Year: 2024

HARDSHIP… Families Struggling To Meet Daily Needs

With food inflation now at 33.98 per cent, food prices have escalated in recent months as most food items have soared between 70 percent and N80 percent in the last six months, LEADERSHIP learnt.This increase, coupled with low disposable income of the people, findings show, have pushed some food items out of the reach of […]

Hardship: Students now trade property to survive

The woes of hunger, triggered by the increasing cost of living, have stretched their claws to the lives of students in tertiary institutions. Gone are the days when undergraduates return to class with cash and other home appliances depicting their high standard of living. Today many parents or guardians can no longer afford a standard […]

Higher prices loom as businesses rely more on loans to survive

Nigerians will soon experience another wave of increases in the prices of goods by major manufacturers as most of them now depend more on loans to fund their operations, resulting in higher interest payments and increased cost of production. Financial Vanguard investigations show that due to scarcity of foreign exchange, general cash flow challenges and […]

‘High fuel price contributes to food insecurity’

Minister of Budget and National Planning, Atiku Bagudu, yesterday, highlighted that challenges facing agriculture go beyond insecurity to include high cost of fuel. During a session with the Senate Committees on Finance, Appropriation, Banking, Insurance and other Financial Institutions, warned of five councils where 70 per cent of their assigned land might not be cultivated […]

Discos overbilled 7.1million customers in nine months – FG

Power distribution companies overbilled about 7.1 million unmetered electricity consumers between January and September 2023, an analysis of the latest monthly number of overbilled customers showed. In the various Regulatory Interventions for Non-Compliance with the Order on Capping of Estimated Billing to Unmetered Customers, issued to the 11 Discos by the Nigerian Electricity Regulatory Commission, […]

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 […]

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