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A sting operation by the officers of the Economic and Financial Crimes Commission, EFCC, has led to the arrest of 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scams. The Executive Chairman of the anti-graft agency, Ola Olukoyede, disclosed this at a news conference in Lagos on Monday. He added that […]

The World Bank has approved a $500 million concessional loan for the Rural Access Agricultural Marketing Project-Scale Up (RAAMP-SU), aimed at improving Nigeria’s rural road infrastructure. According to a statement from the World Bank, this financing, alongside an additional $100 million contribution from the Nigerian government, will help address the pressing infrastructure challenges faced by […]

The US government alleges TikTok allows Beijing to collect data and spy on users. Photo: STR / AFPSource: AFP TikTok asked the US Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell the popular online video-sharing platform or shut down a month from now. The law, signed […]

Juicyway, a Nigerian cross-border payments startup that helps businesses get FX for international transactions, has raised $3 million in pre-seed funding. The company will use the funding to expand its marketing and business development teams, improve its technology, and scale its business in Nigeria, the US, the UK, and Canada. P1 Ventures led the round […]

Transcorp Hotels Plc has announced the appointment of Mrs. Uzo Oshogwe as its new Managing Director/Chief Executive Officer (MD/CEO), effective January 1, 2025. Mrs. Oshogwe, currently the MD/CEO of Afriland Properties Ltd, brings a wealth of experience to her new role at Transcorp Hotels. She now succeeds Mrs. Dupe Olusola, who served as the MD/CEO […]