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NSIA Insurance, Multichoice to Reward DSTV Subscribers

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NSIA Insurance is in partnership with Multichoice on the DSTV THANKS Programme, to reward loyal DSTV subscribers with 10 per cent discount on four identified products.

 

The products are NSIA Comprehensive Motor Insurance, NSIA Motor Insurance- Third Party Fire & Theft, NSIA Householder Insurance and NSIA Personal Accident Cover.

 

To partake in this reward programme and qualify for NSIA Insurance discounted products, customers must be on any of the DSTV packages; Family, Access, Compact, Compact+ and Premium; stay connected and pay for subscription on time.

 

Mrs. Ebelechukwu Nwachukwu, managing director of NSIA Insurance, in a statement, said the company is excited to partner with DSTV on the initiative as they are always eager to reward their loyal customers for their patronage which aligns with the DSTV THANKS Program.

 

She stated that they constantly explore partnerships ‘’to enhance the benefits that we offer our valued customers to cater for their needs’’.

 

Titi Shodeinde, head of Retail, Products and Research, explained that NSIA Comprehensive Motor Insurance Plan is a product that has taken into consideration the Motor Insurance needs of the average/high net-worth subscriber and gives great value to them, depending on the band they fall in. This covers cost of repairs paid in the event of accidental damage, fire and theft to the vehicle. It also has a cover of up to N1, 000,000.00 paid in the event of damage to Third Party Property and Unlimited Liability in the event of Injury/Death of Third Party. Excess Buy back and tracking device on vehicles are covered free of charge on this plan

 

“NSIA Motor Insurance- Third Party Fire & Theft Plan on the other hand is a product that covers against fire and theft as well as damage to third party vehicle or property. Up to N1, 000,000.00 is paid in the event of damage to Third Party Property and unlimited liability in the event of Injury/Death of Third Party.

 

“NSIA Householder Insurance Plan provides cover for your home (building) and its contents in the event of loss or damage as a result of fire, explosion, lightning, earthquake, the impact of aircraft, vehicles or animals, theft or attempted theft, damage caused by riot and malicious persons, storm, personal liability for bodily injury to third Parties, buildings and household contents. NSIA Personal Accident Insurance Plan provides compensation in the event of injuries, death and disablement resulting from physical accidents. It also provides medical expenses for treatment of injuries. The cover provides a 24-hour worldwide protection.”

 

She noted that they are also offering qualified and loyal DSTV subscribers additional benefits like unique NSIA Car fragrance, driving and safety tips, and birthday greetings.

 


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CBN Says Claims of N2,000, N5,000 Banknotes in Circulation Fake

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Central Bank of Nigeria (CBN) on Sunday, denied videos and pictures of the purported circulation of N2, 000 and N5,000 banknotes in the country.

CBN Says Claims of N2,000, N5,000 Banknotes in Circulation Fake

The apex bank in a tweet via the official Twitter handle are warned false and fake.

CBN called on Nigerians to disregard claims of such banknotes and urged members of the public to report anyone found in possession of such to law enforcement agencies.

Recall that in 2013, the CBN under the leadership of Sanusi Lamido Sanusi had said it was going to introduce a N5,000 banknote into the country.

Recently, the social media was abuzz after aman reportedly visited a bank and deposited the sum of N17m with yet to be designed or released N5000 and N2000 naira notes.

In accompany video, a lady could be heard in the clip, revealing how the man stormed the bank with the bundle of new 5000 and 2000 naira notes to deposit it.

 

 

 


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Coalition of Nigeria Consumers Kick against Multichoice over Proposed Price Hike

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A Coalition of Nigeria Consumers has expressed concerns over the recent announcement by Multichoice Nigeria Limited, providers of Digital Satellite Television services on (DStv and GOtv) platforms, that it will increase its subscription price from June 1.

Coalition of Nigeria Consumers Kick against Multichoice over Proposed Price Hike

This was contained in a petition sent to the director-general of the Federal Competition and Consumer Protection Commission (FCCPC) through the F. S Onifade & Associates titled “powers of the commission to regulate price: abuse of power of dominace in markets and impending price hike by multichoice/dstv in Nigeria.”

