Meta Faces Potential Exit from Nigeria Over $290M Fine

Meta, formerly known as Facebook, is at risk of exiting Nigeria as it battles a $290 million fine imposed by three Nigerian regulatory agencies. The Federal High Court in Abuja upheld the penalties, giving Meta until June 30 to comply or face potential shutdown, affecting millions of users and small businesses.

The fines stem from violations of Nigeria's competition, consumer protection, advertising regulations, and data protection laws. The Nigerian authorities accuse Meta of anti-competitive practices, unauthorized ads, and privacy violations.

The standoff could disrupt digital access and deter foreign tech investment in Nigeria.