The Competition and Consumer Protection Tribunal has upheld the $220 million fine imposed on Meta Platforms Incorporated by the Federal Competition and Consumer Protection Commission (FCCPC). Ijagwu highlighted that the Tribunal clearly affirmed the Commission’s adherence to existing laws, confirming it carried out its duties and exercised its authority in line with the provisions of…
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. While these so-called “revelations” are largely unfounded, they mask a sophisticated operation selling counterfeit goods, one that’s capitalizing on the confusion surrounding international trade tariffs. Some Chinese content creators, claiming to be…
The President and Chief Executive of the Dangote Group, Aliko Dangote, has expressed gratitude over his appointment to the World Bank’s Private Sector Investment Lab, a body tasked with boosting investment and job creation in emerging economies. In a statement confirming his acceptance, Dangote reaffirmed his commitment to fostering sustainable economic growth through private sector-led…
Nigerian hip-hop singer, Terry Alexander Ejeh, popularly known as “Terry Apala”, has been remanded in Ikoyi Correctional Centre in Lagos State The Economic and Financial Crimes Commission arraigned Ejeh before Justice Akintayo Aluko on a one-count charge of abusing the naira by trampling on it while dancing during a social event held at Madison Place,…
The National Economic Council (NEC) on Thursday postponed discussions on the creation of state police to its next meeting, despite ongoing violence and unrest in parts of the country. Bayelsa State Governor Douye Diri, speaking to State House Correspondents after the council’s 149th session at Aso Rock Villa, confirmed that while the topic was listed…
