News

Tingo Founder, Dozy Mmobuosi, Fined $250m By US SEC

The US government has ordered Mr Dozy Mmobuosi, the CEO of Tingo Group, to pay a fine of over $250 million, months after he was officially charged with securities fraud in New York. First charged in December 2023, he was accused of orchestrating a massive scheme to inflate the company’s …

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$6Billion Debt, High Forex Rates Threaten Nigeria’s Petrol Supply, IPMAN Warns Of Prolonged Shortage

The development comes as the Independent Petroleum Marketers Association of Nigeria (IPMAN) reported that its members no longer have access to bulk petrol supplies. The prospect of a swift end to Nigeria’s petrol shortage appears increasingly bleak, as new revelations on Sunday highlighted the Federal Government’s mounting challenges. A staggering …

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