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The Nigeria Police Force has arrested and repatriated a Chinese national, Xu Qing, accused of orchestrating a $245 million Ponzi scheme fraud, back to his home country for prosecution. The post Police repatriate Chinese suspect over $245 million Ponzi scheme…
Read moreThe Economic and Financial Crimes Commission (EFCC) on Tuesday, May 5, 2026, arraigned a communications company, Metro Digital Limited, over the alleged unlawful interception and rebroadcast of Multichoice Nigeria Limited content. The post EFCC arraigns company for allegedly rebroadcasting Multichoice…
Read moreThe Nigerian equities market closed the trading day ended 5 May 2026 in negative territory, shedding 1,411.37 points to settle at 241,750.15 amid mild selling pressure. The post Nigerian equities market falls 0.58% amid rising volume appeared first on Nairametrics.
Read moreStrong investor demand positions Nigerian fintech as a credible participant in the debt capital markets Sycamore Integrated Solutions Limited has closed its Series 1 Commercial Paper issuance at ₦6.89 billion against a ₦3 billion target, drawing subscriptions at 2.3x the…
Read moreAt the third edition of the Payments Forum Nigeria (PAFON 3.0), leaders across Nigeria’s financial ecosystem shifted focus from expanding access to strengthening the infrastructure that supports digital finance. While the past decade prioritised onboarding more Nigerians into the financial…
Read moreNigeria supplied 28.5 million barrels of crude oil to domestic refineries in the first quarter of 2026, falling significantly short of the 61.9 million barrels allocated for the period. The post NUPRC: Refineries take ‘36–46%’ of crude available amid pricing…
Read moreLeading financial media firm, Nairametrics, has issued a public disclaimer distancing its Founder and Chief Analyst, Ugo Obi-Chukwu, from a series of fraudulent AI-generated videos circulating online that falsely portray him promoting stock investment groups. The post Nairametrics disclaims fake AI videos…
Read moreThe High Court of Justice in London has issued a post-judgment worldwide freezing order against Nigerian businessman Abdulrahman Musa Bashar and his Dubai-based firm, Ultimate Oil & Gas FZCO. The post UK court freezes assets of Nigerian oil magnate amid…
Read moreNorrenberger Financial Group has launched what it described as Nigeria’s first Corporate Sustainability Report, a publication aimed at strengthening environmental, social, and governance (ESG) standards across the country’s corporate sector. The post Norrenberger launches sustainability report to boost ESG reporting…
Read moreThe Socio-Economic Rights and Accountability Project (SERAP) has rejected what it described as a “seriously flawed judgment” delivered by the Federal Capital Territory High Court, Abuja, in a N5.5 billion defamation lawsuit filed against it by two officials of the…
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