Category: Business

Meta has announced its intention to appeal the decision of the Competition and Consumer Protection Tribunal (CCPT), which upheld a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) over its data practices. The penalty follows a 38-month investigation conducted by the FCCPC, in collaboration with the Nigeria Data Protection Commission …

United Bank for Africa (UBA) Plc has successfully raised N250 billion through a rights issue that was significantly oversubscribed. The marked achievement is a major milestone in the bank’s ongoing capital raise program, aimed at meeting the Central Bank of Nigeria’s (CBN) new minimum capital requirements for commercial banks with international licenses. The rights issue, …

MTN Group has alerted stakeholders that it has encountered a cyber security incident that resulted in unauthorised access to some customers’ personal information in specific markets. Nonetheless, Africa’s largest telco, stated that its core network, billing systems, and financial services infrastructure are secure and fully operational. It went on to say: “An unknown third-party has …

            Aliko Dangote, President and CEO of the Dangote Group, has expressed gratitude following his appointment to the World Bank’s Private Sector Investment Lab—a global initiative aimed at driving investment and job creation in emerging economies. In a statement, Dangote said he was honored and excited to join the Lab, …

The Nigerian Aviation Fire and Safety Association (NAFSA) has castigated the decision of the United Nigeria Airlines (UNA) to continue flight operations despite the ongoing strike embarked upon by the staff of Nigerian Meteorological (Nimet) over Condition of Service (CoS). NAFSA insisted that the decision of the airline to continue to operate flights amounted to …

The staff of the Nigerian Meteorological Agency (Nimet) has suspended its indefinite strike, barely 48 hours after its commencement. A statement by Mr. Tunde Moshood, Special Adviser on Media and Communications to Mr. Festus Keyamo, the Minister of Aviation and Aerospace Development said that the unions suspended the strike after intervention by the minister. The …

      A coalition of 12 U.S. states filed a lawsuit on Wednesday, April 23, challenging the Trump administration’s recent tariffs, arguing that the president does not have the authority to impose such levies without Congressional approval. “President Trump’s reckless tariff scheme is not only economically damaging — it’s illegal,” said Arizona Attorney General …

        The Federal Government Staff Housing Loans Board (FGSHLB) has started compiling a list of retired civil servants who have not fully repaid their housing loans. This was disclosed by the board’s Head of Information and Public Relations, Mrs. Ngozi Obiechina, in a statement issued on Thursday in Abuja. According to her, …

          Swedish truck manufacturer Volvo Group reported a 30% drop in net profit for the first quarter of the year, as global trade uncertainty and falling vehicle sales took a toll on business. Vehicle sales declined by 9%, and the company cited increasing concerns over trade tariffs as a major factor. …

Edward Omoruyi Osagie, spokesman for the Nigerian Maritime Administration and Safety Agency (NIMASA), has emerged the most outstanding spokesperson in the Marine and Blue economy sector. Osagie, with a benign mien, emerged as the best in this category during the Award ceremony of the 2025 edition of the “National Spokespersons’ Awards (NSAwards) held in Abuja. …