Meta-owned social media apps, including Facebook and Instagram could be shut down in the UK and in Europe. Facebook co-founder, Mark Zuckerberg has threatened to pull core services from the region following a dispute over data protection laws with Europe. Meta has quietly issued a warning saying that it could shut down the services if Europe doesn’t…
The Central Bank of Nigeria has launched what it calls One-Hundred-For-One-Hundred initiative to drive production in the country. CBN Governor, Godwin Emefiele, led other top officials of the bank and the Federal Government at the launch in Abuja. The Secretary to the Government of the Federation, Boss Mustapha, who was represented at the event, urged those who…
China Unicom has become the latest Chinese telecoms giant to be banned from the US over national security and espionage concerns. The Federal Communications Commission said it had voted unanimously to revoke authorisation for the company’s American unit to operate in the US. The FCC said the firm must stop providing telecoms services in America within 60…
The Nigerian National Petroleum Corporation has said that it requires three trillion naira for the payment of petrol subsidy this year. This was reported by the Minister of Finance, Budget, and National Planning, Zainab Ahmed, at the Federal Executive Council meeting. Zainab Ahmed told State House correspondents after the FEC meeting that the subsidy money is to…
The Central Bank of Nigeria believes that the reason for the continued high cost of food in the market is due to the activities between the farms and markets. CBN Governor, Godwin Emefiele, said such activities include transportation of produce from the farms to the markets, as well as hoarding by traders who buy produce in large…
The Independent Petrol Marketers Association of Nigeria has welcomed the extension of petrol subsidy removal by eighteen months. IPMAN’s National Operations Controller, Mike Osatuyi, said the association is also in support of the plan by the Federal Government to put in place measures to absorb the effect of the removal of petrol subsidy when it begins. Osatuyi…