Year 2024

KPMG Fined $25Million Over Exam Cheating Scandal

KPMG Netherlands has been fined $25 million by the US regulator Public Company Accounting Oversight Board (PCAOB) for widespread cheating during compulsory exams and misleading regulators in the US and the Netherlands. “The PCAOB found that widespread improper answer sharing…

Togo Govt Declares Opposition Protest illegal Amid Rising Political Tensions

TOGO’S government has declared a planned three-day opposition protest this week as illegal, escalating tensions in the West African nation amid arrests of opposition figures and legislative changes aimed at scrapping presidential elections. The interior and security ministries issued statements branding the upcoming…

Nigeria Recalls Johnson & Johnson Cough Syrup Over Toxicity

NIGERIA’S National Agency for Food and Drug Administration and Control (NAFDAC) has taken a decisive step in public health safety by issuing a recall for a batch of Johnson & Johnson’s children’s cough syrup. The recall comes following the detection…

Guinea Secures $15bn Financing For Simandou Iron Ore Project

IN a landmark development, the government of Guinea revealed on Tuesday that stakeholders involved in the Simandou iron ore project have inked financing agreements worth a staggering $15bn. The agreements, aimed at bolstering crucial infrastructure, represent a significant step forward…

Nigeria’s Electricity Rate Hike Sparks Public Outcry

A RECENT surge in electricity rates in Nigeria, the most populous country in Africa, has triggered widespread discontent among businesses and consumers, highlighting the challenges posed by economic reforms initiated by President Bola Tinubu’s administration. Jude Okafor, a small business owner running…