Is monopoly illegal in Nigeria?
The Act, which is applicable to all undertakings and all commercial activities within, or having effect in Nigeria, seeks to prohibit restrictive business practices which prevent, restricts or distorts competition or constitutes an abuse of a dominant position of market power in Nigeria..
What is an anti competitive law?
Anti-competitive practices are business or government practices that prevent or reduce competition in a market.
Antitrust laws ensure businesses do not engage in competitive practices that harm other, usually smaller, businesses or consumers..
What is anti monopoly law in Nigeria?
The Federal Competition and Consumer Protection Act ("FCCPA"), 2018 is generally the primary legislation for the regulation of competition and protection of consumers in Nigeria.Sep 19, 2022.
What is competition law in Nigeria?
Competition rules in Nigeria are made to promote healthy competition in Nigerian markets at all levels, by eliminating monopolies, prohibiting the abuse of a dominant market position and penalizing other restrictive trade and business practices..
What is the anti competition law in Nigeria?
The Federal Competition and Consumer Protection Act ("FCCPA"), 2018 is generally the primary legislation for the regulation of competition and protection of consumers in Nigeria.Sep 19, 2022.
What is the Competition Act in Nigeria?
The FCCPA established the Federal Competition and Consumer Protection Commission (“FCCPC”) and the Competition and Consumer Protection Tribunal ("CCPT") for the development and promotion of fair, efficient and competitive markets in the Nigerian economy to facilitate access by all citizens to safe products and secure .
What is the competition policy in Nigeria?
Competition rules in Nigeria are made to promote healthy competition in Nigerian markets at all levels, by eliminating monopolies, prohibiting the abuse of a dominant market position and penalizing other restrictive trade and business practices..
What is the competition policy in Nigeria?
Competition rules in Nigeria are made to promote healthy competition in Nigerian markets at all levels, by eliminating monopolies, prohibiting the abuse of a dominant market position and penalizing other restrictive trade and business practices.Feb 8, 2022.
What is the competition regulation in Nigeria?
The Federal Competition and Consumer Protection Act ("FCCPA"), 2018 is generally the primary legislation for the regulation of competition and protection of consumers in Nigeria.Sep 19, 2022.
- The Act, which is applicable to all undertakings and all commercial activities within, or having effect in Nigeria, seeks to prohibit restrictive business practices which prevent, restricts or distorts competition or constitutes an abuse of a dominant position of market power in Nigeria.
