Business Archives - Freedom Square TV

INTERPOL Arrests 1,462 Cybercrime Suspects and Recovers $105m in Massive African Enforcement Blitz

Posted October 22, 2026 by FreedomsqaureTV

The International Criminal Police Organization (INTERPOL) has successfully concluded "Operation Serengeti III," one of the largest cybercrime enforcement sweeps across the African continent, resulting in the arrest of 1,462 suspects and the recovery of $105 million in illicit funds. Carried out between June 29 and August 31, 2026, in…

European Union Releases statement says election lacks transparency

Coca-Cola, Nestlé, and Danone Amend Plastic Recycling Claims Following EU Greenwashing Pressure

Posted October 22, 2026 by FreedomsqaureTV

Major global beverage and food conglomerates—including Coca-Cola, Nestlé, and Danone—have officially agreed to alter their corporate recycling claims on plastic packaging following sustained regulatory pressure from the European Union. This regulatory intervention comes in the wake of complaints lodged by European consumer protection groups back in November 2023, which…

CAC Commences Mass Striking-Off Exercise, Targets 100,000 Defaulters in Regulatory Cleanup

Posted July 16, 2026 by Freedom Square TV

The Corporate Affairs Commission (CAC) has initiated a massive regulatory crackdown, placing 100,000 inactive companies on notice for striking off from the national corporate register. This sweeping exercise is driven by the failure of these affected entities to comply with basic statutory obligations, specifically their ongoing failure to file…

Microsoft Announces Major Restructuring and 4,800 Layoffs

Posted July 6, 2026 by Freedom Square TV

Microsoft announced Monday that it is eliminating approximately 4,800 jobs—roughly two percent of its global workforce—as part of an aggressive cost-cutting strategy and a sweeping restructuring of its struggling Xbox gaming division. The mass layoffs mark the tech giant's latest effort to free up capital as it pours tens of…

Tony Elumelu to Step Down as UBA Chairman, Emmanuel Nnorom Named Successor

Posted July 6, 2026 by Freedom Square TV

Tony Elumelu will retire as Group Chairman of United Bank for Africa on August 21, 2026, after completing the maximum 12-year tenure for non-executive directors as stipulated by the Central Bank of Nigeria corporate governance guidelines. The decision was approved during the bank's board meeting on Monday. The bank…

CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Violations

Posted July 1, 2026 by Freedom Square TV

The Central Bank of Nigeria (CBN) has withdrawn the operating licences of 46 microfinance banks across the country, with the decision taking effect from July 1, 2026. The development was announced in a statement issued on Wednesday by the Acting Director of Corporate Communications at the CBN, Hakama Sidi…

WhatsApp to Introduce Usernames, Ending Need to Share Phone Numbers

Posted June 30, 2026 by Freedom Square TV

Meta-owned messaging platform WhatsApp has announced a major privacy update that will allow users to connect with others without sharing their phone numbers, introducing unique usernames as an alternative way to identify and contact people. The company disclosed on Monday that the feature, which will be rolled out gradually…

Mastercard Brings $2bn Forex Into Nigeria, Prevents $200m Fraud – CEO

Posted June 24, 2026 by Freedom Square TV

The Chief Executive Officer of [Mastercard], Michael Miebach, has disclosed that the global payment technology company is contributing approximately $2 billion in foreign exchange inflows to Nigeria while helping to prevent nearly $200 million in fraudulent financial transactions. Miebach made the disclosure on Thursday during a visit to Bola…

MTN Suspends Services After Office Vandalism

Africans Borrowed $3.18bn Airtime Credit in 2025 as Nigeria Remains Key Market for Optasia

Posted June 15, 2026 by Freedom Square TV

Mobile phone users in Nigeria and other emerging markets received airtime credit worth $3.18 billion in 2025, reflecting a growing reliance on telecom-linked lending services across developing economies, according to the latest financial statements released by fintech company Optasia. The report showed that airtime advances provided through telecommunications operators…

China Condemns US Blacklisting of Alibaba, Baidu Over Military Links Allegations

Posted June 9, 2026 by Freedom Square TV

China has strongly criticised the United States for adding several Chinese firms to a Pentagon blacklist, describing the move as an unjustified crackdown on its companies. Speaking on Tuesday, Chinese Foreign Ministry spokesman Lin Jian said Beijing firmly rejects what it views as Washington’s misuse of national security concerns…

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