Gatefield report reveals

The “State of Online Harms in Nigeria 2024” report, conducted by Gatefield with funding from Luminate, reveals a stark reality:…

Social Tech

Will the iPhone XR-to-17 Conversion Saga Threaten Apple’s Brand and Sales in Nigeria?

The viral saga over “iPhone XR converted to iPhone 17 Pro Max” between influencers Blord and VeryDarkMan has sparked outrage and raised concerns about counterfeit Apple devices in Nigeria — threatening consumer trust, brand perception,

BBM, Goodie Goodie, Share A Coke – Things Millennials Got to Experience That Gen Zs Haven’t

From BBM pings and Goodie Goodie treats to “Share a Coke” bottles and indestructible Nokia phones — here are nostalgic…

U.S. Embassy in Nigeria Suspends Social Media Updates Amid Government Shutdown

The U.S. Embassy in Nigeria has suspended social media updates on X due to a U.S. government shutdown. Consular services…

Spotify CEO Daniel Ek to Step Down, Co-CEOs Named for January 2026 Transition

Spotify CEO Daniel Ek will step down in January 2026, transitioning to Executive Chairman. Gustav Söderström and Alex Norström will…