Access Bank Plc said it recently discovered a mistake in its operations records, whereby stamp duty charges on applicable transactions were not passed on to customers. The omissions occurred between February 1st, 2020, and April 30th, 2020. The tier-1 bank said it is deeply apologetic for this error. However, all[Read More…]
Author: Godwin Anyebe
CBN unveils plans for non-interest facility in ABP, others
The Central Bank of Nigeria (CBN) has unveiled plans to release a framework for integration of non-interest window in all its intervention programmes, particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF) to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic[Read More…]
Atiku Rises Concern Over FG Raising Debt
Nothing has shocked me in my entire life in public service as the revelation from Nigeria’s First Quarter 2020 financial reports in the Medium Term Expenditure Framework and Fiscal Strategy from the Federal Ministry of Finance, Budget, and National Planning, which shows, alarmingly, that whereas Nigeria spent a total sum[Read More…]
Between Social Distancing and Consumer Compliance
As federal government weigh plans to resume economic activity against the threat of furthering the spread of COVID-19, some states have forged ahead with reopening plans with a clause to holding firm with social distancing measures. In public health, social distancing, also called physical distancing, is a set of non-pharmaceutical[Read More…]
FirstBank Presents Devices to Lagos State Towards Driving 1 Million Students to e-learning
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider recently, presented 20,000 units of e-learning devices to the Lagos State government at the State House in Marina, Lagos. The devices are planned for distribution to school children. With the gesture, the Lagos State governor, Babajide Sanwo-Olu said the[Read More…]
Nigeria exported N32bn worth of electricity in 2019 — NERC
The Republics of Togo, Niger and Benin received a total invoice of N32.04bn for the electricity supplied to them from Nigeria in 2019, data from the Nigerian Electricity Regulatory Commission have shown. Nigeria, through some of its power plants, sell electricity to the neighbouring countries, which are classified as international[Read More…]
DPR Shuts Down Errant Filling Stations for Not Complying with New Petroleum Pump Price
The Department of Petroleum Resources is enforcing the new price range of N121.5 to N123.5/litre for petrol at filling stations across the country and has shut down errant outlets selling above the stipulated rate. It was gathered that all zonal operations controllers of the DPR agreed to inspect and enforce[Read More…]
Understanding The Place Of Customer Retention In An Economic Crisis
One of the major challenges of brand handlers during a pandemic is how to retain customers. As a matter of fact, report revealed that, brands need to accommodate customers and partners with uncertain or reduced incomes due to the COVID-19 pandemic or lose their business entirely. Fndings by CONSUMERS ASSEMBLY[Read More…]
NERC to Sanction DISCOS for Breaching Capping Order Nigerian Electricity Regulatory Commission (NERC) yesterday gave seven Distribution Companies (Discos) 14 days to explain why they should not be sanctioned for breaching the capping order on estimated billing of customers without meters. NERC’s order 197/2020 placed limits on estimated bills that[Read More…]
Nigeria: COVID-19 – Four Abuja Stores Charged Over Price Gauge
Nigerian authorities have started prosecuting stores and companies allegedly taking advantage of the coronavirus situation to stash critical hygienic products and charge exorbitant prices for them. In Abuja, the Nigerian capital where the number of COVID-19 infections has risen to nearly a thousand, four popular outlets purportedly complicit in ‘price[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…]