Day: February 6, 2024

FCCPC fumes as loan apps violate regulation amid rising payment defaults

•Harassment, defamation not option for debt recovery, Commission warns The Federal Competition and Consumer Protection Commission (FCCPC) has expressed worries over continuous violation of its Limited Interim Regulatory/Registration Framework and Guidelines by online lenders popularly known as loan apps. FCCPC, in a statement signed by its Acting Executive Vice Chairman/Chief Executive Officer, Dr Adamu Abdullahi, […]

Meters: DisCos Fail To Refund Customers

Electricity consumers who had paid for meter under the fluffy Meter Asset Provider(MAP) initiative of the federal government, are impatiently seeking refund from Electricity Distribution Companies(DisCos), most of which are reluctantly implementing repayment directive issued by the Nigerian Electricity Regulatory Commission(NERC) in the wake of failure of the initiative. The government had, through the NERC, […]

Japa: No Easy Life For Nigerians In Europe

Nigerians hoping to escape the increasing hardship in the country by seeking visas or irregular means to migrate to European countries will have a herculean task surviving in those countries because life is challenging in Europe now. In recent years, especially in the last seven months, the deplorable conditions, occasioned a deteriorating economy has forced […]

Kidnappings: Demand for bulletproof vehicles rises, dealers lament forex crisis

Against the backdrop of the abduction wave across the country, the demand for bulletproof vehicles by Very Important Persons and other wealthy Nigerians has increased, The PUNCH can report. Armoured vehicle dealers, who spoke to The PUNCH, confirmed they had been recording increased sales of customised bulletproof Sport Utility Vehicles since the kidnapping epidemic worsened. In recent weeks, […]

Gridlock as fuel queues resurface in Lagos

There was heavy traffic gridlock in some parts of Lagos on Monday as motorists formed long queues outside the forecourts of filling stations on what appeared may herald a fresh scarcity of Premium Motor Spirit. One of our correspondents observed along the Ikorodu Road axis how motorists endured an unusually heavy gridlock due to a […]

Distillers protest today over NAFDAC sachet alcohol ban

Members of the Distillers and Blenders Association of Nigeria have said they are storming the Lagos office of the  National Agency for Food and Drug Administration and Control to protest against the ban on the manufacture and sale of  alcoholic beverages in sachets. In an invite sent to The PUNCH on Monday, the association said the protest […]

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