Tag Archives: FCCPC

Meta Platforms, parent company of WhatsApp, has formally challenged the $220 million fine imposed on it by the Federal Competition and Consumer Protection Commission (FCCPC). The tech giant has listed 22 grounds for appeal, arguing that the commission’s decision was based on flawed reasoning and excessive penalties. Recall, the acting …

Emerging Markets Telecommunication Services Limited, operating under the brand name 9mobile, has been acquired by LH Telecommunication Limited. The deal, which was approved by the Nigerian Communications Commission (NCC) and the Federal Competitionand Consumer Protection Commission (FCCPC), signifies a significant shift in ownership for the struggling telecom operator. A statement …

The Federal Competition and Consumer Protection Commission (FCCPC) is working diligently to ensure fair treatment for all shoppers in Nigeria. This is coming after FCCPC launched an investigation into a Chinese supermarket located within the China General Chamber of Commerce complex following a social media video alleging discrimination against Nigerian …

By Elvis Eromosele Today, everyone is talking about digital loan apps. They have been branded as villains and evil entities. This is not the complete story. Digital loan apps provide a useful financial function. They provide loans. This is an important financial inclusion service. When people talk of financial inclusion, …

…As GoCash, OKash, EasyCredit, Kashkash, Speedy Choice, Easy Moni, Sokoloan Get Shut Down The federal government, on Friday, raided the offices of “illegal” digital loan companies operating in Ikeja, Lagos over alleged consumer rights abuse. The operation was led by the Federal Competition Consumer Protection Commission (FCCPC) in conjunction with …

The Federal Competition and Consumer Protection Commission is currently engaging the Nigerian National Petroleum Company Ltd, the Nigerian Midstream and Downstream Petroleum Regulatory Authority and other players in the industry to mitigate the impact of methanol blended petrol on Nigerians. The Director-General of the FCCPC, Mr Babatunde Irukera, disclosed this …

The National Information Technology Development Agency (NITDA) has entered into a strategic partnership with the Federal Competition and Consumer Protection Commission (FCCPC) to address the increasing rates of data privacy abuse by money lending operators, particularly fintech. This is according to a statement signed by Mrs Hadiza Umar, Head, Corporate …

The Federal Competition and Consumer Protection Commission (FCCPC) has issued a Merger Review (Amended) Regulations, 2021, to govern the notification and review of mergers under Part XII of the FCCPA. This was disclosed in a statement made avaialable to Business Remarks signed by the commission’s Executive Vice Chairman/ Chief Executive, …

In a bid to tackle cross border illegal dealings, the Economic and Financial Crimes Commission, EFCC, the Federal Competition and Consumer Protection Commission, FCCPC, and the United States Federal Trade Commission, FTC, have signed an upgraded Memorandum of Understanding, MoU. ALSO READ: Rice Millers to Shut Down Plants over Looting …

JUMIA Nigeria has delisted 390 products belonging to 168 sellers of hand sanitisers and face masks from its platform, following a warning issued by FCCPC to sellers engaged in price gouging & arbitrary increases in prices of protective & hygiene products in the wake of the recent outbreak of Coronavirus. …