Festus Onifade, managing partner at the F.S Onifade & Associates said the petition was anchored on “Power of Abuse of Dominance” as provided for in new law FCCPC Act 2018 signed into law by President Muhammadu Buhari in February, 2019 which is prohibited under Section 72 of the FCCP Act.

The Act empowers the FCCC to fix and regulate prices of goods and services where such infractions have been brought to the notice of the Commission.

According to the petition, the increment plans by the company citing the increase in VAT rate as the reason, makes it the third time in a period of five years despite court injunctions against similar increment which was not obeyed.

It, therefore, called on the Commission to under law and new identity save the Nigeria consumer from another oppressive private monopoly, noting that out of about 14.56 million subscribers on across Africa, Nigeria alone has 40% of this numbers as at 2019 making her the largest and leading satellite TV service provider in Nigeria.

“You will recall that Mutilchoice Nigeria Limited had recently announced that it will be increasing its rates for DStv and GOtv subscribers from 1st June, 2020, citing the increase in VAT rate as the reason for this imminent price increment.

“Our client also noted with grave concerns that apart from the pattern of (content recycling) of repetitive films and programmes; many local TV Channels which ought to be free are paid for by Nigeria consumers as opposed to the practice of enjoying free local TV Channels in other part of the world.

“Worst still is that with a monthly premium subscription rate of about N16, 000 our client and Nigerian consumers are greatly surcharge. This is because with an average of 720 hours per month, an average view is about six hours per day. If usage is converted to hourly basis this same amount will give a consumer four months value. Hence, we advocate ‘pay as you use.’


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COVID-19: NBC Fines 3 Radio Stations over False Claims

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National Broadcasting Commission (NBC) has fined three stations over broadcast of invariable content on COVID-19 and also sanctioned 28 others for other violations against the Nigeria Broadcasting Code.

COVID-19: NBC Fines 3 Radio Stations over False Claims

Prof. Armstrong Idachaba, acting director-general of NBC, at a press briefing in Abuja, said the three stations fined were Adaba FM and Breeze FM, all in Akure, as well as Albarka FM, Ilorin.

He said that the stations  were fined N250,000 each for broadcasting invariable claims and misleading information about the COVID-19 pandemic.

The NBC boss further stated that 28 other stations were sanctioned for violation of the code in areas bordering on hate speech, obscenity, technical breach, advertisement, invariable claims and unprofessionalism.

“All the stations have been either queried or sanctioned according to the provisions of the Nigeria Broadcasting Code

” The commission wishes to, again, re-emphasise that all broadcasters must adhere strictly to the provisions of the Nigeria Broadcasting Code and National Broadcast Act CAP N11 Laws of the Federation, 2004,”Idachaba said.

On reforms by the NBC, Idachaba said the amendment of the sixth edition of the Nigeria Broadcasting Code as approved by President Muhammadu Buhari made provisions for local content in the broadcast industry.

According to him, it also makes provision for increased advertising revenue for local broadcast stations and content producers.

“It also creates restrictions for monopolistic and anti competitive behavior in the broadcast industry. It further makes provision for responsibility for broadcast stations during national emergencies.

” I am glad that the work is ready now, and the commission has published the provisions of the amendment of the code,” he said.

On Digital Switch Over (DSO), the NBC boss explained that the commission was considering a new licence free regime and broadcast signal distributors carriages fees for Digital Terrestrial Television (DTT) operators

“The new rates would affect National Free-view DTT, Rational Free-view DTT and Local Free-view DTT.

” The committee expects all licenced DTT operators to commence payment of the new fees which is lower than the fees in the analogue era.

“However, very important progressive  steps are being taken for the actualisation of the DSO.

“There have been several online meetings with various players and stakeholders in the digital ecosystem.

” We have concluded plans for a new timeline, indicating new cities where we are moving to and the details will be released once the lock down is fully eased,” he said.

He called on all broadcasters and workers in the media industry to stay safe in the face of the raging pandemic.


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