Several Nigerian fintech companies have issued stern warnings to their users regarding the trading of cryptocurrencies or any form of virtual currency through their platforms. The companies, including Opay, Moniepoint, PalmPay, and Paga, communicated this directive to their customers on Friday.This announcement follows a directive from the Central Bank of Nigeria (CBN) last week, which prohibited major fintech firms like Kuda, Opay, PalmPay, and Moniepoint from acce...

The National Agency for Food and Drug Administration and Control (NAFDAC) has intensified its efforts to combat illicit alcohol production in Lagos State, uncovering a clandestine facility at the Trade Fair Complex. In a recent enforcement operation spearheaded by NAFDAC's Investigation & Enforcement Directorate, authorities dismantled unauthorized production setups operating within various units of Niger 4 Plaza.The crackdown, prompted by actionable intelligence, y...

The management of Michael Okpara University of Agriculture in Umudike, Abia State, has taken the decision to indefinitely close the academic institution following a protest by students on Tuesday. The protest reportedly resulted in the alleged vandalization of valuable assets within the school premises, an act the Vice Chancellor, Professor Maduebibisi Ofo Iwe, attributed to the activities of miscreants.In a statement released on Tuesday and made available to ABN TV...