Category: Regulatory

The deal to combine the businesses has been met with growing opposition by antitrust regulators worldwide. In December, the US Federal Trade Commission sued to block the takeover over similar competition concerns. A hearing is scheduled for August. The European Union is also evaluating the transaction.

It reads in part: “The management is in receipt of a letter appointing Dr Monica Eimunjeze as the Acting Director General NAFDAC with effect from 12th November, 2022.

“Government is set to institute an environmental task force, especially on oil pollution, and will monitor, track, evaluate and sanction these erring companies and their local collaborators.

“Index A examines states’ ability to meet Operating Expenses (Recurrent Expenditure) with only their Internally Generated Revenue; Index A1 looks at the percentage year-on-year growth of each state’s Internally Generated Revenue.

However, in an apparent response to the concern raised by Emefiele, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has challenged the financial sector regulators including the CBN and the Nigeria Deposit Insurance Corporation (NDIC) to sharpen their regulatory tool kits to enable them respond to any potential financial crisis arising from the activities of fintechs, among others.

According to ARCON, the Council is not regulating the online media space. Rather, it’s focus is on advertising and marketing communications on the online platforms in line with its establishment Act.