The House of Representatives has urged the Standard Organisation of Nigeria (SON) to check the proliferation of sub-standard steel production in Nigeria. It called on SON to commence massive enforcement of its mandate to prosecute anyone dealing in substandard steel products to face the law as enshrined in section (4)[Read More…]
News
Telecom operators in Nigeria have revealed that over 90 per cent of the data centres in Nigeria are located in Lagos, Nigeria’s economic centre due to insecurity and economic challenges. Speaking at the West Africa Telecoms Infrastructure Summit and Exhibition (WATISE) organised by Technology Mirror in Lagos, Chief Executive Officer[Read More…]
FCCPC vows to unravel mystery death of Abuja “one chance” victim
The Executive Vice Chairman/Chief Executive Officer, Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera who a member of the nine-man investigative panel of a “one chance” victim, Greatness Olorunfemi who was killed in Abuja recently said the Patients’ Bill of Rights would be one of the major considerations that[Read More…]
2023 Beacon of Safety Awards to Chrisland Schools Come Under Attack as Stakeholders probe Organizer’s Transparency
Education Consultant and Organizer of the Beacon of Safety Award in Lagos State, Bisi Esuruosho has come under heavy public scrutiny following her gifting of 12 out of 25 “safety Awards” to Chrisland Schools, with some schools owners in Lagos who requested anonymity stating clearly that Bisi Esuruoso was up[Read More…]
Nigeria’s Inflation Hits 24.08% As Subsidy Removal Bites Hard
Nigeria’s inflation surged to 24.08% in the month of July 2023, a 129 basis-point increase compared to 22.79% recorded in the previous month. This represents the sixth consecutive increase in the headline index this year. This is according to the recently released Consumer Price Index (CPI) report for July 2023[Read More…]
Russia Africa Sumit: FG promises speedy completion of Ajaokuta steel company
Due to the quest for rapid industrial revitalization, the Federal Government of Nigeria has stated that speedy completion of Ajaoknta steel company was a major motivation that encouraged her to attending the Russia African Sumit. The Vice President Kashim Shettima who stated this while addressing the Nigerian communties in Russia[Read More…]
Zero Emission: Nigeria Lost N373bn to Gas Flaring in H1’23
Despite the commitment of the Federal Government to achieve zero flaring by 2060, gas flaring has increased 10 percent in the first half (January – June) of 2023 to 138.7 million metric standard cubic feet, MSCF, of gas from 126.1 MSCF in the corresponding period of 2022. The flared gas[Read More…]
Forceful Conversion of Property: Court adjourns suit to October 31, 2023
The Suit challenging the alleged criminal intention to convert a multi-million naira property located at No. 24A, Ikoyi Crescent, Lagos, belonging to Chief Ralph Obiorah, purportedly by Mr. Yomi Tokosi, was adjourned by the Lagos High Court sitting in Ikeja last Thursday, and new hearing date has been set for[Read More…]
FG Constitutes the Advertising Offences Tribunal
The Federal Government has constituted the Advertising Offences Tribunal and appointed a chairman and four other members to adjudicate over offences created under Advertising Regulatory Council of Nigeria Act No.23 of 2022, Code of Advertising Practice, Standard of Practice, Proclamation, and other relevant enactments made pursuant to the Act. The[Read More…]
Transaction Errors: 4.6million Customers Groan, Demand N137bn From Banks
Six Deposit Banks in Nigeria received 4,595,628 million complaints from their customers within a period of one year with the total amount of refund being claimed hitting N137.62bn. This was disclosed in the banks’ audited financial reports for the year 2022 filed with the Nigerian Stock Exchange. An analysis of[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…]