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Home Tag Archives: FCCPC (page 2)

Tag Archives: FCCPC

News

FCCPC uncovers cartel inflating 11 goods prices nationwide

By Breezynews
30 October 2024
in :  News
0
74

The Federal Competition and Consumer Protection Commission has sounded the alarm on a ‘cartel’ manipulating market prices nationwide, inflating costs for goods and services despite government stabilisation efforts. Addressing stakeholders during a one-day engagement on exploitative pricing in Uyo, Akwa Ibom State, FCCPC Chief Executive Officer, Mr. Tunji Bello, revealed that the commission’s investigations in major cities have uncovered troubling …

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Opinion

Sophistry as statecraft

By Akaninyene Esiere
16 September 2024
in :  Opinion
0
15

There is an oxymoron in the way we govern ourselves in this clime. While statecraft (the skillful management of state affairs) is noble and has helped many purpose-driven nations to excel, we tend to drift toward sophistry (the use of fallacious arguments especially with the intention to deceive) in the management of state affairs in Nigeria. It did not start …

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Business

Price regulation: NECA worries over FCCPC’s directives

By Breezynews
4 September 2024
in :  Business
0
30

The Nigerian Employers’ Consultative Association (NECA) has expressed concerns over the Federal Competition and Consumer Protection Commission’s (FCCPC) recent focus on pricing regulations, suggesting that the commission’s actions might inadvertently harm the economy, if broader issues affecting market dynamics are ignored. Featuring on a Television Continental business programme, ‘Business Nigeria’, NECA’s Director General, Mr. Adewale Oyerinde expressed displeasure with the …

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Technology

WhatsApp exit threat a move to influence public opinion – FCCPC

By Breezynews
2 August 2024
in :  Technology
0
61

The Federal Competition and Consumer Protection Commission (FCCPC) has described Meta’s threat to exit the country in response to the $220 million fine as a move to influence public opinion and coerce the commission into reevaluating its decision. It affirmed that the ruling to fine Meta Platforms Inc., the parent company of WhatsApp, Facebook, and Instagram, followed legitimate concerns about …

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Technology

Meta’ll appeal $220m fine by FCCPC, says WhatsApp

By Breezynews
21 July 2024
in :  Technology
0
70

WhatsApp has said its parent body, Meta, will be appealing the $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) regarding its violation of Nigeria’s data privacy laws. The organisation, WhatsApp, said this in a statement on Saturday in Lagos. It said: “We disagree with the decision today as well as the fine and Meta will …

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Technology

Nigeria slaps Meta with $220m fine for data, consumer law violations

By Breezynews
20 July 2024
in :  Technology
0
571

Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) on Friday imposed a $220 million fine on Meta platforms for violating data privacy laws. The FCCPC said in a statement that Meta’s data-sharing practices on its Facebook and WhatsApp platforms breached local consumer and data protection regulations. In a statement by its acting Executive Chairman, Adamu Abdullahi, the commission said that …

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News

Tinubu names Tunji Bello CEO consumer protection agency

By Breezynews
24 June 2024
in :  News
0
337

A former Secretary to Lagos State Government, Mr. Olatunji Bello has been appointed Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending confirmation by the Senate. Upon confirmation, Bello, who was also Lagos State Commissioner for the Environment, will replace Mr. Babatunde Irukera. The Senior Advocate of Nigeria was relieved of his appointment in January. …

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Opinion

Wanted: A Ministry of MultiChoice and Government Palliatives

By Ikem Okuhu
30 April 2024
in :  Opinion
0
83

It appears that the federal government is about to upend the Nigerian free market following the ex-parte injunction of a Competition and Consumer Protection Tribunal (CCPT) barring pay TV services provider, MultiChoice from increasing the prices of its bouquet of services. While the ex parte ruling on the matter initiated by a certain Festus Onifade might not be judgement, the ruling …

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News

Chinese supermarket sells products in Yen, says commission

By Breezynews
28 April 2024
in :  News
0
260

The Federal Competition and Consumer Protection Commission (FCCPC) has said that an Abuja-based Chinese supermarket labelled all its products in Yen, the Chinese currency, which is against the law in Nigeria and constitutes a violation of Nigerian law. The commission added that it is still considering appropriate sanctions to be meted out against the owner of the supermarket, Liu Bei, …

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News

FCCPC enforces prices in Abuja supermarkets

By Breezynews
18 April 2024
in :  News
0
98

The Federal Competition and Consumer Protection Commission (FCCPC) has initiated a campaign to enforce price display and quantity compliance at supermarkets throughout Abuja. The Commission started this at 4U Supermarket, Wuse 2 Abuja on Thursday. This move is a direct response to concerns raised by consumers about the rising costs of goods, which go against the recent strengthening of the …

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