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Tag: FCCPC

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FCCPC lament unfair pricing of imported goods by retailers 

The Federal Competition and Consumer Pricing Commission has claimed that excessive pricing of imported goods, mostly among retailers, is the primary cause of consumer goods inflation in the country. This was disclosed in a statement signed by the FCCPC’s Executive Vice Chairman/Chief Executive Officer, Tunji Bello where the commission stated its intention to engage with […]

Meta introduces message summaries to WhatsApp
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WhatsApp, Meta challenge $220m FCCPC penalty

WhatsApp and its parent company, Meta Platforms Incorporated, have formally contested the Federal Competition and Consumer Protection Commission order imposing a $220 million fine, seeking to have the penalty overturned by the Competition and Consumer Protection Tribunal. The appeal outlines 22 reasons why the companies believe the FCCPC’s decision should be invalidated. Earlier, AMBusiness reported […]

Tunji Bello takes over as FCCPC boss
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Tunji Bello takes over as FCCPC boss

A former Lagos Commissioner, Mr. Tunji Bello, officially assumed the role of Chief Executive Officer and Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission on Thursday. Bello’s appointment follows President Bola Tinubu’s recent decision and the Senate’s confirmation earlier this week. He succeeds Adamu Abdullahi, who had been serving in an acting capacity […]

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FCCPC to crack down on loan apps harassing customers

The Federal Competition and Consumer Protection Commission says it’s going to start blocking loan apps that are harassing their customers. Several Nigerians are complaining about the harassment that these loan sharks have caused them, according to The Punch. However, the commission’s acting chairman, Adamu Abdullahi, said the agency has begun to address the issue. ”It […]

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Multichoice blames FX shortage for DStv, GOtv subscription hike — FCCPC

The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission, Dr. Adamu Abdullahi has said that Multichoice, an international Pay Television company has attributed its recent hike in the cost of Subscription for its DStv and GOtv in Nigeria to the inadequate supply of foreign exchange. This disclosure was made by Abdullahi […]

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FCCPC summons owner of Chinese supermarket rejecting Nigerian shoppers

The Federal Competition and Consumer Protection Commission has demanded the presence of the owner of a Chinese supermarket in the Federal Capital Territory over allegations of discrimination against Nigerians. This follows the alleged discrimination against Nigerians on Sunday in a video circulating on social media. This was disclosed in a statement by the FCCPC via […]

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FCCPC shuts Abuja Chinese store for rejecting Nigerian shoppers

The Federal Competition and Consumer Protection Commission has sealed the Abuja-based Chinese supermarket located within the China General Chamber of Commerce in Abuja. This follows the alleged discrimination against Nigerians on Sunday, according to The Punch. The FCCPC officials shut down the supermarket when they arrived at the premises of the supermarket on Monday. After […]

News

FCCPC seals Abuja supermarket over unfair practices

The Federal Competition and Consumer Protection Commission has sealed 4U Supermarket formally known as Amigo Supermarket in Abuja over unscrupulous conduct. In the report, during the enforcement exercise by FCCPC officials in the Federal Capital Territory on Thursday, the supermarket was shut down because of unfair practices allegedly committed by its management, nairametric. FCCPC officials […]

FG's 10-man panel to investigate airlines over fare hike
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FG’s 10-man panel to investigate airlines over fare hike

The Nigeria Civil Aviation Authority’s CEO, Chris Najomo, has appointed a 10-member committee to investigate international airlines over their exorbitant charges in an effort to lower the cost of air travel for Nigerians. The PUNCH stated that, this was revealed in a news release sent to media on Thursday and signed by NCAA Director-General Chris […]

Sacked-FCCPC boss confident employees will fight for fair markets
Business

Sacked-FCCPC boss confident employees will fight for fair markets

A recent and notable achievement was the imposing of a $110 million penalty on British American Tobacco Nigeria for violating the FCCPC Act. The former executive vice chairman of the Federal Competition and Consumer Protection Commission, Babatunde Irukera, stated that he left an outstanding staff at the agency to work for the cause of fair markets. Irukera […]

FG advocates for strict regulation of tobacco industry
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British American Tobacco to pay Nigeria $110m over infringements – FCCPC

The Federal Government said that British American Tobacco, Nigeria Limited and its connected organizations will pay a $110 million penalty for infringements. The Federal Competition and Consumer Protection Commission announced this in a statement shared on its X page on Wednesday, following the Commission’s lengthy infringement against BAT and its associated organizations. For BAT Parties […]

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

The Federal Competition and Consumer Protection Commission announced plans to create a new regulatory framework to address Nigerians’ growing reliance on digital money lenders, often known as loan apps. The Commission’s Chief Executive Officer, Mr. Babatunde Irukera, revealed this on Monday while appearing on a TVC live program. Irukera stated that debt to DMLs has become […]

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