Chioma Agha

CXMT Founder Pledges $5.6 Billion to Employees After Record IPO

Zhu Promises Workers $5.6 Billion in Bonuses Chinese memory chip giant CXMT has made history after its blockbuster stock market debut. The company’s shares jumped between 466% and 530% on the Shanghai STAR Market. That stunning rise pushed founder Zhu Yiming’s wealth to $13.9 billion, according to the Bloomberg Billionaires Index. However, the biggest surprise…

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SERAP Sues NNPCL Over Unexplained N211 Trillion in 2023 Accounts

SERAP sues NNPCL over an unexplained N211 trillion in its 2023 audited accounts, demanding full disclosure of transaction details. The Socio-Economic Rights and Accountability Project (SERAP) has taken the Nigerian National Petroleum Company Limited (NNPCL) to the Federal High Court in Abuja. The lawsuit challenges the company’s failure to explain N211 trillion recorded in its…

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