The Daily Times Nigeria

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How CBEX Wiped Off Investors’ N1.3trn In 9 Months

1 week ago | dailytimesng.com | Temitayo Jaiyeola

BY TEMITAYO JAIYEOLANigerians are no strangers to Ponzi schemes, with CBEX joining a long list of successful scams. According to investors, the people behind the digital platform have carted away over N1.3 trillion from their wallets after crashing on Monday. The platform now joins the scams hall of fame in the country.
Revenue loss grips Nigeria, others over oil price drop

1 week ago | dailytimesng.com | Motolani Oseni

BY MOTOLANI OSENIOil price drop is biting exporters disproportionately with Nigeria and other oil export dependent economies taking the heat. A steep drop in crude oil prices largely due to U.S. President Donald Trump’s tariffs is reportedly squeezing budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers.
AI bocks 5.1bn harmful Ads In 2024, suspends 39m accounts-Report

1 week ago | dailytimesng.com | Motolani Oseni

BY MOTOLANI OSENIGoogle’s 2024 Ads Safety Report revealed how artificial intelligence is now a frontline defense against harmful online content, blocking 5.1 billion ads, restricting 9.1 billion more, and suspending over 39 million advertiser accounts, most before a single ad was shown. The crackdown comes as scams become more sophisticated, with many leveraging AI-generated content or impersonating public figures.
MTN Nigeria, digital encode partner to inspire female tech leaders

1 week ago | dailytimesng.com | Motolani Oseni

BY MOTOLANI OSENIMTN Nigeria and cybersecurity firm, Digital Encode have joined forces with eBusiness Life Communication Limited to support the 2025 International Girls in ICT Day campaign. The event, scheduled for May 15, 2025, in Lagos, is part of a global initiative by the International Telecommunications Union (ITU), aimed at bridging the gender gap in Information and Communication Technology (ICT).
Stakeholders canvass risk Mgt In infrastructure, enterprise devt for national growth

1 week ago | dailytimesng.com | Motolani Oseni

BY MOTOLANI OSENIStakeholders in insurance industry have canvassed risk management in governance, infrastructure planning, enterprise development, and public policy to engender national growth and development.
MTN Nigeria Mourns Founding Chairman, Pascal Dozie

1 week ago | dailytimesng.com | Motolani Oseni

BY MOTOLANI OSENIMTN Nigeria has announced the passing of its founding chairman, Dr. Pascal Gabriel Dozie, a revered business leader whose vision and leadership helped transform Nigeria’s telecommunications landscape. The company, alongside MTN Group, expressed deep sorrow while paying tribute to a man hailed as a pioneer, statesman, and titan of industry. Dozie played a critical role in the emergence of mobile telephony in Nigeria, leading MTN Nigeria from its inception in 2001 until 2019.
UBA unveils advanced PoS, MONI App to drive digital payments, empower SMEs

1 week ago | dailytimesng.com | Motolani Oseni

BY MOTOLANI OSENIAfrica’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empowering small and Medium Scale Enterprises across Africa. The upgraded platforms form part of the bank’s ongoing campaign with the theme: Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking.
Police arrest herbalist over death, mutilation of 11-year-old boy in Adamawa

1 week ago | dailytimesng.com | Tom Garba

By Tom GarbaIn a harrowing incident that has sent shockwaves through the community of Kodomun in Demsa Local Government Area, the Adamawa State Police Command has arrested a herbalist, Murtala Musa, for his involvement in the death and mutilation of an 11-year-old boy. The disturbing case came to light on April 13, 2025, when the Village Head of Kodomun and the boy’s mother, Fancy Alifas, reported the tragic circumstances surrounding the death of her son, Yangapwa David.
Tinubu overhauls NNPCL leadership, sparks industry debate

3 weeks ago | dailytimesng.com | Motolani Oseni

…Experts, engineers, gender advocates react to sweeping changesBY MOTOLANI OSENIPresident Bola Tinubu’s sweeping reorganisation of the Nigerian National Petroleum Company Limited (NNPCL) has triggered a wave of reactions across the oil and gas sector, with experts, professional bodies, and gender advocates weighing in on the implications of the shake-up.
Aradel Holdings declares N95.59bn dividend as profit soars to N259.1bn

3 weeks ago | dailytimesng.com | Motolani Oseni

BY MOTOLANI OSENIAradel Holdings Plc has proposed a final dividend of N95.59 billion, representing N22.0 per share for the year ended December 31, 2024, even as it reported a net tax profit of N259.1 billion in its audited results for the year under review. Further analysis of the company’s financial review showed that, revenue increased by 162.8 per cent to N581.2 billion from N221.1 billion in 2023.