Business
U.S Tiktok Users Explores Other Options As Tiktok Might Be Banned Soon

As of January 14, 2025, TikTok, the popular video-sharing app owned by China’s ByteDance, is facing a potential ban in the United States due to national security concerns.
The U.S. Supreme Court appears inclined to uphold a law requiring ByteDance to divest its U.S. operations by January 19, 2025, or face a ban.
Legislative Actions and Deadlines
The Protecting Americans from Foreign Adversary Controlled Applications Act mandates that ByteDance must sell TikTok’s U.S. assets by January 19.
Failure to comply would result in a prohibition of the app in the U.S. Two Democratic lawmakers, Senator Edward Markey and Representative Ro Khanna, have urged President Joe Biden to extend this deadline, showing concerns over free speech and the livelihoods of content creators.
Senator Markey has proposed legislation to extend the deadline by 270 days, emphasizing the potential disruption to TikTok’s cultural ecosystem and the millions who rely on the platform for social connections and income.
Potential Outcomes and Alternatives
If the ban proceeds, TikTok, which boasts 170 million American users, would become inaccessible. In anticipation, users are migrating to alternative platforms.
Notably, Xiaohongshu, known unofficially in English as “Red Note” or “the Chinese version of Instagram,” has become the most downloaded app in the U.S.
Despite its primarily Chinese interface, American users are joining the platform. Other platforms like Lemon8, another ByteDance app, are also experiencing increased downloads.
Corporate Negotiations and Speculations
In response to the impending ban, discussions have emerged about potential buyers for TikTok’s U.S. operations.
Chinese officials are reportedly considering allowing Elon Musk, known for his positive connections with China and ownership of the social media app X, to invest in or take over TikTok’s U.S. operations.
Implications for Users and the Tech Industry
A ban on TikTok would have significant implications for its users and the broader tech industry. Users would lose access to a platform integral to social interaction, entertainment, and commerce.
Competing platforms like Instagram’s Reels, YouTube Shorts, and Snapchat may benefit by attracting TikTok’s user base and advertisers.
As the January 19 deadline approaches, the future of TikTok in the U.S. remains uncertain. The outcome will depend on legislative decisions, potential corporate negotiations, and the broader geopolitical context.
Users and stakeholders are advised to stay informed about developments in this evolving situation.
Business
Dangote Refinery Reduces Petrol Price to N825 per Litre

Dangote Petroleum Refinery has lowered the price of Premium Motor Spirit (PMS), or petrol, to N825 per litre, down from N835, as competition heats up in Nigeria’s fuel market.
This follows last month’s price reduction, when the 650,000 barrels per day refinery dropped the price from N865 to N835. The recent price change is aimed at providing more value to customers while strengthening Dangote’s position as a leader in the domestic market.
Business
Skype Finally Shuts Down After 22 Years of Connecting People Online

Skype, once a go-to platform for video and voice calls, is officially shutting down today, May 5, marking the end of its 22-year journey connecting people around the globe. The app was one of the first to revolutionize online communication, offering free calls over the internet long before it became common.
During its prime in the mid-2010s, Skype boasted over 300 million active users each month. Microsoft bought Skype in 2011 for a massive $8.5 billion, planning to make it a key part of its communication tools. However, as newer apps like WhatsApp, Zoom, and even Microsoft’s own Teams grew in popularity, Skype slowly lost its place.
In February, Microsoft announced it would officially shut down Skype on May 5 to focus more on Teams, which now handles most of its communication services. This move affects both free and paid users, although Skype for Business will stick around for a little longer.
Business
United Bank Of Africa, UBA, Delivers 23% Total Dividend for 2024, CEO Promises More to Come

United Bank of Africa, UBA, pays 171 Billion in total to its shareholders for the 79 percent increase for 2024.
This information was revealed during the 63rd Annual General held on the 25th of April, 2025. The UBA shareholders approved of the 3 naira dividend share, which will com bine with 2 naira interim dividend and will represent a 23 percent total dividend for 2024 in total.
It can be noted that UBA now has the highest Nigerian stocks and the CEO, Oliver Alawuba has assured the shareholders of the dividends that will be paid.”What we can assure our shareholders today is that UBA will continue to pay more dividends.”
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