UN Trade Holds Competition and Consumer Protection Conference in July

“In a statement on Friday, UNCTAD said that the conference series, held every five years, is the world’s highest-level multilateral meeting on competition and consumer protection.” The 9th edition of the United Nations Conference on Competition and Consumer Protection is set for 7-11 July in Geneva, convening national governments, antitrust and consumer authorities, legal experts,…

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BREAKING: FCCPC Makes U-turn on Price Control

The Federal Competition and Consumer Protection Commission (FCCPC), on Tuesday, reacted to the negative criticism by the Organised Private Sector and other interested parties regarding its recent directive to businesses to cease price gouging, price fixing, and other exploitative practices. “Price control is entirely outside the scope of our responsibilities.” In a statement on its…

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Coca-Cola, NBC Under FCCPC’s Surveillance for 24 Months

The Federal Competition and Consumer Protection Commission (FCCPC) has subjected Coca-Cola Nigeria Limited (Coca-Cola) and the Nigerian Bottling Company Limited (NBC) regulatory supervision for a period of 24 months. FCCPC, in a statement on Thursday, said the companies have been carrying out unfair tactics, thereby “misleading consumers”. The companies are yet to responded to the allegations…

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Regulators Overlapping Functions Affecting Manufacturers

▪︎Image of the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite. Credit: X On June 28, 2024,  the Acting Executive Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, led the Commission’s investigators to storm three steel manufacturing firms in Ogun State to investigate an allegation of manufacturing of sub-standard…

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FCCPC: New CEO is Olatunji Bello

Olatunji Bello- a lawyer, administrator, and renowned journalist, is now the chief executive officer (CEO) and executive vice-chairman (EVC) of the Federal Competition and Consumer Protection Commission (FCCPC). Bello’s appointment by President Bola Tinubu, was conveyed in a statement by Ajuri Ngelale, Special Adviser to the president, media and publicity. Ngelale said that Bello”s appointment comes six…

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