The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The government announced that this was in line with the recommendations of a committee, the Presidential Review Committee on Excise Duty in the Digital Economy Sector, which was constituted to review the[Read More…]
Author: Godwin Anyebe
Consumers Value Award Announces Date for Voting
Consumers Value Broadcasting conveners of the Consumers Value Award have announced that the closing date for the online voting for brands of repute; and influence is 30th June 2022. The online voting portal opened on 1st May 2022 and will close on 30th June 2022, making it exactly three months[Read More…]
Naira, Fuel Scarcity: 24.8m Nigerians Projected to Face Hardship- Report
No fewer than 28.4 million Nigerians in 26 states and the Federal Capital Territory, including 18,000 Internally Displaced Persons, are projected to face severe crisis between June and August this year due to the scarcity of fuel and naira, the latest report by Cadre Harmonise, stated. In the March 2023[Read More…]
Coast Milk: How a promising brand is failing to meet with consumers’ expectations
In this report, Godwin Anyebe, Amechi Obiakpu and Adetunji Faleye, all of MediaConsortium, a leading brand, business and Marketing publication in Nigeria and sub-sahara Africa examine the obscurity of Coast milk in the market and how it can be brought back to its glory days. Over the years, milk has[Read More…]
Petrol Ex-Depot Price Hits N237/ltr in Q3 – Report
The Major Oil Marketers Association of Nigeria recent findings have shown that the ex-depot price of the commodity has risen to N237 from N148 per litre in the third quarter of 2022. The market update report, ‘Industry Data Sheet’ prepared by the Association, revealed that as of March 3, petrol[Read More…]
CBN Charges African Regulators to Avoid Bank Failure
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has called on the governors of Central Banks and other African financial sector regulators to be more vigilant in their regulatory and supervisory roles to forestall any run on banks in their respective jurisdictions. A statement from CBN said,[Read More…]
Telcos Not Responsible for Failed Bank Transactions, Says NCC
The Nigerian Communications Commission has disclosed that the country’s telecommunication networks can absorb the surge in the demand for cashless transactions that have been recorded since late 2022. The Executive Vice Chairman, NCC, Prof. Umar Danbatta, disclosed this during an event to commemorate the ‘2023 World Consumer Rights Day’ in[Read More…]
World Consumer Rights Day 2023: History, significance
World Consumer Rights Day is celebrated on March 15 every year with an aim to raise global awareness about consumer rights and promote consumer protection. The day is also commemorated to be aware about the market injustices across the world. It is an annual event that celebrates solidarity within the[Read More…]
Omojafor, Eiremiokhae, Babaeko, other set to be honoured at ‘The Industry Awards4.0’
The management of The Industry Newspaper organisers of ‘The Industry Summit/Awards’ has stated that some distinguished marketing communications professionals in the country would be conferred with some highest awards in this year’s event scheduled to be held on Friday, March 31st, 2023 in Lagos. The year’s award is looking at[Read More…]
We Didn’t Direct Banks To Disburse Old Notes – CBN
The Central Bank of Nigeria (CBN) Tuesday said it has not issued a fresh directive to commercial banks on last Friday’s judgment of the Supreme Court ordering the circulation of the old naira notes alongside the new ones until December 31. A seven-member panel of justices presided over by Justice[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]