• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Economy

NBC eyes N328.9 million from fines in 2024 despite restraining court order 

Sami Tunji by Sami Tunji
January 9, 2024
in Economy, Public Debt
2023: NBC warns broadcasters” shall pay” for glamorizing political derogatory statements
Share on FacebookShare on TwitterShare on Linkedin

The National Broadcasting Commission (NBC) plans to earn N328.9 million from fines and levies despite a court order restraining the commission from imposing fines on broadcast stations. 

This target is contained in the 2024 Government-Owned Entities’ (GOEs) budget proposal, which was seen by Nairametrics.  

The fines only make up about 3% of the commission’s target revenue for 2024, estimated to be N8.27 billion. The commission plans to generate N7.18 billion of its total revenue and get N1.09 billion from the government.  

MoreStories

Tax Reform Committee denies Oyedele admitted errors in new tax laws

FG refutes claims of hidden spending in World Bank report 

April 19, 2026
Nigeria attracts $6.44 billion capital inflow in Q4 2025, up 26.6% – NBS

FG borrows N100 billion from “Unclaimed Funds Trust Account” in 2025

April 19, 2026

Its biggest sources of revenue include licence fees (N4.93 billion) and licence percentage of income (N1.91 billion).  

 

More Insights 

  • The Media Rights Agenda (MRA) sued NBC after it fined Channels, TVC, AIT, and 42 others N500,000 each on March 1, 2019, for allegedly violating the Nigerian broadcasting code. 
  • MRA determined that the commission’s actions breached the right to a fair hearing under Section 36 of the 1999 Constitution (as amended) and Article 7 of the African Charter on Human and Peoples Rights (ratification and Enforcement) Act. 
  • On May 10, Justice James Omotosho issued an order of perpetual injunction prohibiting NBC from imposing fines on broadcast stations. 
  • The judge also set aside the N500,000 fines levied by the commission on March 1, 2019, on each of the 45 broadcast stations accused of violating its rules. 
  • Following the delivery of the judgment, NBC further asked the court to set aside the judgment, claiming that it was rendered per incuriam and without jurisdiction. 
  • However, in November 2023, a Federal High Court in Abuja refused the National Broadcasting Commission’s motion for an injunction to set aside its judgement prohibiting the commission from imposing fines on broadcast stations in the country. 
  • Despite the restraining order, the commission hopes to achieve its third-highest revenue figure from fines this year. 

Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: NBC
Sami Tunji

Sami Tunji

Sami Tunji is a writer, financial analyst, researcher, and literary enthusiast. Aside from having expertise in various forms of writing (creative, research, and business writing), he is passionate about socio-economic research, financial literacy, and human development. Currently, he is a financial analyst at Nairametrics and an African Liberty Writing Fellow 2023/2024.

Next Post
What you need to know about MiCA – First ever crypto regulation

Global crackdown on illicit money cost Crypto and Fintech groups $5.8 billion in fines

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics




DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics