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Tag: FCCPC

Business

FCCPC questions slow fuel price cuts despite global crude price drop

The Federal Competition and Consumer Protection Commission has expressed concern over what it described as potential consumer exploitation in Nigeria’s downstream petroleum sector, citing the failure of fuel prices to fall significantly despite a sharp decline in global crude oil prices. According to the commission, ongoing market surveillance indicates that local refiners, depot operators, fuel […]

Business

FCCPC grants full approval to 48 previously conditional loan apps

The Federal Competition and Consumer Protection Commission has granted full approval to 48 digital loan app companies that had previously operated under conditional approval. According to the Commission’s updated list of approved digital money lenders, the latest approvals increase the total number of licensed digital lenders in its database to 505. The latest approvals mean […]

Policy and Regulations

FCCPC, NTDA partner to protect consumers, boost Nigerian tourism

The Federal Competition and Consumer Protection Commission and the Nigerian Tourism Development Authority have pledged to work together to protect consumers, raise service standards, and boost sustainable tourism in Nigeria. According to Vanguard, this commitment was reinforced when NTDA Director General, Dr Ola Awakan, paid a courtesy visit to FCCPC Executive Vice Chairman and Chief […]

Policy and Regulations

FCCPC seals PWAN MAX office over unallocated land complaints

The Federal Competition and Consumer Protection Commission has sealed the Lagos office of PWAN MAX Property and Business Solutions Ltd. The commission’s action is over alleged non-compliance with regulatory directives arising from consumer complaints involving unallocated plots of land, according to the News Agency of Nigeria. The enforcement action, carried out on Monday, followed the […]

Policy and Regulations

FCCPC debunks approval of new airtime credit operators

The Federal Competition and Consumer Protection Commission has denied reports claiming President Bola Tinubu approved plans to open Nigeria’s airtime credit market to nine new operators, stating that it neither initiated nor participated in the alleged proposals. According to The PUNCH, the FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, said in a statement on Sunday […]

Business

FCCPC shuts Abuja real estate firms over alleged consumer rights breaches

The Federal Competition and Consumer Protection Commission on Thursday sealed two more real estate firms over alleged consumer complaints involving refunds and property transactions. The enforcement operation, conducted in collaboration with security operatives, followed alleged failure by the firms, Ochacho Group Worldwide and Ti-Bilon, to comply with notices issued by the Commission. The latest action […]

Business

FCCPC calls for stronger safeguards for electricity consumers in Lagos

The Federal Competition and Consumer Protection Commission has urged stronger safeguards for electricity consumers in Lagos amid ongoing supply challenges. This was contained in a statement on Tuesday by FCCPC Director of Corporate Affairs, Ondaje Ijagwu. The move follows the stance of the Lagos State Electricity Regulatory Commission in its 2025 Lagos Electricity Market Report, […]

Business

FCCPC, Lagos partner to curb unsafe goods, unfair trade

Nigeria’s consumer protection regulator has entered into a cooperation pact with Lagos State authorities to boost enforcement against unsafe goods, market misconduct, and unfair trade practices in Africa’s largest city economy. The Federal Competition and Consumer Protection Commission and the Lagos State Consumer Protection Agency announced on Thursday that they had signed a Memorandum of […]

Business

FCCPC closes Abuja estate over alleged breach of buyers’ rights

The Federal Competition and Consumer Protection Commission has shut down Paradise Estate in Life Camp Extension, Abuja, over alleged breaches of consumer rights. The action followed several complaints from subscribers who said they fully paid for housing units that were never delivered. According to the Commission, the developer’s persistent refusal to comply with regulatory directives […]

Business

FCCPC hails judgment reinforcing its statutory enforcement powers

The Federal Competition and Consumer Protection Commission has welcomed a Federal High Court judgment in Abuja that reaffirmed its statutory authority to investigate consumer complaints, following the dismissal of a case filed by Air Peace. In a statement on Monday, the Commission’s Director of Corporate Affairs, Ondaje Ijagwu, said the ruling delivered by Justice James […]

Aviation

Court dismisses Air Peace suit against FCCPC investigation

The Federal High Court in Abuja on Monday dismissed the suit filed by Air Peace Limited seeking to restrain the Federal Competition and Consumer Protection Commission from issuing summons over numerous alleged complaints from passengers nationwide regarding unrefunded ticket fares, canceled flights, among others. Justice James Omotosho dismissed the suit for “lacking merit,” faulting the […]

Aviation

FCCPC yet to submit report on Yuletide airfare hike probe — NCAA

The Nigerian Civil Aviation Authority on Wednesday disclosed that the Federal Competition and Consumer Protection Commission has yet to submit its findings on the controversial hike in air fares during the Yuletide season. Director of Public Affairs and Consumer Protection at the NCAA, Mr Michael Achimugu, however, maintained his earlier position that the reasons given […]

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