Business

Video: Why I Returned $14k Mistakenly Sent To Me By Foreign Crypto Trader – Nigerian Man

Published

12 months ago

July 2, 2024

Editor

Anjola Femi, a Nigerian man, has returned $14,000 (approximately N21 million) that was mistakenly sent to him by a foreign crypto trader.

The incident, which unfolded on social media, has garnered widespread attention and praise.

The story began when Femi participated in a cryptocurrency giveaway organized by Rafael Alvi, a foreign trader known on social media as @raffayalvi.

Femi was initially awarded $100 worth of Solana, a popular cryptocurrency.

However, due to an error, Alvi accidentally transferred $14,000 to Femi’s account instead.

Upon discovering the mistake, Femi made the decision to return the substantial sum.

His act of integrity did not go unnoticed, as Alvi publicly praised Femi on social media for his honesty.

The incident has since attracted significant attention, with many applauding Femi for his commendable actions.

When asked about his decision to return the money, Femi explained that honesty and integrity are values he holds dear.

He expressed that keeping the money would have been wrong and that he believes in doing the right thing, regardless of the circumstances.

“My name is Anjola Femi, the guy that is known as Lucky, that is the Twitter handle @muchino67.

“So I won this giveaway on Solana, $100 worth of Solana from Rafael Alvi this morning. So, what happened was that he sent it to me.

“So, when he sent it to me, he now messaged me that he mistakenly sent 100 Solana which was $14k instead of $100. So, he requested me to hold 10 and send 90 to him in which I did…,” Femi narrated.

When asked why he returned the substantial sum of money, Femi said; “I cannot keep the money because it is not mine. I am child of God and we all know that righteousness exalts a nation and thank God for Apostle Chris Onofua, the Kingdom Spread World Ministry general overseer. He has taught us the way of righteousness, so I am very very happy about what I did.

“He is happy, I am happy. I am just trying to show to the world that we Nigerians we are still great and also have a lot of people with integrity. I am also a graduate of the Federal University of Technology, Minna, 2017 set, chemical engineering to be precise.

“Thank you and God bless you all.”

Why I returned $14k mistakenly sent to me by foreign crypto trader – Nigerian man pic.twitter.com/EmVD7Yf1Aa
— Vanguard Newspapers (@vanguardngrnews) July 2, 2024
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Business

Naira Appreciates At Official Market

Published

4 weeks ago

May 24, 2025

Editor

The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market.

Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against the Dollar on Friday alone.

This marks a 0.28 per cent appreciation from Thursday’s closing rate of ₦1,584.95 in the official foreign exchange window.

The local currency maintained consistent strength throughout the week, recording gains daily.

On Monday, May 19, it traded at ₦1,598.68; on Tuesday, at ₦1,590.45; and on Wednesday, at ₦1,584.49.

These gains suggest increased investor confidence and improved forex supply, contributing to the naira’s performance.

Meanwhile, the CBN, at its 300th Monetary Policy Committee meeting held Monday and Tuesday, retained the Monetary Policy Rate at 27.5 per cent.

Business

BREAKING: Again, Dangote Refinery Cuts Petrol Price

Published

4 weeks ago

May 22, 2025

Editor

The Dangote Petroleum Refinery has announced a nationwide reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, with new prices now ranging between ₦875 and ₦905 per litre, depending on location.

The ₦15 per litre cut applies across all regions and partner fuel stations, and was confirmed via an official announcement posted on Dangote Refinery’s social media channels on Thursday.

Major marketers participating in the new pricing regime include MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy — partners in the distribution of Dangote-refined products.

Under the previous pricing structure, Lagos residents paid ₦890 per litre, while prices reached ₦920 in the North-East and South-South regions. With the latest adjustment, Lagos now pays ₦875 per litre, while the North-East and South-South will see prices drop to ₦905.

A regional breakdown of the revised prices is as follows: Lagos: ₦875, South-West: ₦885, North-West & Central: ₦895, North-East & South-South: ₦905 and South-East: ₦905.

In its announcement, Dangote Refinery encouraged consumers to purchase fuel only from authorised partner stations and urged the public to report any cases of non-compliance via its official hotlines: +234 707 470 2099 and +234 707 470 2100.

“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company said.

Business

Naira Appreciates Against Dollar At Foreign Exchange Market

Published

1 month ago

May 17, 2025

Editor

The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market.

It appreciated N1,598.72 against the U.S. Dollar, reflecting a modest gain that suggests continued efforts to stabilise the local currency.

According to figures published on the Central Bank of Nigeria’s official website, the Naira strengthened by N0.60k against the Dollar on Friday.

This upward movement represents a 0.03 per cent appreciation compared to the N1,599.32 exchange rate recorded at the close of trading on Thursday.

The local currency had shown some resilience earlier in the week, posting gains on both Tuesday and Wednesday trading sessions.

On Tuesday, the Naira appreciated by 0.02 per cent, followed by a stronger gain of 0.21 per cent on Wednesday.

These improvements were seen as positive indicators of growing investor confidence and increased supply in the foreign exchange market.

However, Thursday’s trading session saw a minor setback, with the Naira slipping by N2.62 against the Dollar.

This loss equated to a 0.16 per cent depreciation, dampening the midweek rally seen in previous sessions.

Market analysts attributed Thursday’s dip to a brief increase in Dollar demand from importers and other market participants.

Despite this, the week still closed on a positive note, with the Naira showing signs of gradual recovery and increased market stability.

Analysts continue to monitor the Central Bank’s policies, especially interventions aimed at improving Dollar liquidity and managing demand pressures.

The Naira’s performance in the coming weeks will likely depend on consistent supply inflows and investor sentiment across the broader economic landscape.