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LETTER TO THE EDITOR! Consumer protection and post-product monitoring

Campaigns /

  Sir: It is undeniable that most Nigerian consumers are unaware of their rights, which makes it even more challenging for them to pursue restitution or compensation if a product causes them harm. Evidently, the problems of inadequate sensitisation, low literacy, and regulatory laxity lie at the core of this reality. Even for the well-informed, […]

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UDPATE! No plan to redenominate the Naira – CBN clarifies

Finance /

  Contrary to a recent narrative fast gaining traction with several debates in public recourse, the Central Bank of Nigeria (CBN) has denied reports claiming it plans to redenominate the Naira, the country’s local currency. Dr. AbdulMumin Isa, Director of Corporate Communications at CBN, made the clarification in a statement issued recently with the straight-to-the

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NAFDAC Seeks Tougher Sanctions against Peddlers of Substandard Medicines

Health Care /

  The National Agency for Food and Drug Administration and Control, (NAFDAC), has said enforcement of more stringent penalties would drastically reduce sales and distribution of substandard and falsified (SF) medicines in the country. The agency put the value of global commerce in sub-standards and counterfeit drugs in 2016 at $4.4 billion, accounting for 0.84

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FG, UNIDO partner to mop up unemployment, promote industrialization

Finance /

  In a bid to address the increasing unemployment rate and boost industrialization in Nigeria, the Federal Government (FG) has partnered with the United Nations Industrial Development Organization (UNIDO). The minister of Marine and Blue Economy, Adegboyega Oyetola disclosed that the move will help in creating more jobs, particularly in the marine and blue economy

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Why modular refinery operators can’t access bank loans

Energy /

    Operators of modular refineries have blamed their inability to access bank loans on the government’s reluctance to release feedstock (crude oil) guarantee letters to them. An executive member of the Crude Oil Refineries Owners Association of Nigeria (CORAN) told The Nation yesterday that banks are hesitating to finance their operations. The member, who

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AGAIN! Multichoice raises subscription rates across DStv, GOtv packages

FMCG /

Popular pay-Tv operator in Nigeria, Multichoice Nigeria, has announced another subscription increment across its DStv and GOtv packages by at least 19%. Coming as the second increment this year after the first one was implemented on May 1, 2023, Multichoice said the latest increment takes effect from Monday, November 6. While the increment announced in

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Corporate Governance leader, Ayojimi says Nigerian consumers’ voice suppressed

Shelf /

  MUYIWA AYOJIMI is a Consumer Law and Corporate Governance expert who has practised for well over two decades both in the public and private sectors. He is the CEO of Consumertrics Nigeria- a consummate consulting firm and co-convener of the Centre for Consumer Concern Initiative. In this recent interview, he x-rays consumer protection generally

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Firms partner on payment solutions for SMEs

Finance /

  Digital payment service bank, 9 Payment Service Bank (9PSB) has entered into a strategic partnership with XCHANGEBOX, a licensed super-agent service provider, to deliver agent banking solutions to rural, small and medium-sized enterprises (SMEs) via their flagship product, PAYREP. The signing ceremony of the partnership took place at 9PSB head office in Victoria Island,

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Embark on post certification monitoring – Consumer Rights Advocacy Group urges NAFDAC, SON, FCCPC

Campaigns /

  In a concerted effort to safeguard consumers and ensure product safety, the Centre of Consumer Concerns and Awareness Initiation (CCCI) has called upon key regulatory bodies, including NAFDAC, SON, and the FCCPC, to enhance their oversight of manufacturers and consumer products by monitoring products even after certification. Fola Ademosu Jr, a prominent journalist and

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