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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

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    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

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    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Commences Share Buyback Programme of Up to $110 Million

    Fubara, Cole Withdraws from APC Governorship Primaries

    Fubara, Cole Withdraws from APC Governorship Primaries

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    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

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    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

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    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

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    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

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    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Tony Elumelu to chair Seplat Energy as the company names Effiong Okon CEO

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Amazon Leo seeks Kenya licence for first African satellite gateway

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    Guinea Insurance Pays ₦1.5 Billion Statutory Deposit to CBN, Meets NIIRA Deadline

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

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    Nestlé Nigeria Publishes List of Unclaimed Dividends

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    NGX Delists DN Tyre, Greif Nigeria from Official List

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    Dangote Refinery Faces Competition as Ardova, Ibeto Cut Prices

    Honeywell Flour Reports 12% Profit Growth in FY 2026, Recommends ₦0.20 Kobo Dividend

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    Tinubu to deploy 1,000 forest guards, special rescue team to Ogbomosho

    Tinubu to deploy 1,000 forest guards, special rescue team to Ogbomosho

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Commences Share Buyback Programme of Up to $110 Million

    Fubara, Cole Withdraws from APC Governorship Primaries

    Fubara, Cole Withdraws from APC Governorship Primaries

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    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

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    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Tony Elumelu to chair Seplat Energy as the company names Effiong Okon CEO

    Tony Elumelu to chair Seplat Energy as the company names Effiong Okon CEO

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    FCMB Group Proposes N0.35 Final Dividend for FY 2025

    FCMB Group Q1 2026 profit jumps 137% to ₦76.5bn

    FCMB Group Q1 2026 profit jumps 137% to ₦76.5bn

    CIG Motors partners with FCMB, offers up to N70m car loan to Nigerians

    FCMB Group’s Profit After Tax More Than Doubles to ₦177.27bn in 2025 FY

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    Guinea Insurance Pays ₦1.5 Billion Statutory Deposit to CBN, Meets NIIRA Deadline

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

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    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

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    Security features of the new naira notes revealed by the CBN

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BREAKING: NBC revokes licences of Silverbird, AIT, Raypower, Rhythm FM, others

Friday, 19 August 2022, 1:20 pm
in News, Nigeria
0
Breaking: Facebook, WhatsApp, Instagram back online
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The National Broadcasting Commission (NBC) on Friday said it has revoked the broadcast licences of 52 stations including Silverbird TV, AIT, Raypower FM, and Rhythm FM amongst others.

The licences of the media houses were revoked over their failure to renew their broadcast licences amounting to N2.66 billion.

A statement by NBC on Friday noted that a two-week waiver was given to them in May to do so after which they risked the revocation of their broadcast licences. However, the payments have not been made 3 months after.

The commission gave the affected media houses “24 hours to shut down their operations.”

Read more: Full list of stations whose licences were revoked by NBC

NBC said, “some licensees are yet to pay their outstanding debts, in contravention of the National Broadcasting Commission Act CAP N11, Laws of the Federation of Nigeria, 2004, particularly section 10(a) of the third schedule of the Act.

“Therefore, after due consideration, NBC hereby announces the revocation of the licenses of the…stations and gives them 24 hours to shut down their operations. Our offices nationwide are hereby directed to collaborate with security agencies to ensure immediate compliance.”

NBC said the continued operation of the “debtor stations is illegal and constitutes a threat to national security”.

It called on other broadcast stations yet to renew their licences for the present duration to do so within the next 30 days to avoid sanctions.

“The Commission also calls on all IPTV (Internet Protocol Television) and all other broadcast stations that are streaming online to register with the Commission to avoid disconnection,” it added.

“Broadcasters should note that having a DTT or FM license does not warrant a broadcaster to stream online; they are two different licences.”

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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