Investogist
No Result
View All Result
Wednesday, October 14, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    FG refunds Nassarawa, Kebbi 24BN for airports

    Full List of Tinubu’s Presidential Campaign Council as Soludo, Wike, Adeleke Join

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    President Bola Tinubu names Military Barrack after self in Abuja

    President Tinubu Declares Three-Day National Mourning for Air Force Personnel Killed in Ondo Plane Cras

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    Military Plane With 32 Aboard Crashes in Ondo State

    Military Plane With 32 Aboard Crashes in Ondo State

    WAEC Appoints Suleiman Kum as Head of Nigeria National Office

    WAEC Appoints Suleiman Kum as Head of Nigeria National Office

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court restricts Osun govt bank accounts over $13.9m arbitration award

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

    SpaceX launches Dragon cargo mission to ISS

    SpaceX launches Dragon cargo mission to ISS

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery Extends IPO Deadline to Oct 27

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote Refinery IPO Enters Final Week as ₦525 Offer Closes October 13

    Etihad, Ibom Air Sign Deal to Connect Five Nigerian Cities on a Single Ticket

    Etihad, Ibom Air Sign Deal to Connect Five Nigerian Cities on a Single Ticket

    VFD Group Plc gives notification of the meeting of the Board of Directors

    VFD Group appoints Mrs Emezie-Ezigbo as Deputy Managing Director

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    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

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

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • 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
    FG refunds Nassarawa, Kebbi 24BN for airports

    Full List of Tinubu’s Presidential Campaign Council as Soludo, Wike, Adeleke Join

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    President Bola Tinubu names Military Barrack after self in Abuja

    President Tinubu Declares Three-Day National Mourning for Air Force Personnel Killed in Ondo Plane Cras

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    Military Plane With 32 Aboard Crashes in Ondo State

    Military Plane With 32 Aboard Crashes in Ondo State

    WAEC Appoints Suleiman Kum as Head of Nigeria National Office

    WAEC Appoints Suleiman Kum as Head of Nigeria National Office

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court restricts Osun govt bank accounts over $13.9m arbitration award

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

    SpaceX launches Dragon cargo mission to ISS

    SpaceX launches Dragon cargo mission to ISS

    Dangote Refinery Extends IPO Deadline to Oct 27

    Dangote Refinery Extends IPO Deadline to Oct 27

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote Refinery IPO Enters Final Week as ₦525 Offer Closes October 13

    Etihad, Ibom Air Sign Deal to Connect Five Nigerian Cities on a Single Ticket

    Etihad, Ibom Air Sign Deal to Connect Five Nigerian Cities on a Single Ticket

    VFD Group Plc gives notification of the meeting of the Board of Directors

    VFD Group appoints Mrs Emezie-Ezigbo as Deputy Managing Director

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    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

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

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • 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 Business

TikTok owner to suffer $6 billion loss from India Apps ban

59 Chinese apps including the popular video sharing app TikTok were banned in India

Thursday, 2 July 2020, 6:50 pm
in Business, Companies
0
TikTok owner to suffer $6 billion loss from India Apps ban
Share Share Share Share Send as Email

Following the weeks-long territorial dispute on the China-India shared border in the Himalayas, which resulted in the death of 20 Indians troops, there have been calls for the boycott of Chinese goods and Apps in the country.

China gave no details on whether there were any Chinese casualties. But now China is quickly finding out the cost of clashing with one of its major trading partners.

On Monday, 59 Chinese apps including the popular video sharing app TikTok were banned in India by the government. Others include WeChat, Weibo, Clean Master – Cheetah mobile, Cam Scanner etc.

The government in Delhi said the apps were “prejudicial to sovereignty and integrity of India, defence of India, security of state and public order”

TikTok has been taken down from Apple App store and also Google Play store. Although, users who have already downloaded TikTok app can still use the it, but officially the platform is now banned in the country.

India is TikTok’s largest market outside China. TikTok has over 120 million active users in India.

According to local Chinese media, Caixin Global an insider at TikTok parent company, Chinese tech unicorn ByteDance Ltd said the ban could come with a heavy price tag as 3 of its apps were banned in India.

The cost of the ban for the company could amount to “more than $6 billion in lost revenue.” This is greater than the sum of all the losses suffered by the other 58 banned apps combined.

  • Have you read?
  • India Challenges China with $6.6 billion Incentive to Companies 
  • The Presidency declines to say whether China will take Possession of Assets in the Event of Default

TikTok’s parent company, ByteDance, told the BBC, it is “committed to working with the Indian government to demonstrate our dedication to user security and our commitment to the country overall.”

Another banned Chinese app in India is feeling a reputational pinch, after losing one of its high profile users following the ban – the Indian Prime Minister Narendra Modi.

Modi has cancelled his official account on Weibo, the Chinese equivalent of Twitter according to Caixin Global.

On Thursday, Modi’s profile picture and 115 posts under the ‘Prime Minister Modi’ VIP account were removed, with the account since deleted at the request of the Indian Embassy in Beijing.

As reported by Caixin Global, “113 posts were deleted manually, while the request for the account to be deleted was being processed by Sina Weibo.

“Prior to the account’s deletion, two images remained on the page, photos of Modi with China’s President Xi, which the Indian side said they could not remove without authorization.”

  • Read more
  • How much the world invested in renewable energy in 2019
  • National Assembly suspends 774,000 recruitment exercise for Nigerians

This isn’t the first time Chinese apps have been banned in India. In 2017, Alibaba’s UC Browser came under scrutiny for allegedly leaking mobile data of Indian users. And that year, India’s defence ministry asked all armed personnel and officers to uninstall 42 Chinese apps it classified as “spyware”, according to media reports.

Written by;

Ifunanya Ikueze

Related Posts:

  • China App Ban
    India Bans Alibaba’s Taobao, Ant’s Alipay with over…
  • Arrow down Year performance
    Nigerian stock market daily report: Dangote Sugar…
  • donald trump
    President Trump issues ban on Chinese TikTok and Wechat
  • TikTok.jpg
    The US will ban TikTok and WeChat app downloads from…
Tags: India App banTikTok
Previous Post

Covid-19 Vaccine Trial by Pfizer show signs of hope

Next Post

BH June 2020 Rig Count: Worldwide count drop by 103

Next Post
Baker Hughes Rig Count for May: Worldwide Rigs Drop by 338

BH June 2020 Rig Count: Worldwide count drop by 103

Please login to join discussion
  • Trending
  • Comments
  • Latest
Shell Confirms Ongoing Exit from South Africa

Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

Dangote Refinery Extends IPO Deadline to Oct 27

Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

Resolutions approved at PZ Cussons Nigeria Plc’s 72nd AGM

PZ Cussons Nigeria Plc to pay over N4 billion final dividend for 2021/2022 FY

SpaceX launches Dragon cargo mission to ISS

SpaceX launches Dragon cargo mission to ISS

FG refunds Nassarawa, Kebbi 24BN for airports

Full List of Tinubu’s Presidential Campaign Council as Soludo, Wike, Adeleke Join

DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

Shell Confirms Ongoing Exit from South Africa

Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

Dangote Refinery Extends IPO Deadline to Oct 27

Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

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

Copyright © 2026 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
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • 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