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NDIC Warns Nigerians Against Ponzi Schemes, Urges Use of Licensed Banks

The Nigeria Deposit Insurance Corporation (NDIC) has cautioned Nigerians against falling prey to fraudulent investment and Ponzi schemes, stressing that only deposits in licensed banks are insured and protected.   The NDIC Managing Director, Mr. Thompson Sunday, gave the warning on Thursday in Abuja during the corporation’s Special Day at the ongoing 20th Abuja International […]

Foreign News Politics

Trump Freezes $26bn for Democratic States as Shutdown Deepens

  The U.S. government shutdown has entered its second day with mounting tension after President Donald Trump’s administration froze $26 billion in federal funding earmarked for Democratic-led states, a move that has sparked outrage, fears of job losses, and warnings of long-term economic damage. The suspended funds include $18 billion for New York infrastructure projects, […]

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Nigeria Reaffirms Commitment to Investor-Friendly Reforms at Africa Energy Week

  Nigeria has reassured international investors of its determination to sustain ongoing reforms aimed at making its oil and gas sector more attractive, transparent, and competitive. The pledge was delivered during the Africa Energy Week (AEW) 2025 in Cape Town, South Africa, where top government officials showcased recent progress and outlined new initiatives to boost […]