FCCPC Knocks Hoarders for Driving up Food Inflation The Federal Competition and Consumer Protection Commission has blamed hoarders for the escalating food prices in the country. According to the FCCPC Chief Executive Officer, Tunji Bello, some unscrupulous produce merchants are stockpiling newly harvested grains, causing artificial...

Animating the Spirit of Consumer Protection and Responsibility in Nigeria By Tolu Ogunlesi A look at recent actions from federal regulators in Nigeria suggests that the country is entering a promising new chapter in the area of consumer protection. In 2023, the Nigerian Electricity Regulatory Commission (NERC)...

Nigerians Loan on Lending Apps Rise N7.5trn in 2024 - Report The Central Bank of Nigeria says the number of approved digital lenders in the country has surged by 79.77 percent since April 2023, reflecting the rising credit appetite among Nigerians. This, the apex bank revealed...

Price Hikes or Price Gouging? By Sola Salako-Ajulo Inflation is an economic reality that affects every sector, and in Nigeria, its impact has been particularly severe in recent months. The removal of subsidies on petroleum products, combined with volatile exchange rates, has led to a significant...

Why FCCPC Should Not Ask Traders to Crash Prices – CPPE The Centre for the Promotion of Private Enterprise (CPPE) has advised the Federal Competition and Consumer Protection Commission (FCCPC) to avoid controlling the prices of goods. On Thursday, FCCPC gave businesses a one-month ultimatum to...

FCCPC Gives Traders One Month to Crash Prices 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,...