Month: April 2024

Nigerian govt urges citizens to report draconian price increases

The Federal Competition and Consumer Protection Commission, FCCPC, has urged Nigerians to report any arbitrary price hikes, stating that it will not hesitate to take action against businesses engaging in price fixing. The FCCPC made this disclosure in a statement posted on its official X handle on Sunday. It highlighted the strain the act places […]

NAFDAC bans Turkey-made soap, tracks fake Indian injection powder

The National Agency for Food and Drugs Administration and Control has banned the sale of Turkey-made Dex Luxury Bar Soap. It also called on Nigerians to watch out for the counterfeit of Tandak injection powder made in India. NAFDAC, on its website, said  Dex Luxury Bar Soap does not comply with the Cosmetic Products Regulation, […]

Respite As FG Moves To Pay N16bn Passport Debt

To end the lingering scarcity of the e-passport booklets caused by the non-payment of N16 billion production debt to vendors and other stakeholders in the value chain, the federal government and the Nigeria Immigration Service (NIS) have initiated moves to offset the debt and clear the way for more supplies . LEADERSHIP Friday learnt that […]

NiMet forecasts 3-day sunshine, thunderstorms starting Thursday

The Nigerian Meteorological Agency, NiMet, has predicted sunshine and thunderstorms from Thursday to Saturday nationwide. NiMet’s weather outlook, released on Wednesday in Abuja, forecasts sunny skies on Thursday with a few patches of clouds over the northern region and prospects of thunderstorms over parts of Taraba during the afternoon and evening hours. The agency said […]

FG still paying electricity subsidy despite band tariff hike — Adelabu

The Minister of Power, Adebayo Adelabu, said the Federal Government is still paying subsidy on electricity despite the recent hike in tariff paid by Band A customers. Adelabu stated this in an interview on Channels Television’s Politics Today on Thursday. The minister said the government has about N1.8trn to pay in electricity subsidy for 2024. […]

Bank customers’ complaints rise by 63%

The complaints of five banks’ customers in 2023 increased by over 63.54 per cent to over 10 million from 6.12 million in the previous year. According to The PUNCH analysis of their audited financial results filed with the Nigerian Exchange Limited in recent weeks, more than half of the complaints came from the customers of one of […]

Tariff hike: 20 hrs supply for Band A customers under threat

Barely one week after the new tariff regime which increased electricity tariff by 231 per cent for category A consumers, there are indications that the electricity supply capacity is grossly inadequate to meet the 20 hours per day minimum benchmark for the new tariff while accommodating another category of consumers. The 11 Electricity Distribution Companies, DisCos, […]

Lagos To London: Air Peace Flight Fare Sparks Price War

Foreign airlines have further slashed airfares on the Lagos-London route to compete with Air Peace, which recently commenced flight operations on the route. Air Peace started direct flights from Lagos to London on March 30, pegging its price for a round-trip economy ticket at N1.2m on a route that foreign airlines had charged as much […]

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