Dangote Petroleum Refinery has announced the launch of a dedicated nationwide hotline for Nigerians to report any MRS Oil Nigeria Plc filling station selling Premium Motor Spirit, also known as …
Consumer Protection
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BusinessConsumer ProtectionEconomyEnergyNigeriaOil & GasPetroleum
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BankingBusinessConsumer ProtectionEconomyFinanceRegulation
NDIC assures ASO, Union homes depositors of N2m payouts
The financial landscape in Nigeria’s mortgage subsector witnessed a major shake-up on Tuesday as the Nigeria Deposit Insurance Corporation (NDIC) officially moved in to liquidate two prominent institutions: Aso Savings …
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AviationBusinessConsumer ProtectionEconomyGOVERNMENTTransportation
FG May Seize Dana Air Assets to Refund Stranded Passengers, Says Keyamo
The Federal Government may move against the assets of Dana Air to refund passengers and travel agents whose funds remain trapped after the suspension of the airline’s operations. The Minister …
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Consumer ProtectionDigital EconomyEconomyFintechRegulationTelecommunications
Coalition Urges Telecom Firms to Comply with FCCPC’s Digital Lending Regulations
The Coalition for Economic Fairness (CEF), a network of civil society organisations, has called on telecommunications companies and their foreign partners to fully comply with the Federal Competition and Consumer …
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BankingConsumer ProtectionDigital PaymentsEconomyFinancial InclusionNigeriaRegulation
BCAN Backs CBN’s 24–48-Hour Refund Policy for Failed ATM Transactions
The Bank Customers Association of Nigeria (BCAN) has thrown its weight behind the Central Bank of Nigeria (CBN) over the newly proposed 24 to 48-hour refund policy for failed Automated …
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BankingConsumer ProtectionCyber securityFintechGhanaRegulation
Bank of Ghana, EOCO Shut Down 400 Illegal Online Lenders to Clean Up Digital Finance Sector
The Bank of Ghana (BoG), in partnership with the Economic and Organised Crime Office (EOCO) and the Cyber Security Authority, has shut down more than 400 illegal online lending platforms …
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BankingConsumer ProtectionEconomyFinanceGovernanceNational AssemblyRegulation
Reps to Probe Arbitrary Bank Charges as Nigerians Decry Unexplained Deductions
The House of Representatives has resolved to investigate what it described as the arbitrary, excessive, and unexplained charges imposed on customers by commercial banks across Nigeria. The lawmakers made this …
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Consumer ProtectionEconomyFinanceGovernanceRegulationTechnology
FCCPC Moves Against Rogue Digital Lenders With New Regulations
The Federal Competition and Consumer Protection Commission (FCCPC) has introduced strict new regulations to tackle unethical practices in Nigeria’s growing digital lending market. The new rules, which came into effect …
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BankingBusinessCapital MarketCBNCentral BankingConsumer ProtectionDigital PaymentsEconomic DevelopmentEconomyFinance & ServicesFintechINVESTMENTTechnology
How Nigerians are Loosing Money to Failed transaction
In Nigeria today, a growing number of people are quietly losing their hard-earned money to the frustrating phenomenon of failed electronic transactions. While the country’s push for a cashless economy …
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AFRICA NEWSBankingConsumer ProtectionCyber securityFinanceFraud AwarenessNorth Africa
North African Bank warns against illegal sale of Visa and MasterCard
The North African Bank has issued a strong warning to customers over the buying and selling of international cards such as Visa and MasterCard outside approved channels. The bank explained …