The Central Bank of Nigeria (CBN) says receiving international money transfers in foreign currencies by Nigerians is detrimental to the Naira. Ms Ozemena Nnaji, Director, Trade and Exchange in the apex bank, told the House of Representatives Committees on Diaspora, Banking and Currency, and National Planning at an investigative hearing[Read More…]
Consumer Education
Most of the products sold in Alaba market are life threatening to Consumers – SON DG
The Director Generaleneral of Standards Organistion of Nigeria (SON), Osita Aboloma has said that, most of the products that are sold in Alaba international market, Ojo, Lagos State, are life threatening to consumers. Aboloma who made this known yesterday in Lagos during a partnership meeting with the Association of Nigerian[Read More…]
CONSUMERS: Welcome to The Assembly
As we take-off with this initiative, we like to set the tone of engagement by explicit on the essence and terms in a way that will help all stakeholders. CONSUMERS’ ASSEMBLY is borne out of a strong conviction towards service, which scope is all encompassing; a commitment that kept expanding[Read More…]
NAFDAC seeks support to end ripening fruits with carbide
Against the background of malpractices being perpetuated by some unscrupulous traders that use carbide to rapidly ripen fruits, the National Agency for Food and Drug Administration and Control (NAFDAC) has challenged Nigerians that were privy to such dangerous activities to report to the Agency for prompt action. The Director General[Read More…]
FCCPC, FRSC to Prosecute Operators of Uninsured Fleet
The Federal Competition & Consumer Protection Commission (FCCPC) and the Federal Road Safety Corps (FRSC) have agreed to jointly prosecute transporters whose fleet are not appropriately insured in 2020. Babatunde Irukera, CEO, FCCPC, announced this recently while addressing participants at a collaborative workshop held by both organisations to engage passengers,[Read More…]
100 tonnes of mutilated naira notes destroyed weekly—CBN
The Central Bank of Nigeria (CBN) said that about 100 tonnes of bad naira notes were generated as waste and destroyed weekly through open air burning at its 12 disposal centres across the country. Meanwhile, the apex bank has commenced the process of collaboration with private firms to recycle bad[Read More…]
Transmitting sensitive information through Windows 7 is dangerous – Pantami
Minister of Communications and Digital Economy, Dr Isa Pantami, has warned Nigerians to desist from transmitting sensitive data on the Internet with devices powered by Microsoft Windows 7 Operating System. In a statement signed by the Technical Assistant on Government Digital Services and Innovation, Mukhtar Sadiq, Pantami urged Nigerians to[Read More…]
Irresponsible cooking responsible for kidney, lever diseases – NAFDAC Boss
Director-General, National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye, has stated that illicit cooking practices, poverty and ignorance are fuelling the rise of kidney and liver diseases in the country. According to her, many people due to ignorance use paracetamol as tenderiser in cooking meat[Read More…]
How To Block Your Bank Account In Case Of Emergency
*UBA* dial *919*10# from the mobile line linked to your account *Fidelity Bank* dial *770*911# from the mobile line linked to your account *IBTC Bank* dial *909# from the mobile line linked to your account *Zenith Bank* dial *966*911# *First Bank* send Block to 30012 via text message *Union Bank*[Read More…]
NERC condemns DisCos over meters
The Nigerian Electricity Regulatory Commission (NERC) has scolded some electricity Distribution Companies (DisCos) who force customers to clear their bills before they are metered. NERC in a statement by its spokesman, Dr Usman Abba-Arabi said the Commission’s attention was brought to the practice of having customers of DisCos invest in[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…]