The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered over N60 billion from erring banks as excessive charges imposed on customers. The bank also said it has equally returned same amount to the affected customers. This is just as the Apex Bank has announced that[Read More…]
News
DPR shuts down 42 illegal gas stations in A’Ibom
The Department of Petroleum Resources(DPR) has closed down at least 42 illegal gas stations in Akwa Ibom State for allegedly engaging in unsafe practices. DPR operations controller in the state, Tamunoiminabo Kingsley-Sundaye,who disclosed this to journalists in Eket local government area recently said the stations were shut down between Jan[Read More…]
Nigeria to kick off gas flare commercialisation from 45 sites
The Department of Petroleum Resources (DPR) has stated that over 200 bidders are competing for the available 45 gas flaring sites in Nigeria, adding that the national gas flare commercialization programme will be implemented from those sites at the initial stage. Specifically, the department stated that there are other gas[Read More…]
Court jails 29 year old for human trafficking
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has successfully secured the conviction of twenty-nine years old Sekinat Ayomide Owolabi for human trafficking. The suspect was arraigned by NAPTIP at the Federal High Court Osogbo, on a three-count charge of organising the foreign travel of a nineteen[Read More…]
NAFDAC Hosts African Medicine Quality Forum
The National Agency for Food and Drug Administration and Control {NAFDAC} volunteered last year at the last meeting in Morocco to host the Third African Medicine Quality Forum (AMQF) meeting. The meeting will take place at the Transcorp Hilton Abuja from the 24th- – 28th February, 2020. The AMQF was[Read More…]
SON certifies Innoson vehicles under MANCAP
The Standards Organisation of Nigeria has presented the Mandatory Conformity Assessment Programme (MANCAP) certification to Nigeria’s first indigenous vehicle manufacturing company, Innoson Vehicles Manufacturing Company Ltd. at a colourful ceremony in Nnewi, Anambra State recently. The MANCAP certificate was presented to the Chairman/CEO of Innoson Vehicles, Dr. Innocent Chukwuma OFR[Read More…]
Consumers must pay more for electricity from April 1, NERC insist
The Nigeria Electricity Regulatory Commission (NERC) has insisted on starting the implementation of the new electricity tariff increases on April 1. The NERC dropped the hint that the Power Sector Review Programme (PSRP) has proposed the elimination of tariff support in the electricity market by the end of 2021, except[Read More…]
Customers decries unhealthy treatment by airlines operators
Nigerian customers have condemned in strong terms, the way and manner airlines operators in Nigeria treat them. A customer, Dababy daddy reached out to Consumers’ Assembly through his Twitter handle; @The_Nifeme and said; “Air Peace (@flyairpeace) canceled a 7am flight and notified a passenger @ 1am.. just 6 hrs before[Read More…]
Google has a problem, Oracle tells supreme court
Oracle delivered its latest argument to the Supreme Court ahead of its showdown with Google over the internet giant’s use of Java APIs to build Android. Oracle yesterday delivered fresh arguments to the Supreme Court in its ongoing dispute with Google over the internet giant’s use of Java APIs to[Read More…]
SON Boss Accused Of Corruption, Fraudulent Contract Award
Director-General of Standard Organisation of Nigeria, Osita Aboloma, has been accused of awarding fraudulent contracts without recourse to procedure and due process. He was also accused of single-handedly withdrawing N2m monthly from the domiciliary account of the organisation without approval of the governing council and management board. Aboloma, who was[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…]