Day: February 11, 2024

Notify customers before debt recovery moves, CBN tells banks

The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery process is transparent, courteous, and fair. CBN stated this in a document released on Thursday on its website titled “Revised Consumer Protection Regulations.” It noted that […]

Nigerians turn to traditional healers as prices of drugs go out of reach

VICTOR AYENI writes about how traditional medicine is enjoying growing patronage in light of the skyrocketing prices of orthodox drugs in the country and the immense potential of research that lies in alternative medicine In the busy Sango Ota market, in the Ado-Odo/Ota Local Government Area of Ogun State, Mrs Ayoni Oladipo graciously showcased her […]

Fashola Advocates Monthly Payment Of Rent

A former Minister of Power, Works and Housing, Babatunde Fashola, on Thursday called for the review of tenancy laws in states to compel landlords to collect rents monthly. Fashola spoke during the launch of his book titled: “Nigerian Public Discourse: The Interplay of Empirical Evidence and Hyperbole”, in Lagos. He said that advance payment of […]

Cement price soars by 100% in three years

The price of cement has risen by 100 per cent in three years to a record high of N7,000, on the back spiralling inflation in the country. Sunday PUNCH findings showed that the prices of cement ranged between N3,300 and N3,500 in Lagos and Ogun States in March 2021 but have jumped to between N6,500 and N7,000 […]

Citizens groan as rice hits N77,000 per bag

This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services. Several of them lamented that their income could no longer take care of their daily needs, adding that the […]

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