Consumertrics, Author at Consumertrics

Consumertrics holds workshop on Responsible Lending and Borrowing

Consumertrics has launched its advisory series and will be holding its maiden workshop, themed Responsible lending and borrowing: Balancing Access to Credit and Consumer Protection in Nigeria Digital Economy. The event, which is expected to draw together finance industry regulators, consumer protection agency, credit facilitators, among others, will be holding at The Zone Tech Park […]

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Ecobank offers Back2School loans

Finance / Consumertrics

Ecobank is offering its customers ‘Back2School’ loans. Daberechi Effiong, head, consumer products of the bank, said the loans are available to all categories of customers in paid and self-employment. “Customers can either opt for the Employee Credit or Cash backed Back2School scheme based on their cashflow. “The Cash backed scheme gives customers access to competitive interest

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MAN urges CBN to provide forex to manufacturers

Uncategorized / Consumertrics

The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Naira (CBN) to provide more foreign exchange to manufacturers, to enable them import raw materials and machinery. The call is according to Okwara Udensi, the chairman of MAN, Edo and Delta zones, while speaking on the topic ‘Nigeria’s struggling economy and unstable macroeconomic

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First Bank holds CR&S Week in Nigeria, 7 other countries

Finance / Consumertrics

First Bank Nigeria Plc has announced it would begin its Corporate Responsibility & Sustainability (CR&S) week, starting 22nd till 27th August, 2022. The theme of the event is “Kindness… A Way of Life”, and it is couched in the acronym, SPARK (Start Performing Acts of Random Kindness). The bank, in its statement, said activities for

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FOREX: Naira falls to N698/$1 at black market

Finance / Consumertrics

The Naira exchanges for N698 to one US dollar a t the black market on Thursday. Nairametrics is reporting black market forex operators as confirming the fall. The FX traders reportedly cited sustained scarcity of dollar and the increased demand for dip. This might be a sign of recovery for the Nigerian currency, after it

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Zenith Bank declares N405 billion half-year earnings, N7.15 trillion customer deposits

Finance / Consumertrics

Zenith Bank has declared N405 billion as its 2022 half-year earnings, as against N346 billion it recorded about the same time last year. This bank stated this in its audited half-year financial results the bank, which it presented to the Nigerian Exchange (NGX) on Tuesday, 23rd August 2022. The bank attributed the development to N42billion

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NBC re-opens AIT, Silverbird, others

Uncategorized / Consumertrics

AIT, Silverbird, and about 50 other broadcast stations shut for failing to renew their licenses now have a fresh deadline within which to pay. The National Broadcasting Commission (NBC) Friday said the arrears amount to about N2 billion. Balarabe Shehu Ilelah, director-general of the commission, in another statement Saturday gave the fresh deadline ends August

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eNaira: CBN to support 10 startups

Finance / Consumertrics

The Africa Fintech Foundry (AFF) says it is collaborating with the Central Bank of Nigeria (CBN) to support 10 startups to increase the adoption of eNaira in the country. The head of AFF, Daniel Awe, said this on Saturday in Lagos. He spoke on the sideline of the Semi-Final Pitching of the eNaira Hackathon 2022.

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WhatsApp launches new privacy features

ICT/Telecom / Consumertrics

Meta has announced new privacy features for WhatsApp users. Users will be able to leave group chats silently, control who can see their online status and block screenshots on View Once messages. Meta chief executive Mark Zuckerberg said this would help keep WhatsApp messaging “as private and secure as face-to-face conversations”. It will begin rolling out

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Nigeria’s oil production falls to 1.08m b/d

Energy / Consumertrics

Nigeria’s crude oil production decreased in July to an average of 1.08 million barrels per day (bpd) from 1.16 million the previous month. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said this in its latest crude oil and condensate production data for July 2022. The report shows a 6.42 percent decrease from June’s production figures. With

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