Banks to return illegal deductions to customers with interest

Central-Bank-of-Nigeria

The Central Bank of Nigeria (CBN) has said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the customer with interest. Mr Fada David, Consumer Complaints Management, Consumer Protection Department, CBN, said this in an interview with the News Agency of Nigeria […]

Gov. Masari Commends Nigerian Govt Over Codeine Ban

Aminu-Masari

Katsina State Government has commended the Federal Government for its recent ban on the local production and importation of codeine as a addictive cough syrup. Gov. Aminu Masari made the commendation on Thursday in Daura during a one-day zonal roundtable workshop on the phenomenon of drug abuse in the state. Masari was represented by the […]

Nestlé Pays Starbucks $7.15 billion for Rights to Sell Coffeehouse Chain of Products

Nestlé

Global food giant Nestlé is paying Starbucks $7.15bn (£5.3bn) for the rights to sell the US coffee chain’s products around the world in a global alliance aimed at reinvigorating their coffee empires. Guardian reports that the deal worth $2bn in sales would reinforce Nestlé’s position as the world’s biggest coffee company, with brands such as […]

Samsung abandon plans to set up manufacturing plant in Nigeria

samsung electronics

Samsung has dropped the idea of establishing a manufacturing plant in Nigeria because its market share in the country is not big enough, reports CommunicationsWeek citing the firm’s Africa CEO, Sung Yoon. Yoon told a media briefing in Nigeria that manufacturing a mobile phone requires 400 components and that none is available in Nigeria. He […]

Truecaller Introduces Backup for Android

truecaller

Technology company, Truecaller, has announced its latest offering, ‘Truecaller Backup for Android’, an innovation that allows users to back up and restore phone contacts, call history, block list and settings to Google Drive. The latest which is an advanced technology was concluded to improve consumers’ experience and address their yearnings. In a statement issued by […]

NNPC says fuel queues will disappear by weekend

fuel scarcity

The Nigerian National Petroleum Corporation (NNPC), on Thursday, in Abuja says fuel queues will `normalise’ by Friday and disappear by the weekend. Mr Ndu Ughamadu, the NNPC spokesman, told the News Agency of Nigeria (NAN) in Abuja that there was an increase in the number of incoming trucks of petrol into the FCT to curb […]

Air Peace commences Abuja – Uyo flights

Nigeria Consumer News

Air Peace, a thriving airline in the domestic routes has announced that, beginning from December 15, 2017, it commencing its Abuja – Uyo flights. The airline announced this on it twitter handle. You called for it, we said yes to you… You can now experience the comfort of our Abuja-Uyo-Abuja flights…You are welcome on board.

NERC to roll out new regulation for metering businesses

Babatunde Fashola PHCN power supply

The Nigerian Electricity Regulatory Commission, NERC, has been granted approval to roll out a new regulation targeted at enabling operators in different sectors play active roles. The minister for Power, Works and Housing, Babatunde Fashola, disclosed this at the Franco-Nigeria Chamber of Commerce and Industry Economic Summit, in Lagos, yesterday. Fashola gave the hint at […]

Eight million Nigerians activate ‘Do-Not-Disturb’ code – NCC

mobile banking survey

The Nigerian Communications Commission (NCC) says eight million Nigerians have activated the Do-Not-Disturb code. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, made this known at the maiden edition of the Nigerian Technology Innovation and Telecommunications Awards in Lagos. NTITA was organised by the Association of Telecommunications Companies of Nigeria and powered by Instinctwave. […]

Niger, Benin Repulic pay Nigeria $64.6bn for power supply

Babatunde Fashola PHCN power supply

The federal government of Nigeria said it has recovered the sum of $64.630, 065 billion from Niger and Benin republic as part payment for electricity supply to the two nieghbouring countries. Minister of Works, Energy and Housing Babatunde Fashola (SAN) made this known at the 21st monthly power stakeholders meeting in Asaba Monday. Addressing heads […]

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