With effect from today, the Central Bank of Nigeria (CBN) has suspended the clearing of all cheque instruments in the Nigerian clearing system. A circular signed and sent out to all Deposit Money Banks and the Nigeria Internal Settlement System (NIBSS) by the CBN on Monday stated that “no fresh[Read More…]
Consumer Education
Sustainable consumption should be a matter of urgency and priority – Irukera
The chief executive officer of the federal competition & consumer protection council (FCCPC) Babatunde Irukera has said that, sustainable consumption should be a matter of urgency and priority for Nigeria. Professional bodies, regulatory agencies, among others must come together and ensure sustainable consumption becomes a reality. He added Irueka made[Read More…]
To address the unmet needs of kidney care in Africa, data is Paramount – Health Minister
The minister of Health, Dr. Osagie Ehahire has said that, the collation of a comprehensive data and the need to establish national as well as sub-regional CKD registries infrastructure for both dialysis and transplantation is crucial to tacking chronic kidney diseases (CKD). “there is also need to increase the number[Read More…]
NERC adjourns TCN presentation on spinning reserve
The Nigerian Electricity Regulatory Commission (NERC) Wednesday adjourned its session on the Transmission Company of Nigeria (TCN) to next Monday because the Market Operator (MO), Engr. Edmund Eje, who made the presentation, was not detailed. The session was to deliberate on the tariff for the spinning reserve for the national[Read More…]
DPR to commence clampdown on ilegal gas plants in Kwara soon – Official
The Department of Petroleum Resources (DPR) in Kwara, on Friday, says it will soon clampdown on illegal gas outlets operating in various parts of the state. The DPR Head of Operations in Kwara, Mr Oyedele Ibitayo, disclosed this in Ilorin DPR had earlier embarked on a road show on Gas[Read More…]
BJAN Unveils Plans to Mark 2020 Consumer Rights Day
The Brand Journalists Association of Nigeria (BJAN) has concluded plans to hold the 2020 World Consumer Rights Day in Lagos. BJAN will mark the 8th edition of its Consumer Rights Day with the theme ‘Sustainable Consumer Behaviour’. The World Consumer Right Day, is an annual event organised BJAN as part[Read More…]
Nigeria operates cheapest electricity tariff in West Africa – Mohammed
The Managing Director of Transmission Company of Nigeria (TCN), Mr. Usman Gur Mohammed, said Nigeria has the cheapest electricity tariff in the West African sub-region, and called for immediate review of tariffs. According to him, an estimated N1.7 trillion had been spent to subsidise electricity industry in the last six[Read More…]
DPR warns against sales of gas in residential areas
The Department of Petroleum Resources (DPR), Osogbo Field Office, has warned skid gas operators against sales of liquefied petroleum gas (LPG) in residential areas in the state. Mr Olusegun Daboh, DPR’s Operations Controller, said on Sunday in Osogbo, said the warning had become imperative in order to avoid fire outbreak.[Read More…]
NERC puts limits on Discos’ estimated billing
The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to unmetered consumers. It said it had cancelled the Estimated Billing Methodology Regulation as a basis for computing the consumption of unmetered customers by the Discos. NERC disclosed this in its[Read More…]
Watch out for hard drugs in ‘maishayi’ tea, herbal drinks – NAFDAC
The National Agency for Food and Drug Administration and Control (NAFDAC) has warned Nigerians to be cautious when taking cup of tea popularly known as `Maishayi’ from vendors. Prof. Mojisola Adeyeye, NAFDAC Director-General gave the warning in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja.[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…]