ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home News

Court to hear FG’s N30bn suit against Facebook in October

Business 360 by Business 360
October 3, 2023
in News
0

The Federal High Court in Abuja Judicial Division is scheduled to hear a N30 billion lawsuit filed by the Advertising Regulatory Council of Nigeria (ARCON) against Meta Platforms Incorporated, the parent company of Facebook, Instagram, and WhatsApp, along with its agent AT3 Resources Limited in October. This information was revealed by the Director-General of ARCON, Olalekan Fadolapo, in an exclusive interview.

ARCON’s lawsuit seeks various declarations, including one asserting that the continuous publication and exposure of advertisements on Facebook and Instagram platforms targeting the Nigerian market by Meta Platforms Incorporated, without prior vetting and approval, is illegal, unlawful, and a violation of Nigerian advertising laws. The regulatory body further claims that Meta’s practice of exposing unvetted ads has resulted in a loss of revenue for the Federal Government.

Fadolapo confirmed that the Federal High Court in Abuja had granted ARCON permission to serve a writ of summons to Meta, which was subsequently served at the company’s corporate headquarters in the United States. This step was taken as Meta had previously asserted that it did not maintain a physical office in Nigeria.

Previous Post

NDPHC rejects gas sale in US dollars

Next Post

63rd Independence: NACCIMA seeks economic inclusivity, enabling environment

Business 360

Business 360

Next Post

63rd Independence: NACCIMA seeks economic inclusivity, enabling environment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026

BNP Paribas Sells 25% Stake in AG Insurance to Ageas for £1.9bn

December 8, 2025

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25

Goldlink’s restructures board

10

Airtel Africa Plc gets admitted to the NSE Main Board

6

Stallion Tank Farm resumes operations

3

US Stock Futures Rise as OpenAI Revenue Outlook Lifts Tech Sentiment, Oil Prices Decline

October 9, 2026

AEDC Unveils Digital Platforms, Pledges to End Estimated Billing and Protect Consumers’ Data

October 9, 2026

NNPC Targets Three Million Barrels Daily as Nigeria’s Oil Production Rises to 1.82mbpd

October 9, 2026

NUPRC Targets Recovery of 788,000bpd Shut-In Crude, Eyes $50bn Offshore Investments

October 9, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • West Africa
  • World

Recent News

US Stock Futures Rise as OpenAI Revenue Outlook Lifts Tech Sentiment, Oil Prices Decline

October 9, 2026

AEDC Unveils Digital Platforms, Pledges to End Estimated Billing and Protect Consumers’ Data

October 9, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!