The Nigerian Bottling Company Limited (NBC) has admitted to the Competition and Consumer Protection Tribunal that the mislabeling of the zero-sugar variant of Limca Lime-Lemon was caused by a production error at its Abuja factory. The company confirmed to the Federal Competition and Consumer Protection Commission (FCCPC) that the mislabeling was accidental, not deliberate. NBC … Read more
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a warning to Air Peace, cautioning the airline against obstructing its ongoing investigation into potential violations of consumer rights, including exploitative ticket pricing and unfair practices. The inquiry, prompted by numerous complaints from passengers, addresses concerns regarding high fares, flight cancellations, and inadequate compensation. EDITOR’S … Read more
About three million electricity customers in Nigeria risk falling into estimated billing or experiencing power outages for failing to upgrade their prepaid meters, following the expiration of a government policy deadline on November 24, 2024. Reports indicate that nearly half of the 5.9 million metered consumers are affected. EDITOR’S PICKS Japa: Russia Opens Doors to … Read more
The Federal Competition and Consumer Protection Commission (FCCPC) has denied claims that it plans to regulate food and goods prices in Nigeria. The commission clarified that its role is not to control prices but to ensure fair market practices. This statement followed concerns from the Organised Private Sector and stakeholders about the FCCPC’s recent directive … Read more
The NCC has introduced new guidelines limiting telecom operators to seven tariff plans and 100 bundles to enhance transparency and consumer understanding. EKO HOT BLOG reports that the Nigerian Communications Commission (NCC) has introduced new tariff guidelines for telecom operators to enhance transparency, improve consumer understanding, and foster fair competition. EDITOR’S PICK FG To Repatriate 250 … Read more
President Tinubu has appointed Olatunji Bello as the new CEO and Executive Vice-Chairman of the FCCPC, subject to Senate confirmation. Eko Hot Blog reports that President Bola Tinubu has approved the appointment of Mr. Olatunji Bello as the new Chief Executive Officer and Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending … Read more
A British Airways flight was delayed at the Murtala Muhammed Airport in Lagos due to a technical fault, leaving many passengers in a state of confusion. The flight, which was scheduled to depart for London at 10:50 pm on Wednesday, June 19, was eventually canceled after 1:00 am. EDITOR’S PICK 12 Internet Fraudsters Suffer Jail … Read more
Reps warned the Cement Manufacturers Association of Nigeria (CMAN) over arbitrary cement price increases. Gaza Gbwefi, chairman of the committee, accused CMAN of using frivolous court injunctions to hinder the investigation. Gbwefi also criticized the FCCPC CEO for inadequate consumer protection. the House of Representatives has issued a stern warning to the Cement Manufacturers Association … Read more
The U.S. House passes TICKET Act to increase price transparency and fairness in ticketing industry. Bill requires sellers to list total costs, disclose speculative tickets, and prohibits deceptive websites. Advocacy groups and artists support legislation, urging Senate to pass similar bill for comprehensive ticket reform. EKO HOT BLOG reports that the U.S. house of representatives … Read more
Dave and Buster’s faces backlash over plans for customer betting on arcade games. Illinois State Rep. Daniel Didech leads bipartisan efforts to ban the activity. Concerns arise over potential risks and lack of regulatory oversight. EKO HOT BLOG reports that Dave and Buster’s, a popular arcade chain, is facing criticism over its plan to introduce … Read more
FCCPC launches enforcement exercise targeting supermarkets nationwide to combat abnormal price surges. Unannounced inspections aim to address consumer concerns about rising food costs despite the strengthening naira. Presidency directs consumer protection agencies to ensure local prices reflect the increasing value of the national currency. EKO HOT BLOG reports that the Federal Competition and Consumer Protection Commission … Read more
FCCPC warns businesses against unjustified price hikes. Price gouging and manipulating supply to inflate prices are illegal in Nigeria. Nigerians are urged to report unfair trade practices to FCCPC with details for investigation. EKO HOT BLOG reports that the Federal Competition and Consumer Protection Commission (FCCPC) is urging Nigerians to report any cases of unjustified price … Read more
Experts foresee mid-year price drop, offering hope amid high living costs. Calls for CBN to lower dollar rate and consumer protection efforts aim to ease financial burdens. Optimism rises with planting season and government initiatives, hinting at lower commodity prices. EKO HOT BLOG reports that as the Nigerian economy navigates through various challenges, experts foresee a … Read more
The Senate President sternly warned MultiChoice not to dare the Federal Government Lawan advised the company not to increase the tariff while the matter is being investigated EDITOR’S PICK Rejection Of UTAS Will Prolong Strike Action – ASUU Osun 2022: Oyetola, Adeleke Makes INEC 15-man Final List PDP Primaries: Atiku Part Of Our Consensus Arrangement … Read more