There is no gain saying the fact that Most Nigerian consumers are ignorant of the existing laws that protect them from exploitation and other forms of abuse in the marketplace. As a matter of fact Unfortunately, final consumers who fail to acquaint themselves with are yet to know laws protecting[Read More…]
Consumer Education
Understanding the Role of Federal Competition & Consumer Protection Commission
there is no gain saying the fact that most Nigerian consumers are ignorant of the existing laws that protect them from exploitation. As a matter of fact, final Consumer who are yet to know the existing Consumer laws protecting them as well as it’s implication are often the victim of[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…]
Latest Styles Fraudsters Use To Empty Bank Accounts Without Your ATM Card Or Cell Phone – Bunaboy
Before now Scammers need ATM card or mobile phone to empty Bank Account, but now they have upgraded their strategy, they don’t even need your ATM card, BVN or even your mobile phone number. Please let’s be very careful. There is a new HIGH TECH FRAUD in town called the[Read More…]
Debit Cards & Consumers …A Peculiar Perspective
We would advise objective consideration of this piece, to situate it properly in relation to its purpose; CONSUMERS’ ASSEMBLY would rather that issues of concern serve collective good of all, albeit from the perspective of CONSUMERS, not minding parochial considerations. That also explains our position of inquisitiveness. We would always[Read More…]
How Fraudsters Among POS Agent can use your ATM without OTP
I am a mobile money agent that operate different banks POS. A lot of customers always run to my office when been frauded in one way or the days. I help people in logging dispense error and fraud complains to banks on their behalf, from there I have gained a[Read More…]
Group reacts to mass disconnection order by Ikeja Electric.
In a bid to collect bills owed by consumers in March 2020 by Ikeja electric, the organisation issue statement on their intention to embark on Mass disconnection of consumers who failed to pay the estimated bill even without effects to the capping templates as directed by Nerc. Our engagement with[Read More…]
CBN suspends cheque clearing from today
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…]
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…]
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…]