The Federal Competition and Consumer Protection Commission (FCCPC) on Monday expressed support for the decision of the Nigerian Electricity Regulatory Commission (NERC) taken against 11 Electricity Distribution Companies (DisCos) for estimated bills capping non-compliance, calling for stricter penalties against DisCos. The NERC had last week imposed a N6 billion penalty on the 11 DisCos over […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has commenced the enforcement of its ban on alcoholic beverages produced in sachets of less than 200ml effective from February 1, 2024 The agency hinged its latest action on the fact that the deadline set for manufacturers to cease production of the drinks in sachets […]
President Bola Tinubu on Monday removed the Executive Vice Chairman/CEO of the Federal Competition and Consumer Protection Commission (FCCPC), Mr. Babatunde Irukera, and the Director-General of the Bureau of Public Enterprises (BPE) from officer with immediate effect. The Special Adviser to the President (Media & Publicity), Chief Ajuri Ngelale, stated that the removal of the […]
….As FCCPC Puts 55 Operators Under Watch Statistical data from the Federal Competition and Consumer Protection Commission (FCCPC) showed that the number of companies with full approval to operate as digital money lenders (DMLs), also known as loan apps, in the country had increased to 161 as at the end of August this year. According […]
The Federal Competition and Consumer Protection Commission (FCCPC) has issued an order asking Google to immediately delete Swiftcash and 17 other loan apps from the Play store. The Commission’s Chief Executive Officer, Mr. Babatunde Irukera, in a statement on Wednesday, said that the commission just observed that the apps had been operating on the Google […]
The Federal Competition and Consumer Protection Commission (FCCPC) has commended the National Association of Nigeria Travel Agencies (NANTA) for its contributions to the nation’s aviation sector growth and charged the leadership of the group to tap into emerging opportunities in the sector to improve the members’ earnings with the attendant positive implications for the travel […]
Google LLC has introduced a new policy banning loan apps from accessing photos and contacts of users as part of its drives to protect the privacy of users globally. The new policy, which will complement its earlier issued requirements for loan apps in Nigeria such as the submission of an approval document, is scheduled for […]
The Federal Competition and Consumer Protection Commission (FCCPC) has published a list of 173 companies that sailed through its approval processes to operate as digital money lenders, also known as loan app vendors, in the country. The announcement of the successful firms by the commission came barely after the registration timeline, which closed last Monday, […]
The National Association of Nigeria Travel Agencies (NANTA) has approached the Federal Competition and Consumer Protection Commission (FCCPC) for immediate intervention in the lingering complaints over the high fares being charged by foreign carriers and the closing of lower inventories to travel agents by the airlines. The association’s President, Mrs. Susan Akporiaye, led a team […]
The Federal Competition and Consumer Protection Commission (FCCPC) has projected to generate N14.3 billion revenue in the 2023 fiscal year. The commission’s Director General, Mr. Babatunde Irukera, made this projection Monday during a public hearing on the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) organized by the House of Representatives Committee on Finance in […]