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Tag: FCCPC

Loan apps: FCCPC to address rising debt with new policy
Aviation

FCCPC probes six airlines over Christmas airfare hikes

The Federal Competition and Consumer Protection Commission has revealed that six domestic airlines could face sanctions for alleged arbitrary increases in airfares during the Christmas travel period. Executive Vice Chairman of the commission, Tunji Bello, disclosed this during the “Meet the Press” briefing organised by the Presidential Communications Team at the State House in Abuja. […]

Aviation

Airline operators reject FCCPC’s festive season fare hike claim

The Airlines Operators of Nigeria has dismissed allegations by the Federal Competition and Consumer Protection Commission that domestic carriers inflated ticket fares during the December 2025 festive period. AON’s position was conveyed by its spokesperson, Professor Obiora Okonkwo, on Friday in a report by the African Independent Television. The dispute stems from the FCCPC’s interim […]

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FCCPC uncovers price manipulation by domestic airlines in festive season

The Federal Competition and Consumer Protection Commission has uncovered patterns of price manipulation by some domestic airlines during the December 2025 festive season. This has raised fresh concerns about consumer exploitation and competition in Nigeria’s aviation sector, according to an interim review released by the agency on Thursday. The interim report came from the commission’s […]

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FCCPC flags fare hikes by domestic airlines

The Federal Competition and Consumer Protection Commission said it has identified patterns of price manipulation by some domestic airlines during the December 2025 festive season, heightening concerns about consumer exploitation and competition in Nigeria’s aviation sector. In an interim review released on Thursday, the commission said the findings followed an industry-wide investigation launched in January […]

Aviation

FCCPC launches probe into domestic airline ticket pricing

The Federal Competition and Consumer Protection Commission has announced the commencement of an expanded investigation into the pricing templates used by some airlines, which have led to high ticket rates on certain domestic routes. The primary objective of this investigation is to establish possible violations of the law’s provisions. This information was released in a […]

Loan apps: FCCPC to address rising debt with new policy
Policy and Regulations

FCCPC fixes January 5 deadline for digital lenders’ compliance

The Federal Competition and Consumer Protection Commission has set Monday, January 5, 2026, as the deadline for all operators to achieve full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The regulations, which became effective on July 21, 2025, under the Federal Competition and Consumer Protection Act 2018, are designed to […]

Loan apps: FCCPC to address rising debt with new policy
News

Court strikes out FCCPC criminal charge against MTN executives

The Federal High Court in Abuja on Thursday struck out the criminal charge filed by the Federal Competition and Consumer Protection Commission against MTN Nigeria Communications Plc and its top officials. Justice Hauwa Yilwa struck out the suit in a ruling, following an application for the withdrawal of the case by FCCPC’s lawyer, I. O. […]

Business

Loan app registrations hit 492 as N100m penalty looms

The number of officially registered digital lenders, commonly referred to as loan apps, has risen sharply in recent months, reaching 492 in October as more companies sought to avoid a N100 million penalty. This surge follows the Federal Competition and Consumer Protection Commission rolling out new regulations for all digital lenders in Nigeria. Under the […]

Business

FCCPC hails CBN’s 48-hour ATM refund rule for bank customers

The Federal Competition and Consumer Protection Commission has endorsed the Central Bank of Nigeria’s new draft guidelines requiring banks to refund customers for failed Automated Teller Machine transactions within 48 hours. In a statement issued on Monday, the FCCPC’s Director of Corporate Affairs, Mr. Ondaje Ijagwu, said the Commission welcomes the policy, noting that it […]

Business

Banks, Fintechs top consumer complaints list – FCCPC report

Nigeria’s consumer protection watchdog says banks and fintechs remain the leading sources of customer grievances, with over 4,600 complaints filed between March and August 2025. The Federal Competition and Consumer Protection Commission, in a sectoral report released Thursday, said it secured more than N10bn ($6.7m) in refunds for affected consumers during the five-month period. The […]

Loan apps: FCCPC to address rising debt with new policy
Business

FCCPC recovers N10bn for consumers from banks, fintechs, others

The Federal Competition and Consumer Protection Commission has announced the total recoveries of N10 billion for aggrieved consumers following complaints against banks, fintechs, and others. This was disclosed in a statement signed by Ondaje Ijagwu, FCCPC, Director, Corporate Affairs, on Thursday. The development follows updated data on consumer complaints received and resolved across key sectors […]

Oil and Gas

FCCPC, NMDPRA pledge to protect consumers in petroleum sector

The Federal Competition and Consumer Protection Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have committed to safeguarding consumer interests in the petroleum sector. The pledge was made during a courtesy visit on Thursday, when FCCPC CEO Tunji Bello received NMDPRA CEO Farouk Ahmed, the commission said in a statement. During the meeting, […]

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