Bed Bath & Beyond Inc., which deals in domestic merchandise and operates in the United States, Canada, Mexico, and Puerto Rico, is shutting down 56 of its stores. Consumertrics gathered that the company, listed among Fortune 500 and Forbes Global 2000, is taking the decision as a way of implementing a broader restructuring to stabilize […]
America’s Bed Bath & Beyond shuts 56 stores Read More »
Africa-focused fintech firm Flutterwave said on Wednesday it has added eNaira as a payment option for merchants, a move that could help boost adoption of the digital currency. Nigeria, the first African nation to launch a digital currency, is targeting 8 million users for the app launched in October. But adoption has been slow as
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Mr. Afolabi Solebo, the general manager of the Lagos State Consumer Protection Agency, (LASCOPA) attempted to seal SLOT, a notable mobile phone merchandise company in Nigeria. Consumertrics gathered that Solebo walked in on a disagreement between a dissatisfied customer, Eniola Olakunri, and a SLOT sales agent at its outlet, located in the Ikeja City Mall.
LASCOPA GM Solebo attempts sealing SLOT over ‘no refund policy’ Read More »
Consumertrics has observed the distribution of counterfeited Bama mayonnaise in Nigeria foods market, hence this advisory. What you need to know: The fake product shares the same brand logo as the original but there is a little nuance in the colour of its content. As shared by a victim, the Bama logo wrapping on the
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The Nigerian Railway Corporation (NRC) has stated unequivocally on its website that it does not have a refund policy. This means that a ticket already paid for by an intending traveller is not returnable for purpose of getting a refund. Consumertrics considers the NRC’s ‘NO REFUND POLICY’ a violation of consumer right, as enshrined under
How Nigerian Railway Corporation is violating consumer rights Read More »
Flutterwave, a Nigerian-own tech company, has been cleared of the money laundering charges preferred against it by the Kenya’s Asset Recovery Agency (ARA). According to Peoples Gazette, Justice, E.N Maina, who is hearing the matter, granted the ARA’s request for termination of the suit on September 7. Consumertrics is reporting that the Kenyan authorities had
Flutterwave cleared of money laundering charges Read More »
NowNow Digital Systems, a fintech startup, has raised $13 million in seed funding, in its bid to expand its services and creating new products. The fintech said the funding will further strengthen its operations, comprising consumer banking, agency banking, and merchant payment solutions. “With the secured funding, we look to not only provide services that
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Some experts including the representatives of the Federal Competition and Consumer Protection Commission (FCCPC); Nigerian Communications Commission (NCC); and the Lagos State Consumer Protection Agency (LASCOPA) have reinforced the need for proper regulation of digital lending and borrowing. This happened at the recent Consumertrics workshop, themed Responsible Borrowing and Lending: Balancing Access to Credit and
FCCPC, NCC, LASCOPA others push for regulation of digital lending Read More »
Economic activities, livelihoods, and consumer buying are certainly to be affected due to imminent flooding in five states and Nigeria’s federal capital. This is according to the latest advisory by the Nigerian Metrological Agency (NiMet). The concerned states are, namely Kaduna, Niger, Bauchi, Plateau, Nasarawa, and the FCT. Other states the forecast suggests will face
Imminent flooding, downpour to cause business slump Read More »
American airline, Delta has announced it is suspending flights from JFK airport in New York to Lagos, Nigeria. According to the airline, “the current demand environment” necessitated the decision. What Delta Airline is saying: Delta Airline is saying that the suspension will take effect from October 4, 2022. This means that until then, the airline
Facts about Delta airlines suspending New York-Lagos flight Read More »
