ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, September 16, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    AFN Congratulates Amusan On Silver Medal Victory

    Lionel Messi’s Barcelona Rookie Card Sells For Record $1.5m

    Duplantis Sets New Pole Vault World Record For 14th Time At Tokyo 2025

    World Championships: Amusan Claims Silver In Women’s 100m Hurdles, Opens Team Nigeria’s Medal Count

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    AFN Congratulates Amusan On Silver Medal Victory

    Lionel Messi’s Barcelona Rookie Card Sells For Record $1.5m

    Duplantis Sets New Pole Vault World Record For 14th Time At Tokyo 2025

    World Championships: Amusan Claims Silver In Women’s 100m Hurdles, Opens Team Nigeria’s Medal Count

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FCCPC Begins Supermarkets, Associations’ Advocacy To Discourage Price Fixing

by Jonathan Nda-Isaiah
1 year ago
in Business
FCCPC
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Competition and Consumer Protection Commission (FCCPC), says it will begin market associations’ advocacy in the six geo-political zones of the country.According to the Commission, the move is to discourage cartels, price-fixing and other anti-competitive practices.The acting executive vice chairman of the Commission,

Advertisement

Dr Adamu Abdullahi, said this in an interview with the News Agency of Nigeria in Abuja on Sunday.Abdullahi said the advocacy was geared toward sensitising market associations’ executives and members on what the FCCPC Act said about joint price fixing and the consequences.

He said the Commission had selected at least two supermarkets and two open markets where the advocacy would take place.The acting executive vice chairman said the exercise would take place in Osogbo, Awka, Port-Harcourt, Katsina, Minna, and Bauchi.Abdullahi, who said the Commission had engaged some market executives in Masaka market, Nasarawa State, said they feigned ignorance of some aspect of the FCCPC Act.

”We have notified our officials in the zones.”We have chosen at least two supermarkets for the formal sector and two open markets for the informal sector.

”We want to find out what is going on in those markets, they will report back to us and talk to the market associations and start advocacy on the issue of associations.

Related News

Livestock Minister Targets Jobs, Food Security

37 minutes ago

Schneider Electric Unveils All-in-one Electrical Safety, Connectivity Product

17 hours ago

”That way, people will know that there is a government agency whose eyes are on them.

”This first time will be an advocacy but by the time we come back, it will be an enforcement, bad behaviours have consequences and we will impose sanctions” he said.The acting executive vice chairman, called on the public to report any anti-competitive practices noticed in the markets to the Commission to take adequate actions.

”Let the public know that once there is an expired product in a supermarket or open market, they should let us know so that we can go and evacuate them.

”Our penalties are hefty because in the case of the supermarkets, the formal markets, we can sanction up to 10 per cent of their turnover for the year.”Also, every director of that company pays a N10 million fine if we find you culpable of anything against our Act,” he said.

 

Join Our WhatsApp Channel

Tags: FCCPC
SendShare10172Tweet6358Share

Other News Updates

Agriculture

Livestock Minister Targets Jobs, Food Security

2025/09/16
Business

Schneider Electric Unveils All-in-one Electrical Safety, Connectivity Product

2025/09/15
Business

Green Energy’s $400m Indigenous Terminal Ends 50-year Reliance On Foreign-built Export Infrastructure

2025/09/15
Business

Dangote Urges Prioritisation Of Food Security In Africa

2025/09/15
Business

Illegal Mining: Alake Hails Ansaru Leader’s Conviction

2025/09/15
Business

NCAA Launches Campaign Against Unruly Passengers At Airports

2025/09/15
Leadership Conference advertisement

LATEST

2027: Ebonyi Rep Asks APC To Field Popular Candidates

Police Rescue Hypnotised Kidnap Victim Abducted In Niger

3 Suspected Fraudsters Nabbed In Akwa Ibom

We’re Doing Everything To Free Abducted Ex-lawmaker – Imo Commissioner

Expert Emphasises Benefits Of Celebrating Culture

Agreement On Wage Increase Needs To Be Reviewed – Labour Leaders

VC: Babcock Varsity Faults Sex Scandal Allegations Against Candidate

High Poverty Rate In Nigeria Condemned

Saro-Wiwa: Groups Renew Demand For Justice

Loan: Oyo APC Accuses Makinde’s Loyalists Of Plot To Victimise Lawmaker

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.