The Nigerian Communications Commission (NCC) is indeed taking action against Starlink for unilaterally hiking its subscription prices in Nigeria without getting the green light from regulators.

This move has sent shockwaves through the telecommunications industry, and it’s clear the NCC isn’t happy about it.

Ekwutosblog reports that Starlink filed a request with the NCC seeking approval for a price adjustment, but surprisingly announced the changes before getting the nod.

This didn’t sit well with the commission, which now plans to sanction the satellite internet service provider.

It’s worth noting that Starlink has been making waves in Nigeria, emerging as the country’s third-largest Internet Service Provider (ISP) with an impressive 113% surge in active customers .

However, this latest development may put a damper on their growth plans.

The NCC’s stance on this issue highlights the importance of regulatory compliance in Nigeria’s telecom sector. It’ll be interesting to see how Starlink responds to the sanctions and whether they’ll revisit their pricing strategy. Stay tuned for updates

Mark Zuckerberg has officially become the world’s second-richest person, surpassing Jeff Bezos, thanks to Meta’s impressive growth this year.

His net worth has skyrocketed to $206.2 billion, leaving Bezos trailing behind at $205 billion.

This significant leap is largely attributed to Meta’s 23% stock surge in the second quarter, driven by the company’s strategic push into AI and AR technologies.

As the CEO of Meta, Zuckerberg’s 13% stake in the company has greatly contributed to his wealth growth. In fact, his net worth has increased by a staggering $78 billion this year alone.

This remarkable achievement has propelled him four spots up the Bloomberg Billionaires Index.

Here’s a snapshot of the top 10 richest people in the world:

•⁠ ⁠1. Elon Musk: $256 billion
•⁠ ⁠2. Mark Zuckerberg: $206 billion
•⁠ ⁠3. Jeff Bezos: $205 billion
•⁠ ⁠4. Bernard Arnault: $193 billion
•⁠ ⁠5. Larry Ellison: $179 billion
•⁠ ⁠6. Bill Gates: $161 billion
•⁠ ⁠7. Larry Page: $150 billion
•⁠ ⁠8. Steve Ballmer: $145 billion
•⁠ ⁠9. Warren Buffett: $143 billion
•⁠ ⁠10. Sergey Brin: $141 billion

Zuckerberg’s success is a testament to Meta’s innovative efforts in AI and AR, which have yielded impressive results and boosted investor confidence

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