Investogist
No Result
View All Result
Saturday, November 8, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    Nnamdi Kanu’s trial: Justice Binta Nyako to recuse herself

    Mazi Nnamdi Kanu’s trial – Court fixes date for judgement

    Thomas Wyatt Nigeria PLC Delays Filing of 2025 Financial Statements

    Thomas Wyatt Nigeria PLC Delays Filing of 2025 Financial Statements

    Nissan Motors sells Yokohama Headquarters for $630 million

    Nissan Motors sells Yokohama Headquarters for $630 million

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FULL LIST: FG releases 50 tax exemptions, reliefs for businesses and individuals from 2026

    Terrorists Threatens to Bomb National Assembly – Reps Panel

    Terrorists Threatens to Bomb National Assembly – Reps Panel

    Police Seal Nestoil HQ in Lagos as First Bank Seizes Assets Over $1B Debt Default

    Police Seal Nestoil HQ in Lagos as First Bank Seizes Assets Over $1B Debt Default

    Paul Biya wins the Eighth Term election. Extending his 43-Year Rule in Cameroon

    Paul Biya wins the Eighth Term election. Extending his 43-Year Rule in Cameroon

    Kanu says entering a defense is pointless, “no valid charges against me”

    Kanu says entering a defense is pointless, “no valid charges against me”

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    FIRS Collects ₦47.39 Trillion in Tax Revenue, Exceeds Target by 15%

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Cutix Plc founder sells additional 1.8 million shares of the company

    The Initiates Plc’s Board Chairman sells company shares

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    United States scraps visa dropbox service for Nigerian applicants

    Trump to Slash Wegovy/Zepbound Weight-Loss Drugs from $1,300 to $149 on Thursday

    BUA Foods Plc reports N418.3 billion revenue for 2022 FY

    BUA Foods doubles profit after tax to N405 billion in nine months 2025

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    Access Holdings Reports N3.9 trillion Gross Earnings for Nine Months 2025

    Seplat Energy Plc to pay US$0.025 (N10.38) final dividend for 2021 financial year

    Seplat Energy Plc announces interim and special dividend for Q3 2025

    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria announces interim dividend of ₦5.00 for Q3 2025

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond offer opens with up to 14.565% annual interest

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Thomas Wyatt Shares Over Unfiled Financial Statements

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Eight-Year Suspension on Aso Savings & Loans, Stock Price Soars

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Presco Plc Declares ₦10 Interim Dividend for Q3 2025

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Nnamdi Kanu’s trial: Justice Binta Nyako to recuse herself

    Mazi Nnamdi Kanu’s trial – Court fixes date for judgement

    Thomas Wyatt Nigeria PLC Delays Filing of 2025 Financial Statements

    Thomas Wyatt Nigeria PLC Delays Filing of 2025 Financial Statements

    Nissan Motors sells Yokohama Headquarters for $630 million

    Nissan Motors sells Yokohama Headquarters for $630 million

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FULL LIST: FG releases 50 tax exemptions, reliefs for businesses and individuals from 2026

    Terrorists Threatens to Bomb National Assembly – Reps Panel

    Terrorists Threatens to Bomb National Assembly – Reps Panel

    Police Seal Nestoil HQ in Lagos as First Bank Seizes Assets Over $1B Debt Default

    Police Seal Nestoil HQ in Lagos as First Bank Seizes Assets Over $1B Debt Default

    Paul Biya wins the Eighth Term election. Extending his 43-Year Rule in Cameroon

    Paul Biya wins the Eighth Term election. Extending his 43-Year Rule in Cameroon

    Kanu says entering a defense is pointless, “no valid charges against me”

    Kanu says entering a defense is pointless, “no valid charges against me”

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    FIRS Collects ₦47.39 Trillion in Tax Revenue, Exceeds Target by 15%

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Cutix Plc founder sells additional 1.8 million shares of the company

    The Initiates Plc’s Board Chairman sells company shares

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    United States scraps visa dropbox service for Nigerian applicants

    Trump to Slash Wegovy/Zepbound Weight-Loss Drugs from $1,300 to $149 on Thursday

    BUA Foods Plc reports N418.3 billion revenue for 2022 FY

    BUA Foods doubles profit after tax to N405 billion in nine months 2025

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    Access Holdings Reports N3.9 trillion Gross Earnings for Nine Months 2025

