President Bola Ahmed Tinubu has directed the Federal Competition and Consumer Protection Commission (FCCPC) to investigate major global technology companies and generative artificial intelligence (AI) platforms over allegations of anti-competitive practices and the commercial use of Nigerian media content without adequate compensation. The directive follows complaints by leading Nigerian media organisations that global digital platforms are profiting from locally produced news while undermining the sustainability of journalism. The FCCPC disclosed the development in a statement issued on Monday by its Director of Corporate Affairs, Ondaje Ijagwu. The investigation was triggered by a joint petition submitted to the Presidency by the…
Author: Elvis Eromosele
Pan-African renewable energy company WeLight has unveiled plans to invest $650 million (about N975 billion) in expanding solar mini-grid infrastructure across Nigeria, in a major push to bring reliable electricity to millions of people living beyond the reach of the national grid. The investment, disclosed in a post on X by the Special Assistant to the President on Social Media, Olusegun Dada, is aimed at dramatically increasing access to clean energy while growing WeLight’s rural customer base tenfold. WeLight said the expansion will focus on communities with little or no access to dependable electricity, providing homes and businesses with power…
The Nigerian Communications Commission (NCC) has called on Nigerian students to actively protect telecommunications infrastructure across the country, describing such facilities as critical national assets that support education, innovation, economic growth and digital connectivity. Dr. Aminu Maida, the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Commission, made the call during a courtesy and familiarisation visit by the newly elected leadership of the National Association of Nigerian Students (NANS) to the Commission’s Head Office, Friday in Abuja. The EVC, who was represented by Mrs. Nnenna Ukoha, the Director, Public Affairs Department, congratulated the newly elected NANS President,…
Fans of Coronation Street, Emmerdale, I’m a Celebrity… Get Me Out of Here! and Love Island can breathe easy after Sky confirmed that ITV’s biggest programmes will remain free to watch until at least 2034, following its landmark £1.6 billion acquisition of ITV’s media and entertainment business. The takeover, one of the largest in British media history, is aimed at creating a stronger competitor to global streaming giants such as Netflix, Disney+ and YouTube, as traditional broadcasters battle declining audiences and advertising revenues. Sky Chief Executive Dana Strong said ITV’s public service broadcasting commitments guarantee that its flagship programmes will remain available free-to-air until the broadcaster’s current licence expires in 2034.…
Microsoft has announced the elimination of 4,800 jobs, about 2.1 per cent of its global workforce, in its latest round of restructuring, with its gaming division, Xbox, bearing the brunt of the cuts. More than 1,600 Xbox employees will lose their jobs immediately, while another 1,600 positions are expected to be phased out over the next year as the company embarks on what Xbox Chief Executive Asha Sharma described as “the most significant restructure in Xbox history.” In a memo to employees, Microsoft Executive Vice President Amy Coleman said the restructuring was necessary to ensure the company remains competitive in a rapidly evolving technology…
…Lessons from the U.S. Commercial Service for the Next Generation of U.S.–Nigeria Economic Relations By Anayo Agu “Trade has probably done more than any other single influence to promote civilisation throughout the world.” Cordell Hull , Former U.S. Secretary of State and Nobel Peace Prize Laureate Throughout history, nations have projected their influence through military power, political ideology, scientific achievement, culture, and strategic alliances. Yet history repeatedly shows that the most enduring international partnerships are built through commerce. Trade accomplishes what politics alone often cannot. It creates shared interests where differences once existed, transforms diplomacy from conversations between governments into…
Tesla recorded a strong rebound in global vehicle sales during the second quarter of 2026, with deliveries rising 25 per cent year-on-year, signalling that the electric vehicle maker may be emerging from a prolonged slowdown. The company delivered more than 480,000 vehicles between April and June, up from just over 384,000 in the same period last year. Tesla uses vehicle deliveries as a proxy for sales. Although the company does not disclose regional sales figures, industry data suggests Europe played a pivotal role in the recovery. Data from the European Automobile Manufacturers’ Association (ACEA) shows Tesla’s sales in Europe surged…
EasyJet has moved a step closer to a potential £5.2 billion takeover after reaching an agreement in principle with US investment firm Castlelake, following weeks of negotiations. The development marks a significant shift after the British low-cost airline rejected four earlier takeover proposals, accusing Castlelake of attempting to acquire the company at an undervalued price. In a joint statement on Sunday, both parties confirmed they had reached an agreement in principle based on Castlelake’s latest proposal, submitted on July 4, valuing EasyJet at £6.90 per share. Despite the breakthrough, the transaction is not yet complete. Castlelake must still obtain the…
A Chinese court has ordered fast-growing bubble tea chain Molly Tea to pay 10.3 million yuan ($1.5 million) in damages to luxury fashion house Louis Vuitton after ruling that the company’s logo infringed the French brand’s trademark. The ruling has sparked a fierce debate across Chinese social media over intellectual property rights, with supporters and critics divided over whether the tea chain’s logo is an unlawful imitation or simply a common geometric design. According to Chinese media, the court in Jiangsu Province found that the Shenzhen-based tea company had copied Louis Vuitton’s iconic four-petal flower monogram, a signature element of…
The Centre for the Promotion of Private Enterprise (CPPE) has projected a cautious but steady recovery for Nigeria’s economy in the second half of 2026, while warning that rising political activities ahead of the 2027 general elections could undermine macroeconomic stability and slow ongoing economic reforms. The outlook is contained in the CPPE’s half-year economic review. According to the economic policy think tank, growth during the second half of the year is expected to be driven by the financial services, telecommunications, construction, trade and oil refining sectors. CPPE expects inflation to remain well below 2025 levels, supported by improved macroeconomic conditions.…