Business
Federal High Court bars NBC from imposing fines on broadcast stations in Nigeria

A Federal High Court in Abuja, on Wednesday, gave an order of perpetual injunction restraining the National Broadcasting Commission (NBC) from imposing fines, henceforth, on broadcast stations in the country.
Justice James Omotosho, in a judgement, also set aside the N500,000 fines imposed, on March 1, 2019, on each of the 45 broadcast stations.
Justice Omotosho held that the NBC, not being a court of law, had no power to impose sanctions as punishment on broadcast stations.
He further held that the NBC Code, which gives the commission the power to impose sanction, is in conflict with Section 6 of the Constitution that vested judicial power in the court of law.
He said the court would not sit idle and watch a body imposing fine arbitrarily without recourse to the law.
He said that the commission did not comply with the law when it sat as a complainant and at the same time, the court and the judge on its own matter.
The judge agreed that the Nigeria Broadcasting Code, being a subsidiary legislation that empowers an administrative body such as the NBC to.enforce its provisions cannot confer judicial powers on the commission to impose criminal sanctions or penalties such as fines.
He also agreed that the commission, not being Nigerian police, had no power to conduct criminal investigation that would lead to criminal trial and imposition of sanctions.
“This will go against the doctrine of separation of powers,” he said.
Omotosho held that what the doctrine sought to achieve was to prevent tyranny by concentrating too much powers in one organ.
“The action of the respondent qualifies as excessiveness” as it had ascribed to itself the judicial and executive powers.
The News Agency of Nigeria (NAN) reports that the NBC had, on March 1, 2019, imposed the sum of N500, 000 each on 45 broadcast stations in the country over alleged violation of its code.
However, the Incorporated Trustees of Media Rights Agenda had, in an originating motions marked: FHC/ABJ/CS/1386/2021, sued the NBC as sole respondent in the suit.
In the motion dated Nov. 9, 2021 by its lawyer, Noah Ajare, the group sought a declaration that the sanctions procedure applied by the NBC in imposing N500,00Q fines on each of the 45 broadcast stations on March 1, 2019 was a violation of the rules of natural justice.
The lawyer also said that the fines were in violation of the right to fair hearing under Section 36 of the 1999 Constitution (as amended) and Articles 7 of the African Charter on Human and Peoples Rights (Ratification and Enforcement) Act (Cap AQ) Laws of the Federation of Nigeria, 2004.
The group argued that this was so because the code, which created the alleged offences of which the broadcast stations were accused was written and adopted by the NBC, “and also gives powers to the said commission to receive complaints of alleged breaches, investigate and adjudicate the complaints, impose sanctions, including fines, and ultimately collect the fines, which the commission uses for its own purposes.”
They, therefore, sought an order setting aside the N500,000 fines purportedly imposed by the NBC on each of the 45 broadcast stations on Friday, March 1, 2019.
They also sought “an order of perpetual Injunction restraining the respondent, its servants, agents, privies, representatives or anyone acting for or on its behalf, from imposing fines on any of the broadcast stations or any other broadcast station in Nigeria for any alleged offence committed under the Nigerian Broadcasting Code.”
Delivering the judgment, Justice Omotosho decsribed the NBC’s act as being ultra vires.
He held that the fines imposed by the NBC as punishment for commission of various offences under its code were contrary to the law and hereby declared as unconstitutional, null and void.
The judge also made an order of perpetual injunction restraining the commission from further imposing fines on broadcast stations in the country.
Courtesy: (NAN)
Business
FG flags off CNG mother station for SS, SE in Akwa Ibom
CNG is not only cost-effective but also environmentally friendly, offering a real solution to reducing carbon emissions.

The Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, has performed the groundbreaking of Guelph Gas Limited’s Compressed Natural Gas, CNG, mother station in Ibesikpo, Akwa Ibom State.
Sweetcrudereports, reported that the project, with a processing capacity of 3 million standard cubic feet per day, is aimed at supplying CNG to commercial and industrial users in the South-South and South-East regions not currently connected to Nigeria’s gas pipeline network.
Describing the project as a landmark development in Nigeria’s gas revolution, Dr. Ekpo said the initiative represents a strategic shift toward cleaner, more accessible energy sources for underserved regions.
This CNG project is a clear example of how our nation can leverage its vast natural gas resources to fuel a cleaner and more prosperous future.
CNG is not only cost-effective but also environmentally friendly, offering a real solution to reducing carbon emissions, ”the minister said during the ceremony.
Ekpo, who hails from Akwa Ibom, commended the state government’s proactive investment climate under Governor Umo Eno.
“As an indigene of Akwa Ibom, I take pride in the commitment of the government and people of the state to fostering growth and innovation.
Governor Umo Eno has created a supportive environment for investments that stimulate economic development and generate job opportunities for our citizens.
”The CNG mother station, once completed, is expected to serve as a central hub for compressed gas delivery across the two geopolitical zones, supporting the Federal Government’s Decade of Gas initiative and contributing to Nigeria’s energy transition.”
Business
PwC shuts operations in nine African countries
The decision came due to mounting differences with local partners, who said they lost over a third of their business in recent years after pressure from PwC’s global executives to drop risky clients.

(Reuters): PwC shut operations in nine Sub-Saharan African countries last month following a strategic review, the Big Four accounting firm said, in response to a media report that said the company exited over a dozen countries to avoid scandals.
PwC, which operates as a global network of locally owned partnerships, has shut operations in the Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, the Democratic Republic of Congo (DRC), Congo Republic, Republic of Guinea and Equatorial Guinea, it said in a statement, opens new tab published on its website on March 31.
The accounting firm directed Reuters to the statement in response to queries on a Financial Times article published earlier in the day that said PwC had exited multiple countries that were deemed too small, risky or unprofitable.
The decision came due to mounting differences with local partners, who said they lost over a third of their business in recent years after pressure from PwC’s global executives to drop risky clients, the FT said, citing people familiar with the matter.
Story and Image credit: Reuters
Business
WTO slashes 2025 trade growth forecast, warns of deeper slump
“I’m very concerned, the contraction in global merchandise trade growth is of big concern,” WTO Director General Ngozi Okonjo-Iweala told reporters in Geneva.

(Reuters): The World Trade Organization sharply cut its forecast for global merchandise trade from solid growth to a decline on Wednesday, saying further U.S. tariffs and spillover effects could lead to the heaviest slump since the height of the COVID pandemic.
The WTO said it expected trade in goods to fall by 0.2% this year, down from its expectation in October of 3.0% expansion.
It said its new estimate was based on measures in place at the start of this week.
“I’m very concerned, the contraction in global merchandise trade growth is of big concern,” WTO Director General Ngozi Okonjo-Iweala told reporters in Geneva.
U.S. President Donald Trump imposed extra duties on steel and car imports as well as more sweeping global tariffs before unexpectedly pausing higher duties on a dozen economies.
His trade war with China has also intensified with tit-for-tat exchanges pushing levies on each other’s imports beyond 100%.
The WTO said that, if Trump reintroduced the full rates of his broader tariffs that would reduce goods trade growth by 0.6 percentage points, with another 0.8 point cut due to spillover effects beyond U.S.-linked trade.
-
News1 day ago
Darkness looms in Nigeria as GenCos threaten shutdown over unpaid N4tn debt
-
Business1 day ago
JUST IN: FG scrambles to avert Gencos shutdown over N4tn debt
-
Politics3 days ago
Gabon Transit from Military to Democracy as Oligui Wins Presidential Election
-
Business1 day ago
Nigeria, Trinidad & Tobago Sign Direct Air Connectivity Agreement to Boost Trade
-
Sports3 days ago
Christian Chukwu’s Green Eagles teammate Charles Bassey dies at 71
-
Crime1 day ago
JUST IN: Tinubu orders offensive as fresh Plateau attack leaves 51 dead
-
News1 day ago
Full list of fifty-one people killed in Plateau Monday Morning Attack
-
International2 days ago
War: Ukraine loses 235 soldiers in 24 hours