Starlink: NCC Did Not Issue Approval for Subscription Review

The Nigerian Communications Commission (NCC) says the review of subscription by Starlink was done without its approval.

In a statement by Dr. Reuben Muoka, Director of Public Affairs, the NCC stated:

The decision by Starlink to unilaterally review their subscription packages upwards, did not receive the approval of the Nigerian Communications Commission.

The action of the company is in contravention of Sections 108 and 111 of the Nigerian Communications Act, 2003, and Starlink’s License Conditions regarding tariffs.

The Commission commenced pre-enforcement action on the licensee on the 3rd of October, 2024.

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Case Study: The Collapse of Lehman Brothers

Overview On September 15, 2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman's bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide. Lehman's demise also made it the largest victim, of the U.S. subprime mortgage-induced financial crisis that swept through global financial markets in 2008. Click here to make a lazy tweet