News
Customers reject Patricia’s Offer to Convert Debt to Equity, Plan Protest
Moves by Nigeria’s crypto trading company, Patricia Technologies, to convert its customers’ assets into equity shares in the company have been rebuffed.
Some of the customers who spoke to Nairametrics said they had received the offer letter signed by Patricia’s founder, Hanu Fejiro, but they refused to sign it because it would mean signing their money away.
They insisted on returning their crypto assets converted to Patricia Coin without their consent.
Although the company claimed its system was hacked earlier this year which led to the loss of about N2 billion in customer assets, hence the conversion of the customers’ assets value to its own created token, the customers are alleging fraud and insisting on the return of their original assets.
Already, some of the customers have concluded plans to hold a peaceful protest in Lagos to demand their crypto assets.

News
Lagos Police Arrest 32 Suspects, Recover 43 Vehicles, 10 Firearms

Lagos Police Arrest 32 Suspects, Recover 43 Vehicles and 10 Firearms
The Lagos State Police Command has arrested 32 suspects in connection with alleged armed robbery, cultism and other criminal activities across the state.
The command also recovered 43 vehicles, 10 firearms and other items during various operations conducted by its operatives, The Nation reports.
According to the police, the arrests and recoveries were recorded as part of intensified efforts to tackle criminal activities and improve security across Lagos.
The command said the suspects are being investigated over their alleged involvement in different offences, while the recovered vehicles and firearms have been secured as exhibits.
The police also disclosed that a 20-year-old suspect was arrested in connection with the alleged killing of a police sergeant.
The command said investigations were ongoing into the various cases, with efforts being made to establish the roles of the suspects and identify other individuals who may be connected to the alleged crimes.
The latest arrests come amid broader police operations across the country. In a separate nationwide update covering September 12 to 18, the Nigeria Police Force said 177 high-profile criminal suspects were arrested and 52 stolen vehicles recovered during operations across different states.
News
NECO Releases 2026 SSCE Results as 58.67% Secure English, Maths Credits

The National Examinations Council (NECO) has released the results of the 2026 Senior School Certificate Examination (SSCE) Internal, with 58.67 per cent of candidates obtaining at least five credits, including English Language and Mathematics.
NECO Registrar and Chief Executive, Professor Dantani Wushishi, announced the results on Thursday at the council’s headquarters in Minna, Niger State.
A total of 1,378,048 candidates registered for the examination, comprising 682,352 males and 695,696 females. Of the registered candidates, 1,371,992 eventually sat for the examination.
According to NECO, 804,948 candidates, representing 58.67 per cent, obtained five credits and above, including English Language and Mathematics. Another 1,162,118 candidates, representing 84.70 per cent, obtained at least five credits irrespective of their results in the two subjects.
The 2026 examination was conducted between June 15 and July 23 across Nigeria and six foreign countries: Benin Republic, Equatorial Guinea, Niger Republic, Côte d’Ivoire, Togo and Saudi Arabia. The nationwide marking exercise took place from August 17 to September 4.
NECO also reported a significant reduction in examination malpractice. The council said the number of candidates involved in malpractice fell from 3,878 in 2025 to 1,406 in 2026, representing a 64.74 per cent decline.
The registrar attributed the reduction to strengthened examination monitoring, improved processes and collaboration with security agencies and other stakeholders.
The council also disclosed that candidates with special needs participated in the examination, as part of its efforts to make the examination process more inclusive.
NECO said candidates can now access their results through its official result-checking platform using their examination registration details.
The release of the results comes 63 days after the conclusion of the 2026 SSCE examination.
News
Nigeria’s FX Supply Rises 20.5% to $8.94bn in 2025

Nigeria’s foreign exchange supply increased by 20.5 per cent to $8.94 billion in 2025, up from $7.43 billion recorded in 2024, according to data from the Central Bank of Nigeria (CBN).
The figures were contained in the apex bank’s 2025 Statistical Bulletin and represent an increase of about $1.51 billion in annual foreign exchange supply.
Monthly figures showed that supply remained relatively low at the beginning of 2025 before rising significantly in March and April.
FX supply stood at $590.64 million in January and $607.63 million in February. It then climbed to $1.04 billion in March before reaching its highest monthly level of $1.65 billion in April.
However, supply declined in the following months, falling to $838.93 million in May and $676.31 million in June. It recovered slightly to $759.02 million in July before dropping to $677.84 million in August and $399.80 million in September.
October recorded the lowest monthly figure for the year at $150.10 million. Supply later recovered to $638.38 million in November and $910.73 million in December.
The CBN also reported that total foreign exchange inflows into Nigeria rose from $96.53 billion in 2024 to $109.86 billion in 2025, representing a 13.81 per cent increase.
However, foreign exchange outflows also increased during the period, rising by 27.83 per cent from $38.37 billion to $49.05 billion.
As a result, Nigeria recorded a net foreign exchange inflow of $60.81 billion in 2025, compared with $58.16 billion in 2024.
The CBN data, however, do not provide a detailed breakdown of the sources of the $8.94 billion supplied during the year.
The increase in FX supply comes amid continued efforts to improve liquidity and stability in Nigeria’s foreign exchange market, although the market remained volatile in 2026.
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