Apple fined by EU for breaking streaming rules

03/04/2024 10

Apple has been fined 1.8 billion pounds by the EU for breaking competition laws over music streaming.
Competition commissioner Margrethe Vestager said Apple abused its dominant position in the market for a decade.
The European Commission’s decision was triggered by a complaint by Swedish music streaming service Spotify, which was unhappy about the restriction and Apple’s 30% fee.

Written by: bossgmsi

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Market participants overbuy CBN N1 trillion OMO Bills

The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of 680 million dollars in short-term instruments. A statement issued on Sunday night by CBN’s Acting Director, Corporate Communications Department, Hakama Sidi-Ali, stated that the sale was part of its liquidity management exercise. Sidi said that the apex bank’s N500 billion-offer at the Open Market Operations (OMO) auction was oversubscribed after selling 1.053 […]

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