FCCPC targets retail price fixing amid economic strain

On Monday, the Federal Competition and Consumer Protection Commission (FCCPC) said it is set to engage with market leaders and stakeholders across Nigeria to address exploitative pricing practices in the retail sector.

The initiative comes as Nigerians grapple with inflation, exacerbated by soaring food prices and persistent economic challenges.

According to a statement by the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, the commission has observed that prices for consumer goods, particularly in the retail sector, are often disproportionate.