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NPO pledges full cooperation with FCCPC in ‘Big Tech’ probe, hails Tinubu’s directive

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The Nigerian Press Organisation (NPO) has pledged to cooperate fully with the Federal Competition and Consumer Protection Commission (FCCPC) in its investigation into major global technology companies and generative artificial intelligence (AI) platforms, saying it will provide all necessary evidence to support the inquiry.

The body issued the pledge in a statement signed by its Vice President, Frank Aigbogun, on Friday, noting that the move to investigate the tech giants will challenge the tech companies’ lack of transparency and accountability in their operations in Nigeria.

On Monday, President Bola Tinubu directed the FCCPC to investigate major global tech companies over alleged anti-competitive practices and the unauthorised use of content belonging to Nigerian media organisations.

Mr Tinubu’s directive followed a joint call in February by Nigerian press bodies on the government to intervene to protect the Nigerian press from the growing dominance of global digital platforms over the country’s information ecosystem.

NPO commended Mr Tinubu’s directive to investigate the global tech companies, noting it will protect the rights of Nigerian publishers.

The organisation said the investigation should promote a balanced digital economy that respects Nigeria’s sovereignty and protects the rights of Nigerian publishers.

“The NPO, alongside its constituent bodies, stands ready to cooperate fully with the FCCPC during this inquiry, providing all necessary evidence to ensure a balanced digital economy that respects Nigerian sovereignty and the rights of Nigerian publishers,” the press body said.

The body comprises the Newspaper Proprietors’ Association of Nigeria (NPAN), the Nigerian Guild of Editors (NGE), the Nigeria Union of Journalists (NUJ), the Broadcasting Organisations of Nigeria (BON), and the Guild of Corporate Online Publishers (GOCOP).

NPO said that big tech companies have lacked transparency and accountability in their activities for years, posing serious consequences for journalism as a public-interest good in Nigeria.

“When a delegation of the NPO met President Tinubu in March to formally complain about the existential threat posed to the media by Big Tech and AI companies operating in Nigeria, we did so with very serious concern.

“We are therefore pleased that the government has commenced this investigation. Beyond the clear and present danger posed by Big Tech’s anti-competitive behaviour, their lack of transparency and accountability also carries very serious consequences for journalism as a public-interest good,” NPO said.

READ ALSO: Court upholds FCCPC’s powers to investigate Air Peace over ticket pricing complaints

It complained that the sustainability of Nigeria’s vibrant media ecosystem has been severely threatened for years by the unfair market practices of dominant digital platforms, including Meta, Alphabet, X (formerly Twitter), and various generative AI companies.

“These tech giants have consistently undermined fair competition and the commercial viability of local media by exploiting original journalistic content without equitable compensation,” the press body stated.

NPO added that the move to investigate the tech giants marks the first major step in holding them accountable, citing similar progress recorded in South Africa.

It also welcomed the assurance by the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, following the request by the Minister of Information and National Orientation, Mr Mohammed Idris, for an independent, transparent, and evidence-based inquiry.


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Nigeria’s oil output rises 0.4% in August

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Nigeria’s crude oil and condensate production rose by 0.4 per cent to 1,677,777 barrels per day (bpd) in August 2026.

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its crude oil and condensate statistics report released on Sunday.

The commission said crude oil production, excluding condensate, averaged 1,500,190 bpd during the month under review.

It added that Nigeria met its Organisation of Petroleum Exporting Countries (OPEC) crude oil quota for the fourth consecutive month.

According to the report, combined crude oil and condensate production fluctuated between a daily low of 1.64 million barrels and a high of 1.71 million barrels.

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The report showed that Bonny Terminal recorded the highest average production at 320.04 thousand barrels per day (kbpd).

Forcados Terminal followed closely, recording an average daily production of 317.40 kbpd during the month.

“Qua Iboe Terminal recorded an average production of 171.72kbpd of crude oil and condensates,” the report said.

It added that Escravos Oil Terminal recorded a daily average production of 131.71 kbpd during the period.

Bonga ranked fifth among the highest-producing terminals, with an average output of 92.50 kbpd of crude oil.

