141 Nigerians arrested in Ghana over cybercrime
Ghanaian authorities arrest 141 Nigerians in Accra for alleged wire fraud, romance scams, and sextortion. 38 laptops and 150 phones seized. Read the full story.
Category : Search result: forex scam
Nigeria's Forex Market Expands with Better Access & Liquidity
Nigeria's forex market is rapidly evolving with deeper liquidity, smoother mobile access, and easier funding. Learn what this means for traders in Lagos, Abuja, and Port Harcourt and how to navigate the new conditions for success.
Opay Debunks N5,000 Christmas Giveaway Claim
Opay has officially denied a viral social media claim about a N5,000 Christmas giveaway. The fintech warns users against scams and shares vital security tips. Read more to stay safe.
N-HYPPADEC Denies Fake Recruitment in New Bussa
N-HYPPADEC disowns a fraudulent recruitment screening exercise in New Bussa, Niger State. The Commission urges the public to verify information via official channels to avoid scams.
CBN Pumps $150M to Defend Naira Amid Forex Crunch
The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.
Visa Warns Nigerians of Top 5 Holiday Scams to Avoid
Visa outlines the most common December scams in Nigeria, from fake online deals to travel fraud. Learn how to protect your money and personal information this festive season.
Naira Gains Against Dollar, Experts Predict 2026 Rate
The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.
Naira to Trade N1,470-N1,520/$1 in 2026, Say Experts
Economic analysts forecast a stable naira exchange rate in 2026, with the CBN prioritizing market confidence and reduced volatility over aggressive appreciation. Key projections and government expectations revealed.
Naira Strengthens, Black Market Dollar at ₦1,478
The naira appreciates at NAFEM as black market traders adjust rates. CBN approves 82 BDCs, warns public to verify operators. Get the latest forex market analysis.
CBN Intervention Boosts Naira, Dollar Rate Improves
The Nigerian naira staged a strong recovery on Monday after the Central Bank sold $150 million to dealers. The official rate appreciated to ₦1,456.56 per dollar, easing short-term pressure. Read the full analysis.
Woman fakes kidnap, extorts ₦2.5m from husband
Lagos police arrest a 26-year-old woman and accomplice for staging her own abduction to extort money from her husband. Full investigation details revealed. Report any suspicious activity to the police.
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.
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.
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