The Federal Competition and Consumer Protection Commission (FCCPC) has refuted claims that it plans to regulate the prices of food items and other commodities in Nigeria, emphasizing that its recent directives are aimed solely at curbing exploitative practices and maintaining a competitive market. This clarification came in a statement issued on Tuesday by Ondaje Ijagwu, […]
Tag: FCCPC
Fed Govt Gives Traders One-Month Ultimatum to Reduce Prices
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a one-month deadline for traders and market stakeholders engaged in exploitative pricing to lower the costs of goods. This directive was announced by the newly appointed Executive Vice Chairman of the FCCPC, Mr. Tunji Bello, during a one-day stakeholders’ engagement on exploitative pricing held on […]
BREAKING: Nigeria Imposes $220m Fine on Meta for Data, Consumer Violations
The Federal Competition and Consumer Protection Commission (FCCPC) has imposed a $220 million fine on Meta Platforms Inc. for violating data privacy laws. In a statement released on Friday, the FCCPC highlighted that Meta’s data-sharing practices on its Facebook and WhatsApp platforms breached local consumer and data protection regulations. The commission’s investigation revealed that Meta […]
FCCPC Urges Fed Govt to Reopen Borders for Legal Food Imports
The Federal Competition and Consumer Protection Commission (FCCPC) has called on the Federal Government to reopen the country’s borders to facilitate the legitimate importation of food items, aiming to alleviate hunger among Nigerians. This appeal was made during an advocacy meeting with traditional rulers and other stakeholders held at the Emir’s palace in Bauchi. Adamu […]
Feel Free To report Any Price Gouging By Sellers – FCCPC Urges Consumers
BY KHALID IDRIS DOYA, Bauchi The Federal Competition and Consumer Protection Commission (FCCPC) has called on all consumers in Bauchi state to report any form of suspected price gouging by any seller in the state. The acting executive vice chairman of the Commission, Dr Adamu Ahmed Abdullahi, who made this known during a day sensitisation […]
President Tinubu Appoints Bello as CEO/Vice Chairman of FCCPC
President Bola Tinubu has approved the appointment of Olatunji Bello as the Chief Executive Officer and Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending Senate confirmation. According to a statement by Ajuri Ngelale, Special Adviser to the President on Media and Publicity, Bello is a lawyer, administrator, and renowned journalist who […]
BREAKING: Popular Abuja Supermarket Sealed By FG Over Deceptive Pricing
The Federal Competition and Consumer Protection Commission (FCCPC) took action on Friday by sealing Sahad Store, a well-known supermarket located in the Garki area of Abuja. According to the FCCPC, the store was sealed due to its lack of transparency in pricing products. This development follows President Bola Tinubu’s recent announcement of plans to address […]
FG Finally Takes Action Against Online Loan Apps – FCCPC
The federal government of Nigeria has finally taken steps to crackdown online loan apps parading as lenders in Nigeria. The federal government says online loan companies have caused a lot of damages in the country through invasion of people’s privacy, breaching Nigeria’s data laws among others. Federal Competition and Consumer Protection Commission (FCCPC) reports that, […]