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Tag: FCCPC

Business

FCCPC grants conditional approval for MTN-IHS $6.2bn deal

MTN Group has secured conditional approval from Nigeria’s Federal Competition and Consumer Protection Commission for its proposed $6.2 billion acquisition of IHS Holding Limited, marking significant progress in the completion of one of Africa’s largest telecommunications infrastructure transactions. Nairametrics reported that the development was disclosed in MTN Group’s half-year 2026 financial results released on Monday. […]

Policy and Regulations

FCCPC threatens actions against businesses over mislabelled consumer goods

The Federal Competition and Consumer Protection Commission has issued an advisory concerning the increasing circulation, distribution, and sale of consumer goods that do not comply with prevailing standards and regulations governing product labelling. The advisory which was signed by the Commission’s management., issued on Wednesday, August 19, 2026, was made pursuant to Sections 17(p), (w), […]

Electricity

Electricity: FCCPC, NERC, states push for unified consumer protection

The Federal Competition and Consumer Protection Commission has warned that Nigeria’s emerging state electricity markets could face investment challenges if different regulatory standards are adopted across the country. The commission called for stronger collaboration between federal and state electricity regulators, saying a harmonised consumer protection framework is necessary to safeguard electricity users and provide certainty […]

Business

Court backs FCCPC probe of Air Peace airfare complaints

A Federal High Court has affirmed that the Federal Competition and Consumer Protection Commission has the statutory authority to investigate consumer complaints concerning Air Peace’s ticket pricing. The Commission made this disclosure in a statement issued on Friday following a judgment delivered by the Abuja Division of the Federal High Court. The court ruled that […]

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 […]

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