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Newspaper Headlines: CBEX resumes operations despite SEC ban, N1.2trn EFCC probe

Abdullah.Abdulsalam@thecable.ng'byAbdulsalam Abdullah
May 1, 2025 7:05 am

Reports on wage review and cost-of-living crisis dominate the frontpages on Workers’ Day. 

The Punch reports that the labour union is demanding a wage review amid the rising cost of living in the country. The newspaper says the Crypto Bridge Exchange (CBEX), a trading platform, has resumed operations despite a ban by the Securities and Exchange Commission (SEC) and a N1.2 trillion probe by the Economic and Financial Crimes Commission (EFCC).
Daily Trust reports that the Arewa Consultative Forum (ACF) has outlined specific conditions that must be met before the north will support any 2027 presidential candidate. The newspaper says governors from the north-central region are considering joint security operations to tackle insecurity and enhance regional coordination across their states.
Daily Sun newspaper reports that the Nigerian Financial Intelligence Unit (NFIU) has warned of a surge in ponzi schemes and unregulated crowdfunding scams. The newspaper says Babajide Sanwo-Olu, Lagos governor, has declared the state’s readiness to host the 2025 edition of the All Africa Music Awards (AFRIMA).
The Guardian newspaper reports that pandemonium escalated at the Port Harcourt refinery as the EFCC quizzed Jelili Ademoye, acting managing director. The newspaper says a report by the United Nations Children’s Fund (UNICEF) reveals that about two million Nigerian children have not been immunised.
ThisDay reports that Umo Eno, governor of Akwa Ibom state, has alluded to his imminent defection, saying the Peoples Democratic Party (PDP) will soon grind to a halt. The newspaper says Setonji Koshoedo, deputy national secretary of the main opposition party, has assumed office as acting national secretary of the PDP.
The Nation reports the federal government as saying workers deserve commensurate reward for their hard work. The newspaper says Ibok-Ete Ibas, the sole administrator of Rivers, has retrieved government vehicles from Ngozi Odu, the suspended deputy governor of the state.
Nigerian Tribune newspaper reports that Emeka Anyaoku, former secretary-general of the Commonwealth, alongside a group of leaders of thought, will host a national political summit. The newspaper says Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) and the Middle Belt Forum (MBF) have disagreed over their visit to the US ambassador.
Vanguard newspaper reports that Rita Lori-Ogbebor, rights activist, has petitioned President Bola Tinubu while rejecting the recent ward delineation by the Independent National Electoral Commission (INEC) in Warri federal constituency. The newspaper says the National Judicial Council (NJC) is investigating 27 judges and has suspended three without pay over alleged misconduct.

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