Regulatory Framework The Federal Competition and Consumer Protection Act (FCCPA) prohibits restrictive or unfair business practices which prevent, restrict, or distort competition or constitute an abuse of a dominant position or market power in Nigeria.Jan 1, 2022.
What is the consumer law in Nigeria?
CPC is established under Consumer Protection Council Act, Cap 25, 2004 Laws of the Federation of Nigeria, to promote and protect the interest of consumers over all products and services. In a nutshell, it is empowered to; Eliminate hazardous & substandard goods from the market..
CPC is established under Consumer Protection Council Act, Cap 25, 2004 Laws of the Federation of Nigeria, to promote and protect the interest of consumers over all products and services. In a nutshell, it is empowered to; Eliminate hazardous & substandard goods from the market.
It saddled them with the responsibility of promoting competition in the Nigerian market by eliminating monopolies, prohibiting abuse of a dominant position and
The challenges faced by small businesses have resulted in reduced economic growth, reduced national and foreign investments, increased poverty and unemployment in Nigeria. The history of competition law can be traced to the efforts of Roman legislators to control price fluctuations and unfair trade practices.
The Federal Competition and Consumer Protection Act (FCCPA) prohibits restrictive or unfair business practices which prevent, restrict, or distort competition or constitute an abuse of a dominant position or market power in Nigeria.
A) Purpose-Based Restrictive Agreements
According to the Regulations, in determining whether anagreement is purpose-based restrictive, the FCCPC will consider:the content and objectives of the agreement; the actual conduct ofthe parties to the agreement; and the legal and economic context inwhich the agreement is applied. The FCCPC may also consider thesubjective intention of a party to .
B) Effect-Based Restrictive Agreements
In determining whether the effects of an agreement isrestrictive, the FCCPC will consider the actual and potentialeffects of the agreement. In identifying Effect- based restrictiveagreements, the Regulation provides that such agreements: i. should have or be likely to have an appreciable adverseeffect on at least one parameter of competition in the.
How Can A Party to A Contemplated Restrictive Agreementobtain An Exemption?
Parties to a contemplated agreement can apply for an exemptionby submitting an application to the FCCPC for its decision as towhether the agreement is restrictive and including a request forexemption. The applicant will also be required to file a copy ofthe contemplated agreement or a document that provides full detailsof the agreement.
How Can Parties Ensure That Their Contemplated Agreementsare Not Restrictive?
Parties to an agreement that suspect, or are of the opinion thattheir contemplated agreement infringes on the provision of theFCCPA concerning restrictive agreements, are by the Regulationspermitted to apply to the FCCPC for an assessment of thecontemplated agreement. This can be done by submitting anotification to the FCCPC in respect of the agree.
How has the fccpc changed Nigeria's competition and consumer protection regime?
Since the FCCPC was passed into law in January 2019, the regulatory landscape of Nigeria's competition and consumer protection regime has been greatly improved.
Introduction
The Federal Competition and Consumer Protection Act("FCCPA"), 2018 is generally the primarylegislation for the regulation of competition and protection ofconsumers in Nigeria. One of the salient objectives of the FCCPA isto prohibit restrictive or unfair business practices that preventor restrict competition (as captured in Part VIII (Section 59-69.
What Are Restrictive Agreements?
Restrictive Agreements under the FCCPA are agreements thatprevent, restrict or distort competition in any market. This can bedone through price fixing, market allocation, limitation ofproduction/ distribution of goods and services, collusivetendering, and tied selling. Agreements that involve any of theabove activities are by virtue of the FCCPA, g.
What are the main aims of competition law?
Connecting the dots in the legal framewo .. One of the principal aims of competition law is the protection of the consumer from economic exploitation.
What is competition law in Nigeria?
One of the principal aims of competition law is the protection of the consumer from economic exploitation. This the Nigerian government has done through the enactment of the long awaited Federal Competition and Consumer Protection Act 2018 (FCCPA) which is a comprehensive legal framework governing competition issues in Nigeria.
What Is The Criteria For Determining Whether An Agreement Isrestrictive?
An agreement would be deemed restrictive where the purpose ofthe agreement is to restrict competition (purpose-based restrictionof competition) or where the effect of such agreement restrictscompetition (effect-based restriction of competition).
What is the federal Competition & Consumer Protection Act?
President Muhammadu Buhari assented to the Federal Competition and Consumer Protection Act in February 2019. It established the Federal Competition and Consumer Protection Commission, which oversees consumer protection and competition issues in all entities in Nigeria. These include:
commercial and government bodies or agencies.
Scholarship pageant
Miss Nigeria is an annual pageant showcasing positive attributes of Nigerian women, and awarding university scholarships. The winner emerges winner portrays exemplary qualities and serves as a role model for young women in the country. The pageant is currently organised by Daily Times.
Competition law in nigeria
Beauty pageant
The Most Beautiful Girl in Nigeria – often abbreviated as MBGN – is a pageant organised by Silverbird Group with the main purpose of sending representatives to international competitions. Originally known as Miss Universe Nigeria, it was renamed Most Beautiful Girl in Nigeria after news publishers Daily Times lost their license to send delegates from rival contest Miss Nigeria to Miss World. Since 2005, the pageant has produced multiple representatives, but the MBGN World recipient is considered the overall winner. Miss Universe Nigeria was reestablished in 2023, breaking away from MBGN and operating as an entirely different pageant.
The Nigeria national football team represents Nigeria in men'
Men's national association football team representing Nigeria
The Nigeria national football team represents Nigeria in men's international football. Governed by the Nigeria Football Federation (NFF), they are three-time Africa Cup of Nations winners, with their most recent title in 2013. In April 1994, the Nigerian national football team was ranked 5th in the FIFA rankings, the highest FIFA ranking position ever achieved by an African football team. Throughout history, the team has qualified for six of the last eight FIFA World Cups, missing only the 2006 and 2022 editions. They have reached the round of 16 on three occasions. Their first World Cup appearance was the 1994 edition. The team is a member of FIFA and Confederation of African Football (CAF).
