The Central Bank of Nigeria (CBN) has approved six companies for the importation of milk and other dairy products. They are FrieslandCampina WAMCO Nigeria; Chi Limited; TG Arla Dairy Products Limited; Promasidor Nigeria Limited; Nestle Nigeria PLC and Integrated Dairies Limited. The approval was contained in a circular issued by[Read More…]
News
DisCos have continue to fail consumers – Report
Reports on activities in Nigeria’s power sector which the Nigerian Electricity Regulatory Commission (NERC) made available on on its official webpage have exposed the repeated failures of the regulatory agency in making sure that the Discos deliver efficient electricity services to their customers. The reports which covered the period between[Read More…]
VAT raise:DisCos hike cost of pre-paid meters
Less than two weeks after the Federal Government began the implementation of the 7.5 per cent Value Added Tax (VAT), the cost of pre-paid meters and other service charges have gone up, it was learnt at the weekend. It was gathered that many of the electricity distribution companies (DisCos) have[Read More…]
NNPC records 16% increase in gas supply to Power in November
The Nigerian National Petroleum Corporation (NNPC) said that the daily average natural gas supply to gas-powered plants in November 2019 increased by 16.53 per cent to 645 mmscfd. The Corporation disclosed this in its Monthly Financial and Operations Reports (MFOR) released in Abuja, on Sunday. The increment, it said was[Read More…]
Forex: CBN injects $218.41m, CNY 18m into retail secondary market
The Central Bank of Nigeria (CBN) has injected the sum of 218.41 million dollars into the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja on Friday. Okorafor said 18 million Yuan was also injected in[Read More…]
Meet FIRS on VAT on calls, Pantami tells subscribers
The Minister of Communications and Digital Economy, Dr Isa Pantami, has asked subscribers who have expressed concern over the additional charges on voice calls, SMS and data to direct their grievances to the Federal Inland Revenue Service. Patanmi, in a statement on Thursday, said his office had been swamped with[Read More…]
Consumers’ 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, and 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…]
SON destroys N480m substandard mobile phone accessories
The Standards Organisation of Nigeria (SON) has destroyed substandard mobile phone accessories worth N480 million at Epe in Lagos. Addressing the media at the destruction site, the Director General, Osita Aboloma Esq., stated that the organisation was on top of its game to ensure that substandard goods did not find[Read More…]
manual processing of licences permits suspended – DPR
The Department of Petroleum Resources (DPR) has suspended the manual processing of all downstream application for licenses and permits. The agency explained further that to replace the manual process, it has launched its digitization initiative for downstream operations under the ‘Automated Downstream System’ (ADS) program. The digital initiative according to[Read More…]
DPR seal gas stations in Delta over offences
The Department of Petroleum Resources (DPR), Warri Zonal Office yesterday said it has sealed 10 gas plants and 40 gas retail shops over various offences in Delta. Engr. Victor Ohwodiasa, the Manager, Gas division, Warri led a surveillance team of the regulatory agency on the routine exercise on behalf 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…]