Again, Nigerians lose savings to Ponzi scheme

1. Nigerians are suffering financial losses after the online investment platform PXES abruptly halted payouts and became inaccessible. Investors who put aside from tens of thousands to millions of Naira have been left in limbo, with some resorting to looting PXES offices in a desperate search for recovery. 2. Dangote Petroleum Refinery has raised the price of premium motor spirit (petrol) from N1,265 to N1,350 per litre, effective Saturday, 12 September 2026.

This is the fourth upward adjustment since August 21, with the refinery increasing the price in incremental steps. 3. The Nigerian Civil Aviation Authority has imposed a N15 million fine on RwandAir for consumer protection-related infractions, specifically for failing to resolve a baggage complaint within the mandated timeframe.

The sanction was announced by NCAA spokesperson Michael Achimugu. 4. A new tactic employed by child traffickers involves posing as civil society organizations, humanitarian workers, and orphanage representatives to gain access to vulnerable children. This method has resulted in the rescue of over 180 children from trafficking networks operating across several states, according to the National Agency for the Prohibition of Trafficking in Persons.

5. Nigerians are falling victim to miracle scams, with fraudulent individuals claiming to offer divine breakthroughs and selling miracle products. These scams have cost citizens millions of Naira, as detailed in investigative reports by Victor Ayan.