Nigeria Fines Meta $220 Million for Data Privacy Violations

Nigeria Fines Meta $220 Million for Data Privacy Violations

Nigeria has fined Meta Platforms $220 million for violating local consumer, data protection, and privacy laws, the Federal Competition and Consumer Protection Commission announced on Friday as per Reuters. The FCCPC found that Meta misappropriated Nigerian users' data without consent, abused its market dominance by imposing exploitative privacy policies, and treated Nigerian users discriminatorily compared to other jurisdictions with similar regulations.

July 22, 2024 12

Africa

TotalEnergies Sells Minority Stake in Nigerian Onshore Oil JV for $860 Million

TotalEnergies has sold its 10% stake in the Shell Petroleum Development Company of Nigeria Limited to Mauritius-based Chappal Energies for $860 million says Reuters. CEO Patrick Pouyanne announced in February that TotalEnergies planned to exit the venture due to numerous oil spills caused by theft, sabotage, and operational issues, which resulted in costly repairs and high-profile lawsuits.

July 18, 2024 14

Science & Technology

Corruption hurts businesses but digital tools offer the hope of fighting it, say manufacturers in Ghana and Nigeria

Just_Super By Samuel Adomako, University of Birmingham; Joseph Amankwah-Amoah, Durham University; Shlomo Tarba, University of Birmingham, and Zaheer Khan, University of Aberdeen Technology has changed the way the world does business. Mobile and digital payment platforms, blockchain, cloud computing and artificial intelligence (AI) tools have all driven innovations in recent years. They allow businesses of all sizes to become more efficient and reach new markets. For […]

July 17, 2024 20

Africa

Suicide bombings in Nigeria: tactic is back after a four-year break – security researcher offers 3 possible reasons

By Al Chukwuma Okoli, Federal University Lafia Nigeria’s first suicide bombing since 2020 took place in June 2024 with four coordinated attacks that killed at least 30 people. The attacks took place in Gwoza, a town in Borno State, north-east Nigeria. Gwoza was once the seat of the Islamic Caliphate declared by Boko Haram insurgents in 2014. Boko Haram is an extremist sect which aims for […]

July 16, 2024 17

Africa

UK Court Dismisses P&ID Appeal And Upholds Nigeria’s £43 Million Award

A UK court has ruled in favour of Nigeria in an appeal filed by the Process & Industrial Development or P&ID challenging a previous ruling over what currency the payment of the legal costs incurred by Nigeria in a lawsuit involving the firm would be. This follows a judgment in December last year which dismissed an award of $11 billion damages to P & ID over a failed oil and […]

July 16, 2024 23

Africa

Nigeria and UAE Agree to Resume Travel Amid Currency Settlement

Nigeria and the United Arab Emirates have agreed to resume travel between the two countries, announced Nigeria's information minister on Monday according to Reuters. The UAE halted visa issuance to Nigerians in 2022 when Emirates Airline suspended flights, citing challenges in repatriating funds from Nigeria. Nigeria's central bank has since resolved a backlog of approximately $137 million in foreign exchange owed to international airlines.

July 16, 2024 8

Africa

Four Rescued And Two Critically Injured As Building Collapses in Nigeria

Emergency officials have rescued four people after a section of a building collapsed in Abuja, Nigeria's capital. Two of them are critically injured, and receiving medical attention in hospital. Tesem Akende reports.

July 15, 2024 26

Africa

Nigeria’s NNPC Seeks $2 Billion Oil-Backed Loan to Strengthen Finances

Nigeria's state-backed oil company, the Nigerian National Petroleum Corporation, is negotiating another oil-backed loan to enhance its finances and support business investments, its chief executive told Reuters. The NNPC aims to raise at least $2 billion, according to sources familiar with the matter, as the company faces increasing economic pressure.

July 10, 2024 9

Health / Medical

Surviving breast cancer: Nigerian women share their stories

By Candi Nwakasi, University of Connecticut “I believe I will still beat it again.” These are the words of a Nigerian woman, Didi, who feared a recurrence of her cancer – but saw herself as a survivor. Her attitude is becoming more common everywhere as more people are living after a cancer diagnosis. Though populations are growing and ageing, and cancer incidence […]

July 9, 2024 13