Business
Be Conversant With Your Rights, CPC Urges Consumers
The Head of Consumer Protection Council (CPC), Lagos Office, Mrs Ngozi Obidike, has urged consumers of products and services to be conversant with what their rights are.
Obidike gave the advice in Lagos during the Market Awards Nigeria (MAN) Stakeholders Forum.
She said the knowledge of one’s rights would ensure that the person was not taken for a ride by manufacturers of products and providers of services.
According to Obidike, who was represented at the occasion by CPC’s Scientific Officer, Mrs Adaora Umego, consumers deserve excellent customer services.
“It is not an option or a privilege, but a right,’’ she said.
Obidike said CPC, as a government agency responsible for consumer satisfaction, had been doing a lot in sensitising consumers on defending and protecting their rights.
“A lot have been done, but probably because of the country’s population, this may not be noticeable,” she said.
Obidike said the first point of duty for a consumer to address a problem was to go back to the point where the product was purchased or where the service was rendered.
She said it was when the problem was not solved at the place of purchase that a consumer could contact the council.
“Our redress mechanism takes 30 days, within which a lot of processes are involved.
“We are a mediating council. We don’t allow a case to linger and extend to the court,” the CPC official said.
Speaking also, the Chairperson, MAN Organising Committee, Mrs Abimbola Ezeaku, called on CPC to intensify efforts at sensitising consumers on demanding for their rights.
“Nigerians are reluctant in insisting on demanding for their rights, since they feel they have been neglected by government,’’ she said.
According to her, consumers feel it is very frustrating to pursue their rights, as people also tend to castigate them.
She said the forum was an avenue to encourage Nigerians to voice out and demand for their rights when they were being violated.
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Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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