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
Nigeria needs $2.3tn to address infrastructure deficit-FG

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
NACCIMA’s new president calls for increased momentum for economic recovery

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 Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

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

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘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)

‘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

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
NUPRC Mandates Unique ID and Clearance for All Crude Oil Exports Under New Regulation

Nigeria’s Crude Producers Invest $8bn in Rig Infrastructure to Boost Output

July 10, 2025
Petrol Imports Hit Record Low as Dangote Refinery Boosts Local Output

Petrol Imports Hit Record Low as Dangote Refinery Boosts Local Output

July 10, 2025
IMF Pledges Support for FIRS Amid Ongoing Tax Reforms

IMF Pledges Support for FIRS Amid Ongoing Tax Reforms

July 10, 2025
FG Sanctions Oil Producers for Flouting Gas Flare-Out Programme

FG Sanctions Oil Producers for Flouting Gas Flare-Out Programme

July 10, 2025
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
  • World

Recent News

NUPRC Mandates Unique ID and Clearance for All Crude Oil Exports Under New Regulation

Nigeria’s Crude Producers Invest $8bn in Rig Infrastructure to Boost Output

July 10, 2025
Petrol Imports Hit Record Low as Dangote Refinery Boosts Local Output

Petrol Imports Hit Record Low as Dangote Refinery Boosts Local Output

July 10, 2025
  • 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!