Business Law
CBEX: Unmasking the Cryptocurrency Ponzi Scheme That Shook Nigeria
In early 2025, Nigeria witnessed the collapse of Crypto Bridge Exchange (CBEX), a fraudulent cryptocurrency platform that lured thousands of investors with promises of extraordinary returns. Operating under aliases such as ST Technologies International Ltd and Super Technology, CBEX claimed to be a legitimate digital asset trading platform, offering investors a 100% return on investment within 30 days. However, these claims were part of a sophisticated Ponzi scheme that ultimately defrauded many Nigerians. The […]
Nigeria: Bridging US Buyers and China Amid Tariffs – A Legal and Strategic Pathway
The ongoing trade tensions between the United States and China, marked by the imposition of significant tariffs, have fundamentally reshaped the landscape of global commerce. As American businesses grapple with increased costs on Chinese imports, the need for innovative sourcing strategies has become paramount. This environment presents a unique opportunity for nations to position themselves as strategic intermediaries in the global supply chain. Nigeria, with its burgeoning economy and strategic location, has been identified as […]
The Global Landscape of Tariffs and Their Impact on Nigeria
Tariffs, defined as taxes imposed on imported goods, serve as significant tools in international trade and economic policy. Governments worldwide employ them for various reasons, ranging from protecting domestic industries to generating revenue and addressing trade imbalances. Understanding the global order of tariffs and recent trends is crucial to analyzing their impact on specific nations like Nigeria, which actively participates in the global trading system. The International Order of Tariffs: The modern international tariff system […]
Legal Landscape of Cryptocurrency in Nigeria: Challenges and Prospects
Introduction Cryptocurrency has emerged as a transformative force in global finance, providing an alternative to traditional banking and fiat currency transactions. In Nigeria, the adoption of digital assets like Bitcoin, Ethereum, and others has seen exponential growth, driven by financial inclusion, remittance efficiency, and investment opportunities. However, the regulatory stance on cryptocurrency in Nigeria remains a subject of debate, marked by policy fluctuations and legal uncertainties. The Legal Status of Cryptocurrency in Nigeria Cryptocurrency is […]