On Monday, former US President Donald Trump revealed that Microsoft is in talks to acquire TikTok, as the app’s future in the United States remains uncertain.

TikTok has been under pressure due to a US law requiring the app to separate from its Chinese parent company, ByteDance, or face a potential ban in the country. Trump was asked by reporters if Microsoft was in negotiations to buy the popular app, to which he confirmed, saying, “I would say yes.”

He also noted that there is significant interest in TikTok, adding, “There’s great interest in TikTok.” Trump suggested that a bidding war for the app could also be a positive development.

Dangote Refinery has explained that the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, is a direct result of a sharp increase in global crude oil prices.

In a statement released on Sunday, the refinery emphasized that fluctuations in international oil prices inevitably affect the cost of finished products like petrol. This week, Dangote raised the depot price of petrol by 5%, bringing it from N899.50 to N950 per litre.

Despite this increase, Dangote pointed out that the 5% rise is much lower than the 15% hike seen in global crude oil prices.

Over a short period, Brent Crude has jumped from $70 to $82 per barrel, while Nigerian crude has an additional premium of about $3 per barrel in international markets.

Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, has assured the public that telecom operators will not be allowed to raise tariffs by 100 percent, despite their ongoing calls for increases.

In a recent interview on Channels Television’s Politics Today, Tijani addressed the telecom companies’ request for higher tariffs, which they attribute to rising operational costs, inflation, and the devaluation of the naira.

While acknowledging the need for a tariff hike, Tijani emphasized that any increase should be manageable for the people.

“I think it should not exceed 30 to 60 percent,” he stated.

“We are not going to approve a 100 percent increase,” Tijani clarified. “The companies are asking for it, believing it is what they need to stabilize. But as a government, we must ensure the growth of the sector does not come at the expense of the people.”

He also mentioned that the Nigerian Communications Commission (NCC) is still evaluating the tariff increase, working carefully to balance the needs of the telecom sector with the economic impact on Nigerians.

According to Tijani, this will involve closely examining the figures and considering how the increase might affect consumers while ensuring the sustainability of the telecom industry.