Samuel Nwite
AUTHOR: Samuel Nwite
Dangote Withdraws Plan to Venture into Steel Following NMDPRA’s Monopoly Allegations
Aliko Dangote, the chairman of Dangote Industries Limited, has announced he is abandoning plans to enter Nigeria’s steel industry, following allegations of monopolistic practices...
Dangote Refutes NMDPRA Claims of Substandard Petroleum Products from His Refinery
Aliko Dangote, Africa's wealthiest man, has forcefully refuted allegations that petroleum products from his refinery are substandard, which has stirred controversy for the past...
Nigeria Discloses plans to Harvest Unclaimed Balances, Dividends and Funds in Dormant Accounts
The Central Bank of Nigeria (CBN) has announced its plan to harvest funds from unclaimed balances, dividends and dormant accounts, potentially putting them in...
Meta Fined $220m by Nigerian Regulator FCCPC Over Data Privacy Violations
In a first-of-its-kind regulatory action, Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) has imposed a $220 million penalty on Meta Platforms Incorporated for...
KPMG Criticizes Nigeria’s 50% FX Windfall Tax on Banks
The Nigerian government's recent decision to impose a 50% windfall tax on banks' foreign exchange revaluation gains recorded in 2023 has sparked a variety...