In Nigeria, the struggle against substandard products is a daily reality for consumers across the country. From counterfeit medicines to fake electrical appliances, the prevalence of substandard goods poses serious risks to public health, safety, and economic stability. This pervasive issue not only undermines consumer confidence but also challenges regulatory[Read More…]
Author: Godwin Anyebe
Nigerian Universities and the Electricity Conundrum: Navigating Challenges to Academic Excellence
In Nigeria, the pursuit of academic excellence often meets an enduring challenge: the unpredictable and unreliable supply of electricity. This issue is particularly acute in the country’s universities, where power outages frequently disrupt teaching, research, and administrative activities. The impact of this electricity conundrum extends far beyond inconvenience, shaping the[Read More…]
Esili Eigbe: Nigeria Cannot Experience Real Growth Until It Deals With Inflation
Economist and Director at Escap Management, Esili Eigbe, has sounded a dire warning about Nigeria’s economic trajectory,citing high inflation and a soaring national debt as major concerns. Eigbe in an interview with ARISE NEWS on Wednesday, emphasised the urgent need to address the twin challenges of high inflation and a[Read More…]
Von-Kemedi: Cost of Production Main Reason for Food Inflation, Not Insecurity
Dimieari Von-Kemedi, Managing Director of Arila, has addressed the complex causes of the current food crisis in Nigeria, emphasising that while insecurity is a factor, it is not the decisive reason for the soaring food inflation. Speaking on the issue, Von-Kemedi in an interview with ARISE NEWS on Thursday, pointed[Read More…]
Dollar Bonds, Debt Servicing, FX Volatility Pose Risks to Nigeria’s Economic Recovery, Expert Warns
CEO of Sonora Capital & Investment Limited, DR. Kunle Alonge, has shared his insights on the federal government’s plan to issue dollar bonds, aimed at enhancing Nigeria’s purchasing power and attracting diaspora investment, pointing out both the advantages and potential drawbacks. According to Alonge in an interview with ARISE NEWS[Read More…]
The Consumers Right Awareness and Protection: A Means to Economic Development
Introduction Writers have often inferred that Nigerians and many other African countries have in several ways contributed to the slow economic development of Nigeria, through the low patronage of Nigerian-made products and services. A good example is that many would rather spend on China-made products than buy locally made Aba[Read More…]
Understanding Consumer Protection Risks Faced by Nigerian Digital Finance Users
Abstract The opening of Nigeria’s mobile money system to non-banks and new mobile banking products from commercial banks presents the potential for digital finance to take off in the country. To maximize the benefits of digital inclusion, expansion of use should occur alongside sufficient consumer protection policies and responsible product[Read More…]
Stanbic IBTC Bank partners Lagos State on water, sanitation infrastructure funding summit
Stanbic IBTC Bank, one of Nigeria’s leading financial institutions, partnered with the Lagos State Water Regulatory Commission to host its fifth edition of Lagos International Water and Sanitation Conference (LIWAC) 2024, which was held on Tuesday, 25 and Wednesday 26 June 2024 at Eko Hotel & Suites in Lagos. The[Read More…]
DSTV, GOTV price hike is consequence of fallen value of naira, ever-increasing taxes in Nigeria – Multichoice tells Tribunal
MultiChoice Nigeria has maintained that its DSTV and GOTV price hikes are a consequence of the fallen value of the naira and ever-increasing taxes in Nigeria, among other factors. The legal team of MultiChoice disclosed this in its counter affidavits before the Competition and Consumer Protection Tribunal following a case[Read More…]
Importers lose N248bn to cargo sampling at Lagos ports in five years
Clearing agents at the nation’s ports in Lagos have lamented that in the last five years, importers have lost N248 billion to multiple sampling of imported cargoes by different agencies of government at the nation’s ports of Apapa and Tin-Can Island ports. Speaking with the Nigerian Tribune exclusively in Lagos,[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…]