The Parent company of Facebook, Instagram, and WhatsApp, Meta Platforms Inc., has been fined $220 million by the Federal Government for using its dominating market position to commit discriminatory activities against Nigerian users and for unauthorisedly appropriating personal data without authorization. According to the statement by the Federal Competition and Consumer Protection Commission (FCCPC) on…
Governors from several states have demanded a return of their entire equity interests in the $10 billion National Integrated Power Projects, which are managed by Niger Delta Power Holding Company. The governors under the Nigeria Governors’ Forum, its umbrella organization, also stated that the Federal Government need to reimburse an adequate rate of return for…
After the removal of the wasteful fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential CNG Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed to deliver compressed natural gas especially for mass transit. The Federal Government as part of the…
