The house of representatives committee on power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff. NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1. But at its meeting in Abuja on[Read More…]
News
CBN Directive: Petrol Stations, Malls Still Charge N50 Stamp Duty
Despite the repeated clarification and caution from the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Commission (FCCPC), investigation by Daily Trust reveals that merchants have continued to charge their customers N50 stamp duty. Daily Trust reports that the Federal Government recently stopped the additional N50[Read More…]
Unlawful Account Freeze: Court ordered Access Bank Plc fine of N25million
An Ikeja High Court has ordered Diamond Bank Plc (Access Bank Plc) to pay a Lagos-based legal practitioner, Adetokunbo Odutola, Twenty Five million naira (N25m) as damages for unlawfully freezing his bank account. Justice S.O. Nwaka held that the bank failed in its duty of care to Odutola and was[Read More…]
Substandard products: SON prosecuting 15 defaulting importers, manufacturers
Standards Organisation of Nigeria (SON) has no fewer than 15 ongoing cases of defaulting importers and manufacturers of substandard products under prosecution in various courts across the country. Mr Bola Fashina, Special Assistant to SON Director-General, disclosed this in an interview with News Agency of Nigeria (NAN) in Abuja recently.[Read More…]
Electricity consumer group faults NERC’s plan to cap estimated bills by DisCos
A group, the All Electricity Consumers Protection Forum on Thursday faulted the plan to regulate estimated electricity bills issued by power distribution companies to their unmetered customers, billed to begin in February. Its National Coordinator, Mr Adeola Samuel-Ilori, told the News Agency of Nigeria (NAN) in Lagos that the Nigerian[Read More…]
FG Prohibits Multichoice, Others From Exclusive Sporting Rights
The Federal government has announced that DStv and other broadcasters in Nigeria would no longer enjoy exclusive sporting right in Nigeria. The Minister of Information and Culture, Alhaji Lai Mohammed announced this in a statement on Thursday in Abuja. This was as he directed the National Broadcasting Commission (NBC) to[Read More…]
GTB, Ecobank still charge customers N52.50 electronic transfer despite new CBN policy
Guarantee Trust Bank, and Ecobank are still charging customers 52.50 kobo per electronic transaction despite new CBN policy. A customer of guarantee trust Bank plc told CONSUMERS’ ASSEMBLY recently in Lagos that, the bank charged her 52.50 kobo for transferring transferring 10 thousand to another person on the 3rd of[Read More…]
Consumer’s Assembly Make Debut in Nigeria
Consumers’ Assembly, the first Consumers’ news portal in Nigeria and beyond has set the tune of engagement between consumers, regulatory agencies, policy makers, end brand handlers. The focus is to empower CONSUMERS through information, enlightenment, education and advocacy. Our operation is centered on content development and publication, interactive event planning[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…]