The Central Bank of Nigeria has announced a plan to redesign the N200, N500, and N1,000 notes. Godwin Emefiele, the CBN governor stated this at a special briefing on Wednesday. Details later …
Inflation: CBN plans redesigning N200, N500, N1,000 notes Read More »
The National Agency for Food and Drugs Administration and Control, (NAFDAC) has warned the public on the distribution of fake Augmentin brand in the Nigeria’s drug market. NAFDAC says it detected “suspected falsified Augmentin 625mg Tablets in circulation within the country”. The details of the suspected falsified Augmentin 625mg Tabs, NAFDAC said, are as follows:
NAFDAC warns public on fake Augmentin 625mg in circulation Read More »
The Lagos State Consumer Protection Agency (LASCOPA) has sealed Cynosure Associate Super Stores, located at 18, Lateef Salami Street, Ajao Estate, over the display of expired products on the shelves. Another supermarket, Valuepoint Supermarket, situated on the same street as the aforementioned, was similarly issued a non-compliance order over the display of expired products. Speaking
LASCOPA Seals Supermarket Selling Expired Products Read More »
The Standards Organisation of Nigeria (SON) says it has returned to the seaports, in the bid to halt the importation of substandard goods into the country. Farouk Salim, the SON director – general, said this. “We have been temporarily allowed to be in the ports now; we are currently working with the Customs, Nigeria Ports Authority
SON back at seaports for goods inspection Read More »
The Nigerian National Petroleum Company Limited says it is adding ‘over 380 filling stations’ to its retail operations, through the acquisition of Oando (OVH). In a statement issued on Saturday, NNPC Ltd. said the acquisition would enable it “strengthen its downstream business portfolio to enhance profitability & guarantee National Energy Security”. The deal presents the
NNPC adds ‘over 380 filling stations’ through OVH Energy acquisition Read More »
The yawning need for personal and business loans by borrowers, who continue to face difficulties in getting the same from the traditional banks, has yielded a multitude of digital lenders within the Nigerian financial ecosystem. A major challenge consumers face is the lack or insufficient information about digital lenders and contractual terms. As part of Consumertrics advisory series
20 digital lenders and what borrowers should know about them Read More »
Are you contemplating family outing this weekend? The cinema may be a good choice. Consumertrics brings to you the movies showing at Genesis Cinemas on Saturday, October 1. Genesis Deluxe (Saturday) *The Big Trip Time: 11.05am Duration: 85mins *Woman King Time: 1.45pm Duration: 1hr.35mins Tadeo Time: 11.10am Duration: 90mins
Movies showing at the cinemas (Saturday) Read More »
Telecommunications operators have threatened to disable debtor banks from using Unstructured Supplementary Service Data (USSD). The operators said they are being owed N80 billion by the defaulting banks. Gbenga Adebayo, the chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON), stated this at an event in Lagos. He said the debt soared from the N40
Telecos lock horns with banks over unpaid N80bn USSD debt Read More »
The World Bank has approved $750 million for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. This is contained in a statement obtained from the World Bank website on Friday in Abuja. The statement said the $750 million International Development Association (IDA) credit, will help Nigeria accelerate the implementation of critical actions that
World Bank releases $750 million to boost Nigerian businesses Read More »
Few weeks after Consumertrics held its maiden workshop on Responsible Borrowing and Lending, the Federal Competition and Consumer Protection Commission (FCCPC) has revealed action it is taking against illegal digital lenders, in the bid to sanitize their operations and protect borrowers’ rights. Babatunde Irukera, the Executive Vice Chairman, FCCPC, spoke on a Twitter space on
FCCPC says action against illegal digital lenders Read More »
