Category: Big Business
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Complete list of FIRS tax defaulters
Recently, the Federal Inland Revenue Service, FIRS, came out with its list of tax defaulters….
Jumia under fire for falsifying sales figures to the tune of $18 million as losses widens
NYSE-listed and African-focused eCommerce company, Jumia Technologies AG has now admitted that there were improper…
Intel debuts Springhill, first AI-powered processor
Global processor giant, Intel Corp. has just launched its first artificial intelligence (AI) powered processor…
Shoprite lifts revenue to N3.5 trillion in six months
Africa’s largest retailer and grocery seller, Shoprite Holdings Limited said its total merchandise sales for…
After ORide, OTrike OPay launches OBus bus-hailing service
Riding on the rising popularity of its bike-hailing service, ORide, OPay has just launched OBus,…
Seven Energy gets approval to sell off Accugas, subsidiaries
Seven Energy International Limited said it has received notification from the Nigerian Department of Petroleum…
Amazon wins U.S. tax agency, IRS in tax appeal
Global eCommerce giant, Amazon Inc., has won an appeal by the U.S. Internal Revenue Service…
U.S SEC fines Cantor, BMC Capital over $4 million for improper handling of ADRs
The Securities and Exchange Commission (SEC) said it has placed an administrative fine on Cantor…
FBI arrests Obinwanne Okeke, CEO of Invictus Group for alleged $11 million wire fraud
The founder and CEO of Invictus Group of Companies, Mr. Obinwanne Okeke has just been…
Novo Nordisk sued for $1.8 billion in a market manipulation scandal
Denmark’s insulin maker, Novo Nordisk is now embroiled in a legal battle with its investors…