Factors behind the increase in production

Nigeria’s oil output rises 0.4% in August
Nigeria’s oil output rises 0.4% in August

The NUPRC attributed the modest increase in August production largely to the resolution of operational challenges involving the Single Buoy Mooring (SBM) at the Erha field.

The commission said the challenges had adversely affected production performance in the preceding month.

It explained that restoring normal evacuation and production operations at the Erha field contributed positively to overall production volumes in August.

“Production activities across most other producing assets remained relatively stable,” the report said.

It said operators continued implementing measures to optimise production efficiency, maintain asset integrity and minimise operational disruptions.

The commission added that routine production and crude evacuation operations were generally sustained across the industry during the period.

“These supported the observed improvement in output,” it said.

The report described the August increase as modest but said it reflected continuing industry efforts to address operational bottlenecks.

It said stakeholders were also working to restore affected production capacity and support sustained growth in the coming months.

The commission said operators remained focused on improving asset reliability and operational resilience across Nigeria’s upstream petroleum sector.

READ ALSO: Akwa Ibom communities demand action on abandoned oil wells

It added that intervention programmes were being advanced to strengthen production performance and reduce disruptions.

The August performance, according to the NUPRC, underscored the importance of resolving operational constraints promptly.

It also highlighted the need for effective asset management and continued collaboration among industry stakeholders.

Such measures, the commission said, remained critical to safeguarding and improving Nigeria’s crude oil production capacity.

(NAN)


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Cornerstone Insurance Unveils “Cornerstone 3.0” Transformation Agenda at 2026 Brokers’ Business Lunch

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Cornerstone Insurance PLC has unveiled key elements of its transformation agenda, “Cornerstone 3.0,” aimed at strengthening its operations, enhancing customer experience and positioning the company for sustainable growth.

The agenda was a major focus at the company’s 2026 Brokers’ Business Lunch, recently held at the Metropolitan Club, Lagos, with brokers, stakeholders and members of Cornerstone’s management team.

The gathering provided an opportunity to share the company’s broader strategic direction with the market, backed by the support of its majority shareholder, Chapel Hill Denham. The partnership with Chapel Hill Denham forms part of Cornerstone’s broader growth and transformation journey, as the company strengthens its business, enhances its market position and prepares for its next phase of growth.

The event was led by Stephen Alangbo, Managing Director/CEO, Cornerstone Insurance PLC; Kola Adekoya, Acting Managing Director, FIN Insurance Company LTD and Abdur Rasheed Babalola, Managing Director, Hilal Takaful Insurance.

Speaking at the event, Mr. Alangbo, outlined Cornerstone’s vision for its next phase of growth, highlighting the significant changes taking place across the business. At the heart of this journey is Cornerstone 3.0, a transformation programme focused on building a more agile, technology-driven and customer-centric insurance business. A key component of the transformation is the planned restructuring into Cornerstone Life and Cornerstone General, alongside the continued development of Hilal Takaful Insurance to expand the company’s Takaful offerings, subject to final approval by NAICOM.

Technology also remains a key component of the agenda, with the evolution of CiCi, Cornerstone’s AI-powered customer service platform, including its voicebot capability, aimed at making services such as enquiries, complaints, claims, policy renewals and insurance purchases more accessible.

Mr. Alangbo further reaffirmed their commitment to fast and efficient claims processing, recognising responsive claims service as central to delivering value and building customer trust.

The Brokers’ Lunch also provided an opportunity for Cornerstone to engage directly with the brokers, receive feedback and identify areas for improved collaboration. Stephen Alangbo acknowledged brokers as key drivers of the business and encouraged them to continue to consider Cornerstone as a first-choice partner for their clients’ corporate, individual and Takaful insurance needs.

The engagement reflects Cornerstone’s commitment to working closely with its broker network, as it advances its transformation agenda and builds a more agile, innovative and customer-focused insurance business.

The post Cornerstone Insurance Unveils “Cornerstone 3.0” Transformation Agenda at 2026 Brokers’ Business Lunch appeared first on Business Today NG.

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