What Makes the Consumers Value Awards unique compared to other industry awards? Thank you, Consumers Value Awards as expressed by the name is an award under the sphere of consumers. Everything about the process of the Consumers Value Awards is more in the hands of the consumers. For instance, at the nomination stage, it is consumers who will nominate brands for listing to be voted for. What we do is basically to announce that the portal is open for nomination and with a strong desire for transparency we announce the opening on almost all platforms including your reputable publication. So,…
Author: Elvis Eromosele
The Stanbic IBTC Bank Reward4Saving promo, recently awarded The Industry’s Most Transparent Consumer Promotion, has rewarded over 1,600 customers with ₦262 million in less than three years. The objective of the promo, which started in 2021 is to foster a savings culture among Nigerians, by recognising and rewarding individuals who commit to building and maintaining consistent saving habits. As a testament to the credibility of the promo, the Reward4Saving promo was rated the “Most Transparent Consumer Promotion” for two consecutive years in the Industry Awards. This was also corroborated by the representatives of the National Lottery Regulatory Commission (NLRC) and…
The African Development Bank (www.AfDB.org) has invested $1.44 billion to support the development of energy and power, transport, water, and sanitation infrastructure in Nigeria. The Bank’s Nigeria Country Department, Director General Lamin Barrow disclosed this at the Nasarawa Investment Summit 2024, held from 15 – 16 May in Lafia, the Nasarawa State capital. The event was attended by local and foreign investors, representatives of the private sector, and senior government officials. Acknowledging the resonance of the Summit theme against the backdrop of turbulence in the global economy, Barrow noted that Nasarawa State, and indeed Nigeria, face a huge infrastructure deficit,…
On May 22, 2024, the European Commission decided to implement a global increase in Schengen visa fees, effective from June 11, 2024. The fees will rise by 12 per cent worldwide. Slovenia’s Ministry of Foreign and European Affairs confirmed this news, stating, “The fee for adult applicants will increase from €80 to €90. Additionally, the fee for children aged six to twelve will rise from €40 to €45.” “For countries not cooperating with the EU on the readmission of their irregularly staying citizens, visa fees could surge to €135 or even €180.” The Schengen Visa Code mandates that EU visa…
Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has called for a review of the Central Bank’s directive for BDC operators to increase their capital base, saying it is against global standard. “You increased the capital from N10 million to N35 million in 2014 and now you are raising the capital base of a BDCs from N35 million to N500 million for Tier 2 operators and N2 billion.It’s highly against global standard,” Gwadabe said. He said this at The 8th edition of the Vanguard Economic Summit, themed: ‘Reforms In The Era of Global Economic Uncertainties: Whither…
In a groundbreaking move set to revolutionize traffic management in Lagos, the Lagos State Traffic Management Authority (LASTMA) has concluded all necessary arrangements for the imminent launch of a dedicated call centre. This pioneering initiative is designed to enhance communication between the public and traffic authorities, streamline traffic operations, and significantly improve the overall driving experience in Nigeria’s bustling commercial capital. A Bold Step Towards Modern Traffic Management Lagos, one of the most densely populated cities in Africa, is infamous for its traffic congestion. Daily gridlocks, frequent accidents and a myriad of road incidents contribute to the city’s traffic nightmares.…
Remember the days when accessing financial services meant battling long queues at brick-and-mortar banks? Nigeria’s fintech revolution promised to change that, offering a wave of convenience, and inclusion. However, the Central Bank of Nigeria’s (CBN) recent directives throw a curveball. With new customer sign-ups frozen at some fintech companies, is the dream of a frictionless financial future fading? The Central Bank of Nigeria (CBN) issued a directive in April 2024 to several fintech companies, including Kuda Bank, OPay, Palmpay, and Moniepoint, halting them from onboarding new customers until further notice. News sources report the CBN directive to be linked to…
Ademola Lookman bagged a hat-trick as Atalanta defeated Bayer Leverkusen 3-0 in the final of the Europa League. Lookman made history as the first African player to score three goals in the final of a major UEFA competition. It was Bayer Leverkusen’s first defeat in 52 games across all competitions this season. It was the first time Atalanta will be winning an European title. They also become the first Italian side to win the Europa League. Lookman opened scoring for Atalanta in the 12th minute after he was teed up by Davide Zappacosta. The winger doubled the lead with a…
To expand its comprehensive cancer diagnosis and treatment capacity, the NSIA-LUTH Cancer Centre is set to establish a major nuclear medicine facility by 2025. Wasiu Adeyemo, LUTH’s chief medical director revealed this on Tuesday as the centre marked its fifth anniversary of operating. Adeyemo said that the initiative poised to become the first run by the federal government on a public-private partnership was conceived last year and has been backed with funding in the 2024 budget of the federation. Nuclear medicine is a specialised area of cancer treatment that uses multi-disciplinary medical imaging for diagnosis and treatments. With the facility, NSIA-LUTH…
In furtherance of its battle against rising inflation, the Central Bank of Nigeria (CBN) on Tuesday again raised its benchmark interest rate by 150 basis points to 26.25 per cent. This is the third straight hike this year all in a bid to control the rising prices of goods and services and to ensure the stability of the naira. After the two-day Monetary Policy Committee (MPC) meeting in Abuja, the members agreed to hold other parameters unchanged. Consequently, the CBN retained the asymmetric corridor around the MPR at +100/-300 basis points, cash reserve ratio (CRR) at 45 percent, and retained…