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 […]
… orders firm to submit audited financial statement The Competition and Consumer Protection (CCPC) Tribunal sitting in Abuja on Tuesday refused to grant the prayers of a complainant over the recent hike of pay TV subscription rates by MultiChoice, the operator of DStv and Gotv, in the country. The three-member tribunal, headed by Mr […]
…….As NUPRC counters President Buhari’s order on deal Less than 24 hours after Seplat Energy Plc announced that President Muhammadu Buhari had approved its cash acquisition of the share capital of Mobil Producing Nigeria Unlimited (MPNU), emerging developments at the highest level of government have indicated that the purported approval may not have passed through […]
The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday announced the freezing of not less than 30 bank accounts over illegal practices. The sanction came barely a week after it ordered several illegal loan providers in the country to stop all abuses that had been noted to characterize their operations. The Executive Vice Chairman […]
The Federal Competition and Consumer Protection Commission (FCCPC) has opened discussions with MultiChoice Nigeria over its increase of subscription prices for users of the DStv and GOtv packages. The Executive Vice Chairman of the commission, Mr. Babatunde Irukera, was quoted by the News Agency of Nigeria, as confirming the discussions with the pay TV services […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has banned the registration of alcohol drinks in sachets, small volume PET and glass bottles below 200ml. A statement signed by the agency’s Director General, Prof Mojisola Adeyeye, on the ban indicated that “the registration of new alcoholic drinks in sachets and small volume […]
Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has promised the Bureau’s commitment to ensuring healthy competition among investors in public enterprises in the country and consumers’ rights protection at all times. Okoh, made this known when the Management team of the Federal Competition and Consumer Protection Commission (FCCPC), led by […]
Ketron Investment Limited, a subsidiary of Persianas Investment Limited, has acquired Shoprite Nigeria from the Retail Supermarkets Nigeria Limited (RSNL) following several months of negotiations after the Shoprite International had indicated its plan to divest from the retails company. The divestment by Shoprite International, which had secured the approval of the Federal Competition and Consumer […]