PMB gets the credit for this whether or not the current crazy exchange rate is an intended consequence of some of his policies. We have resumed the manufacturing of inverters locally using everyday components and parts for Nigerians thanks to the ever increasing price of imported inverters due to the naira-dollar exchange rate issue. We stopped building these inverters sometime last year because the prices of our inverters appeared to be high since a lot of...
What will happen to all the businesses that folded or packed up due to the forex restriction that just got relaxed by the CBN? Will they get any help from the FG? When small businesses suffer the economy will definitely suffer because they are the main engine room for development. To grow an economy we don’t need inconsistent policies and we shouldn’t encourage any form of trial and error by the policy makers.
Just got off the phone with someone from UBA head office who called and was trying to explain to me why they had to charge me N284/$1 when the official bank rate is N199/1$ and the black market is N261/$1. According to him, the official bank rate of N199/$1 is the subsidized rate from the Central Bank of Nigeria and the high N284/$1 is based on the real time exchange rate as dictated by the likes...
I carried out some payments this morning and realized that something was wrong with the exchange rate considering what was actually taken from the account. A $220.00 payment led to N62,452.59 being taken out of the account which comes to about N283.88/$1. Where is this coming from considering the fact that we are only aware of the official bank rate and black market rate? N199/1$ – official bank rate N265/1$ – black market rate N284/1$ –...
The disconnect between claims and promises on one hand by Nigerian ISPs and the reality as regards quality of service and customer service is clear and worrisome.
The phrase “The customer is always right” is not only wrong but ridiculous, misleading and has led to the down fall of a lot of businesses while throwing professionalism into the gutter.
Complaints and bad experiences from Nigerians on services they receive from service providers and the frustration they face when they realize that funds spent on such services are almost always never recovered are the reasons for writing this piece.
As traffic situation gets worse by the day with very little hope for any respite anytime soon it only makes sense for organizations to begin to look into the idea of making their employees truly mobile.
There is this growing trend I have noticed and have equally heard from friends that run businesses, some clients seem to double as business advisers especially when they fail to meet up with payment obligations.
