Business Hilights

Tracking Nigeria's Headline Business News Online

European Commission

facebook zuckerberg
ICT

EU explains fine of 110mn euros on Facebook over ‘misleading’ info in WhatsApp takeover

The European Commission on Thursday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp. EU Competition Commissioner Margrethe Vestager said in a statement said “Today’s decision sends…

EC deepens Africa Renewable Energy Initiative, votes $5bn on energy schemes

As part of its renewed efforts to grow renewable energy initiatives in Africa, the European Commission (EC) has announced its continued support to the African continent by promoting renewables through the Africa Renewable Energy Initiative. The initiative is in line…