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…]
Tag: director
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…]
NAFDAC seeks support to end ripening fruits with carbide
Against the background of malpractices being perpetuated by some unscrupulous traders that use carbide to rapidly ripen fruits, the National Agency for Food and Drug Administration and Control (NAFDAC) has challenged Nigerians that were privy to such dangerous activities to report to the Agency for prompt action. The Director General[Read More…]
FCCPC To Focus On Robust Enforcement, Consumer Education – Irukera
Nigerian consumers have a lot to be hopeful for in 2020 as the Federal Competition and Consumer Protection Commission (FCCPC) prepares to widen its scope of activities in 2020. According to Dr. Babatunde Irukera, chief executive officer, FCCPC, robust enforcement and consumer education will be the key pillars of its[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…]