says it will monitor and investigate price hikes in the markets to protect consumers from exploitation.
He said FCCPC operatives have been directed to intensify surveillance in all markets where businesses may be taking advantage of market conditions by unfairly increasing prices and to enhance enforcement measures.“Despite the recent appreciation of the naira against the dollar, consumers continue to face escalating costs without a corresponding decrease in prices,” Abdullahi said.
“This includes monitoring and investigating unusual price hikes, addressing complaints filed by consumers, and taking action against any businesses found to be engaging in anti-competitive practices such as price-fixing, price gouging or cartel formation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FCCPC Urges Nigerians to Report Arbitrary Price HikesThe Federal Competition and Consumer Protection Commission (FCCPC) calls on Nigerians to report any arbitrary price hikes and warns businesses engaging in price fixing of potential actions. The FCCPC emphasizes the impact of such practices on consumers' well-being and economic stability and urges citizens to report them. The commission vows to invoke relevant laws against perpetrators of unfair trade practices.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Naira appreciation: FCCPC vows to monitor, investigate price hikeThe Federal Competition and Consumer Protection Commission (FCCPC) has resolved to monitor and investigate unusual hikes in prices of goods and services. Ag. Executive Vice Chairman/Chief Executive Officer, Dr.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
FCCPC Urges NERC to Mandate Distribution Companies to Meter Unmetered CustomersThe Federal Competition and Consumer Protection Commission (FCCPC) has requested the Nigerian Electricity Regulatory Commission (NERC) to enforce the metering of unmetered Band A customers, cap estimated bills, and ensure compliance with daily supply requirements.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
FCCPC discovers deceptive weight on bags of rice in Abuja storesFCCPC has announced that it has busted a deceptive claim about the weight of a bag of rice at the Garki Modern Market in Abuja.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
FCCPC: Rice traders exploiting consumers through false weight claimsNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »
FCCPC speaks on discriminatory incident at KFC outlet in Lagos AirportThe Commission urged consumers who have faced similar discriminatory practices to come forward and report them through designated channels.
Source: PremiumTimesng - 🏆 3. / 78 Read more »