Customers of leading commercial banks in Nigeria paid N225.6 billion as charges for accessing electronic business (e-business) services in the first nine months of 2023 (9M’23). This represents a 32.3 percent year-on-year (YoY) increase when compared to N170.46 billion they paid in 9M’22. It also indicated increased adoption of electronic[Read More…]
Consumer Education
Customers to Pay More from November 6 as Multichoce Raises Subscription Fees
Multichoce Nigeria, the owners of DSTV and GOTV, has announced another increase in its subscription fees for different bouquets, effective from Monday, November 6, 2023. This is the second time the company has hiked its prices this year, causing more financial burden for its customers. According to a notice sent[Read More…]
FCCPC: Relationship between electricity consumers, DisCos oppressive
The Federal Competition and Consumer Protection Commission (FCCPC) has decried the relationship between electricity consumers and distribution companies (DisCos), saying it is oppressive. The Executive Vice Chairman/Chief Executive Officer of FCCPC, Babatunde Irukera, also said the Nigerian Electricity Supply Industry (NESI) could not endure long-term or generationally in that mode.[Read More…]
Lagos to Abuja flight ticket to cost N250,000 – Says Airline Operators
Sequel to the hike in aviation fuel and the increase in the cost of operations, airline operators are of the view that an hour local flight within Nigeria could rise to N250, 000 anytime soon. Spokesperson for Airline Operators of Nigeria (AON)and Chairman of United Nigeria Airlines, Obiora Okonkwo, said[Read More…]
Loan Shack: FG Asks Google To Remove 18 Loan Apps From Play Store
The Federal Government through the Federal Competition and Consumer Protection Commission has asked Google to remove 18 more digital loan apps from the Google Play store. The commission stated that these apps are operating on the Google Play store without regulatory approval or in violation of the Limited Interim Regulatory/Registration[Read More…]
Benue State: is there hope for the common man?
Recently, I read with utter dismay how the two major ethnic groups in Benue State were exposing their inefficiency in the public space. Unsurprisingly, pockets of associations within them joined the frenzy, and I asked; in whose interest were they exacerbating the issue? Is it for political, economic or tribal[Read More…]
NCC to Block Stolen SIMs in Five Minutes
The Nigerian Communications Commission has proposed that the time taken to block the Subscribers Identity Module of a reported stolen phone should be reduced from 30 minutes to five minutes. This was disclosed during the three-day public inquiries of six regulatory instruments at the commission in Abuja. While presenting the[Read More…]
The Vulnarables are Exploiting the Vulnarables – FCCPC
The Federal Competition and Consumer Protection Agency (FCCPC) has said that one of the major cause of food crises in Nigeria is the fact that the Vulnarables are exploiting the Vulnarables simply because some market men and women are not considerate when it comes pricing. Speaking during a multistakeholders worshop[Read More…]
Consumers Call For Boycott Of DSTV, GOTV After 22.2% Price Increase
Some subscribers of DSTV and GOTV are calling for Nigerians to boycott the services of the pay view company. On Tuesday Multichoice, the parent company of DSTV and GOTV announced the upward review of the prices of its satellite services. Effective from May 1, 2023, DStv has said that its[Read More…]
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…]
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…]