    Seplat Energy Plc to pay US$0.025 (N10.38) final dividend for 2021 financial year

    Seplat Energy Plc announces interim and special dividend for Q3 2025

    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria announces interim dividend of ₦5.00 for Q3 2025

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond offer opens with up to 14.565% annual interest

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Thomas Wyatt Shares Over Unfiled Financial Statements

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Eight-Year Suspension on Aso Savings & Loans, Stock Price Soars

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Presco Plc Declares ₦10 Interim Dividend for Q3 2025

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

TikTok CEO quits amid battle with Washington

Thursday, 27 August 2020, 2:11 pm
in News, World
0
TikTok owner to suffer $6 billion loss from India Apps ban
Share Share Share Share Send as Email

As TikTok battle with Washington continues, its Chief Executive Officer Kevin Mayer, has quit just months after his appointment, amid a “sharply changed” political environment after Donald Trump accused the platform of threatening national security.

Mayer said the scope of his role as the head of the video-sharing platform was more than he could manage.

His decision to leave the company comes days after TikTok filed suit against the Trump administration over an executive order that prevents the video-sharing app from making business transactions in the United States.

The former Disney executive would be replaced in the interim by Vanessa Pappas, the general manager.

In a letter to staff, parts of which have been seen by Investogist, Mayer said he had decided to leave after Trump ordered TikTok’s parent company, ByteDance, to sell its US assets to a US company within 90 days

“In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” the letter said.

“Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company.”

The Financial Times quoted an excerpt from the letter that said: “I understand that the role that I signed up for – including running TikTok globally – will look very different as a result of the US administration’s action to push for a sell off of the US business.”

Read also; Just in – Akinwumi Adesina re-elected AfDB President

TikTok said in a statement it thanked Mayer for his time and wished him well. “We appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin’s role would be going forward, and fully respect his decision,” it said.

ByteDance, which owns TikTok, said in a statement that it hopes to quickly resolve the business hurdles that it faces in the US according to The Guardian.

US tech companies including Microsoft, Twitter and Oracle, have expressed interest or announced talks with ByteDance to acquire some of TikTok’s operations outside China.

TikTok’s Chinese ownership has raised concern about the potential for sharing user data with Chinese officials as well as censorship of videos critical of the Chinese Communist Party government. TikTok says it does not censor videos and it would not give the Chinese government access to US user data.

In early August Trump threatened to ban TikTok on the basis of national security concerns.

Trump later issued a pair of executive orders banning US transactions  with the Chinese companies ByteDance that owns TikTok, and Tencent which owns WeChat, saying the US must take “aggressive action” in the interest of national security. TikTok is suing the US government over the executive orders

Written by;

Ifunanya Ikueze

Related Posts:

  • Hydroxychloroquine 1
    Coronavirus Update - WHO Quits Hydroxychloroquine…
  • Nicola Sturgeon ‘
    JUST IN: Scottish first minister, Nichola Sturgeon quits
  • Chimaroke Nnamani
    Chimaroke Nnamani quits PDP after losing to Labour Party
  • Doyin Peter Obi
    Former Obi-Datti Presidential Campaign…
Previous Post

Just in – Akinwumi Adesina re-elected AfDB President

Next Post

Listing of the Federal Government of Nigeria’s 9.80% FGN JUL 2045 Bonds

Next Post
Listing of the Federal Government of Nigeria’s 9.80% FGN JUL 2045 Bonds

Listing of the Federal Government of Nigeria’s 9.80% FGN JUL 2045 Bonds

Please login to join discussion
  • Trending
  • Comments
  • Latest
Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Wema Bank Plc rights issue opens for subscription

Wema Bank Plc lists 4.5 billion new shares offered through private placement

The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

Cutix Plc founder sells additional 1.8 million shares of the company

The Initiates Plc’s Board Chairman sells company shares

Nnamdi Kanu’s trial: Justice Binta Nyako to recuse herself

Mazi Nnamdi Kanu’s trial – Court fixes date for judgement

Wema Bank Plc rights issue opens for subscription

Wema Bank Plc lists 4.5 billion new shares offered through private placement

Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved