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An adviser to the EU's highest court has endorsed regulators in their ongoing legal battle with Meta Platforms, endorsing the rejection of the company's appeals against data requests amid antitrust investigations.
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has highlighted that erratic regulatory frameworks across Africa serve as a critical barrier to cross-border energy initiatives.
The Central Bank of Nigeria has upgraded the licenses of various digital lenders and microfinance banks, indicating an effort to align regulatory oversight with the expanded operations of these companies.
The Federal Competition and Consumer Protection Commission (FCCPC) has launched enforcement actions against digital lending firms that did not comply with Nigeria's new digital lending framework by the January 5 deadline. This action aims to instill discipline and transparency in the sector.
During a court proceeding, a witness stated that the Kogi State Board of Internal Revenue made a commission payment of over N1.1 billion to a tax consultant, asserting that all actions complied with Central Bank of Nigeria regulations.
The House of Representatives has an essential role in Nigeria's democratic governance, and its recent actions raise concerns about its commitment to regulatory enforcement and consumer protection.
![The Central Bank of Nigeria, CBN. [PHOTO CREDIT: Ehud Kaduna]](https://api.sentineldigest.com/api/proxy-image/?url=https%3A%2F%2Fi0.wp.com%2Fmedia.premiumtimesng.com%2Fwp-content%2Ffiles%2F2022%2F01%2F20200913_161409-scaled-e1652250793565.jpg%3Fresize%3D1140%252C570%26ssl%3D1)
