Tag: FCCPC

Court Restricts FCCPC Licensing Powers, Upholds Consumer Protection Role in Telecom Sector

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Court Restricts FCCPC Licensing Powers, Upholds Consumer Protection Role in Telecom Sector

The Federal High Court sitting in Lagos has ruled that the Federal Competition and Consumer Protection Commission (FCCPC) does not have the authority to issue licences to telecommunications operators, reaffirming that such licensing powers rest with the Nigerian Communications Commission (NCC). The judgment, delivered on Monday, clarified the respective regulatory responsibilities of the FCCPC and…

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News

FCCPC Warns Fuel Marketers Against Delaying Petrol Price Cuts, Threatens Enforcement Action

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FCCPC Warns Fuel Marketers Against Delaying Petrol Price Cuts, Threatens Enforcement Action

The Federal Competition and Consumer Protection Commission (FCCPC) has warned petroleum marketers, depot operators and other stakeholders in Nigeria’s downstream oil sector to reflect falling global crude oil prices in pump prices or risk regulatory sanctions. The Commission said its latest market surveillance revealed that although international crude oil prices have dropped significantly, many consumers…

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Consumer Rights, Finance and Economy

FCCPC Debunks Airtime, Data Borrowing Ban Claims, Blames Telecom Operators for Service Disruptions

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FCCPC Debunks Airtime, Data Borrowing Ban Claims, Blames Telecom Operators for Service Disruptions

The Federal Competition and Consumer Protection Commission (FCCPC) has firmly denied widespread claims that it banned airtime borrowing and data advance services in Nigeria, describing such reports as false, misleading, and driven by misinformation. In a statement issued through its Director of Corporate Affairs, Ondaje Ijagwu, the Commission clarified that it never issued any directive…

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News

FG Issues Traders One Month Ultimatum To Crash Prices Or…

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FG Issues Traders One Month Ultimatum To Crash Prices Or…

The Federal Competition and Consumer Protection Commission (FCCPC), has given one-month moratorium to traders and other market stakeholders involved in exploitative pricing to crash the prices of goods. The newly appointed Executive Vice Chairman of the FCCPC, Mr Tunji Bello, said this at a one-day stakeholders engagement on exploitative pricing on Thursday in Abuja. According…

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Trade and Commerce

FCCPC To RegulatePrice Racketeering, Engage Market Associations

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FCCPC To RegulatePrice Racketeering, Engage Market Associations

The Federal Competition and Consumer Protection Commission (FCCPC) has announced plans to engage market leaders and other stakeholders in the supply and distribution chain to address unfair pricing practices amidst rising inflation. This was disclosed in a statement by the Commission’s Executive Vice Chairman/Chief Executive Officer, Tunji Bello on Monday, August 12. The commission claimed…

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Trade and Commerce

Reps Committee Blames FCCPC For High Cement Cost

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Reps Committee Blames FCCPC For High Cement Cost

A House of Representatives committee has blamed the Federal Competition and Consumers Protection Commission (FCCPC) for its inefficiency and failure to curb rising cement prices. The House Committee investigating the arbitrary increase of cement prices in the country blamed the laxity and inefficiency of the Federal Competition and Consumer Protection Commission (FCCPC) for the high…

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Legislation and Legislature

FCCPC Seals Chinese Supermarket Discriminating Nigerians In Abuja

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FCCPC Seals Chinese Supermarket Discriminating Nigerians In Abuja

The Federal Competition and Consumer and Protection Commission (FCCPC), on Monday, sealed up an Abuja-based Chinese supermarket located at the China General Chamber of Commerce. The FCCPC officials had shut the supermarket after a visit on Monday. The commission’s officials sealed up the place after interrogating Nigerian workers at the supermarket. On Sunday, Nigerians on…

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News

Price Racketeering: FG Threatens To Shut Down FMCG Outlets

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Price Racketeering: FG Threatens To Shut Down FMCG Outlets

The Nigerian Government has warned Fast-Moving Consumer Goods (FMCG) outlets nationwide, threatening to shut them down due to deceptive pricing practices amidst increasing economic hardship. The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Adamu Abdullahi, issued a statement on Saturday warning against the rising cost of food. Abdullahi emphasized…

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Finance and Economy, Trade and Commerce