Author: Ogochukwu Ndubuisi

Meta Gives EU Users ad Personalisation Choice, Commission Says Users of Meta’s social network in the EU are set to gain more control over their data and be shown fewer personalised ads, the European Commission said. The parent company of platforms Facebook and Instagram have committed to changes to comply with the EU’s Digital Markets Act (DMA), the commission said. “Meta will give users the effective choice between: consenting to share all their data and seeing fully personalised advertising, and opting to share less personal data for an experience with more limited personalised advertising,” a press release said. The options…

Tanzania Urges Citizens to Stay Home Ahead of Expected Protests Tanzania’s prime minister urged people to stay at home on Tuesday, when activists have called for protests against the violent suppression of anti-government demonstrations around October elections. The United Nations has said hundreds of people were likely killed in the protests, which were fuelled by the exclusion of leading opposition candidates. President Samia Suluhu Hassan was declared the winner of the presidential poll with nearly 98 per cent of votes. The government has acknowledged people were killed, without providing its own death toll, but it has rejected allegations that police…

EU Chief Costa Criticizes US Vision of Europe in its New Strategy European Council President António Costa said the European Union must draw consequences from the United States’ new national security. “We need to focus on building a Europe that must understand that the relationships between allies and the post-World War II alliances have changed,” Costa said at an event in Paris. Costa strongly criticised allegations that free speech is being censored in Europe and the approval of the “growing influence of patriotic European parties,” as the U.S. strategy states. “What we cannot accept is this threat of interference in…

Congo Battles Worst Cholera Outbreak in 25 Years, UNICEF Says The UN children’s agency on Monday said the Democratic Republic of the Congo is battling its worst cholera outbreak in 25 years which has killed almost 2,000 people since January. According to UNICEF, in one case, a quarter of the children in a Kinshasa orphanage 16 out of 62 died days after the disease swept through. UNICEF spokesperson John Agbor said “Congolese children should not be so gravely affected by what is a wholly preventable disease.” Cholera is a severe and potentially fatal diarrhoeal disease that spreads quickly when sewage…

Investors Take Profit in Treasury Bills after Surprise Rate Hike The average yield jumped in the secondary market as investors reduced their Nigerian Treasury bill holdings in reaction to surprise spot rate upward adjustments and auction size. Investors trimmed holdings in response to an adjustment to the authority’s auction calendar and the introduction of a new treasury bill offer amidst higher pricing for 364 days to maturity allotted at 17.50% at the midweek auction. The market expects the new auction sales this week to reflect previous spot rate pricing for long tenor despite the significant liquidity level in the financial…

GTCO Rises Amidst Update on Total Voting Rights Guaranty Trust Holdings Company Plc (GTCO) share price climbed to N89 in the stock market as investors’ sentiment improved amidst a broad-based rally that lifted the Nigerian Exchange (NGX) higher by N2.43 trillion. GTCO share price climbed amidst total voting rights disclosure released at the London Stock Exchange (LSE) as required by the UK financial watchdog for listed companies. Trading activities on GTCO have been heavy in the local bourse, reflected in its occasional price swings depending on market direction and investors’ sentiment. Trading details from the Nigerian bourse showed that GTCO…

NEPZA Urges FG to Grant SEZ Operators 10-year Tax Exemption The Nigeria Export Processing Zones Authority (NEPZA) has appealed to the Federal Government to grant operators within Nigeria’s Special Economic Zones a 10-year exemption from the newly introduced tax laws. Dr Olufemi Ogunyemi, Managing Director of NEPZA, made the appeal during a virtual stakeholder dialogue organised by the Federal Ministry of Industry, Trade and Investment. Ogunyemi, whonwas represented by Mrs Haleema Kamba, Director, Corporate Service, said that it would enable them to adjust their operations to the evolving regulatory environment. He said that the request had become necessary in view…

CAC Moves Against Illegal PoS Operators, Sets Jan. 1 Compliance Deadline The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise to end the operations of unregistered Point-of-Sale (PoS) agents across the country. The CAC in a statement signed by its management, directed all operators to regularise their businesses before Jan. 1, 2026. The commission said the directive became necessary following the rising number of PoS operators conducting business without registration. According to the statement, this is in violation of the Companies and Allied Matters Act (CAMA) 2020 and the Central Bank of Nigeria (CBN) Agent Banking Regulations. The…

PEBEC Ranks NCC Among Top Five Best-Performing Government Agencies in 2025 The Presidential Enabling Business Environment Council (PEBEC) has named the Nigerian Communications Commission (NCC) one of the top five best-performing Federal Government agencies for 2025 under the Transparency and Efficiency Category. The NCC was recognized alongside the Nigerian Content Development and Monitoring Board, which emerged overall best-performing agency; the National Drug Law Enforcement Agency, which placed second; as well as the Nigeria Customs Service and the Nigerian Ports Authority. The recognition was announced at the PEBEC Awards and Gala Night held on Tuesday at the State House Banquet Hall,…

NGX ASI Climbs as UACN, Ikeja, Transcorp Hotels Rally The Nigerian Exchange (NGX) All-Share Index (ASI) rose by 1.08% on Friday close as investors increased bets on UACN and hospitality stocks, including Ikeja and Transcorp Hotels. The market rallied four successive sessions and was supported by renewed buying interest in medium- and large-cap stocks across major sectors, most significantly the industrial goods sector and the banking sector. The NGX All-Share Index added 1,563.92 basis points to close at 147,040.07. The stock market capitalization advanced by ₦996.84 billion to ₦93.72 trillion on Friday. However, market activities were down as the total…