FCCPC – Page 3 of 3 – Prime Business Africa

New PoS Charges: PoS Operators Risk N10m Fine, Imprisonment

Point of Sale (PoS) operators risk N1 million to N10 million fine, as well as three months imprisonment should they collectively increase the price of their transactions. This was disclosed in a statement by the Executive Vice Chairman and Chief Executive Officer

July 24, 2023

Tinubu Sets Up Committee To Tackle Flood Crisis

Business

FG To Prosecute Traders Increasing Food Prices

The Federal Competition and Consumer Protection Commission (FCCPC), an agency of the Federal Government, has warned trade associations against hiking food prices. FCCPC made the warning after the National Bureau of Statistics (NBS) reported that food inflation hit 25.25 per cent in

July 19, 2023

FCCPC) has approved an additional 211 digital money lenders, known as loan apps, marking an increase from 161 fully approved companies in September.

Business

FCCPC To Probe Loan Apps, As Lenders Resume Customer Harassment

Loan apps in Nigeria risk another clampdown on their operations by the Federal Competition and Consumer Protection Commission (FCCPC), as they devise new ways to engage customers. Digital lending companies have been in the news lately over their harassment of debtors, a

July 10, 2023

Business

FCCPC To Investigate, Penalise POS Agents, Says POS Service Price Increase Illegal

The Federal Competition and Consumer Protection Commission (FCCPC) has revealed that it is illegal for Point of Sale (POS) agents to jointly agree on fixing prices for their services. In a statement on Wednesday, 6 June, FCCPC’s executive vice-chairman and Chief Executive

July 6, 2023

Jigawa Residents Spent More On Petrol In June

Business·Oil & Gas

Local Production Of Petrol Can Save Nigeria $21bn Of FX – IPMAN

As the crisis of petrol supply rages due to dependency on import, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has asserted that Nigeria can save about $21 billion of Foreign Exchange (FX) in a year if the products are refined locally.

June 2, 2023

Multichoice Hikes DSTV Subscription Fee To N21k, Cites Inflation

Business

Multichoice, DSTV Directors Risk Jail Term, Firm Fined, Amid Price Hike Lawsuit

Directors of MultiChoice Nigeria Limited risk jail term over contempt of court, after raising subscription price for its payment cable tv packages for DSTV and GOTV against trinunal’s order. Legal practitioner, Festus Onifade, on behalf of himself and the Nigerian consumers, had

July 22, 2022

News·Oil & Gas·Transport

Worries Over Planned Monday Aviation Shutdown

The Federal Competition and Consumer Protection Commission (FCCPC) has acknowledged the planned suspension of airline operations by the Airline Operators of Nigeria (AON) over the rising cost of jet fuel reports Prime Business Africa.

May 7, 2022

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FCCPC - Page 3

New PoS Charges: PoS Operators Risk N10m Fine, Imprisonment

FG To Prosecute Traders Increasing Food Prices

FCCPC To Probe Loan Apps, As Lenders Resume Customer Harassment

FCCPC To Investigate, Penalise POS Agents, Says POS Service Price Increase Illegal

Local Production Of Petrol Can Save Nigeria $21bn Of FX – IPMAN

Multichoice, DSTV Directors Risk Jail Term, Firm Fined, Amid Price Hike Lawsuit

Worries Over Planned Monday Aviation Shutdown

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