latest
FCCPC Investigates Five Airlines Over Alleged Christmas Price Fixing.
The Federal Competition and Consumer Protection Commission (FCCPC) has warned that it could take action against five domestic airlines for allegedly inflating ticket prices during the 2025 Christmas and New Year travel period.....KINDLY READ THE FULL STORY HERE▶
The move comes after numerous complaints from travellers who paid far higher fares than usual during the festive season.
Tunji Bello, Executive Vice Chairman and CEO of the FCCPC, disclosed this while briefing State House correspondents at the Presidential Villa on Thursday. He explained that the commission launched an investigation following reports of steep price increases on several domestic routes.
“Ticket prices that normally ranged between ₦45,000 and ₦50,000 suddenly surged to between ₦400,000 and ₦670,000 during the Christmas period,” Bello said. “Our investigation indicates there may have been a coordinated price-fixing mechanism.”
He added that the FCCPC is reviewing possible enforcement actions, including the option of requiring airlines to refund passengers who paid inflated fares.
An interim report released two weeks ago revealed that fares during the December 2025 peak travel period were significantly higher than those in January 2026, despite stable fuel costs, regulatory charges, and exchange rates. On some routes, the difference between peak and off-peak prices ranged from ₦405,000 to ₦650,000 per passenger.
Bello emphasized that while seasonal demand and operational factors can affect ticket pricing, the commission is examining whether these practices violated the Federal Competition and Consumer Protection Act on anti-competitive agreements and price fixing. “Consumer rights must be respected, as guaranteed under the FCCPA,” he stated.
FCCPC Also Reviewing Foreign Airlines
Bello noted that the commission is also assessing the pricing practices of foreign airlines operating into Nigeria. He said the FCCPC collaborates with other regulatory agencies, including NAFDAC, SON, NCC, and NERC, to enforce consumer protection and competition laws across sectors.
Louis Odion, FCCPC Executive Commissioner for Operations, clarified that the agency does not control prices directly. “We are not a price control body, but we ensure consumers are not exploited through unfair pricing practices,” he said, adding that monitoring across sectors would continue.
latest
Ex-Senator Marafa Dumps ADC For NDC Three Weeks After Defection
Former Senator representing Zamfara Central, Kabiru Marafa, has left the African Democratic Congress (ADC) and joined the Nigeria Democratic Congress (NDC).....KINDLY READ THE FULL STORY HERE▶
latest
Champions League: PSG Beat Bayern In Nine-Goal Semi-final Thriller.
Khvicha Kvaratskhelia and Ousmane Dembélé both scored twice as Paris Saint-Germain edged Bayern Munich 5–4 in a dramatic first-leg UEFA Champions League semi-final clash on Tuesday, marking the highest-scoring semi-final match in the competition’s history.....KINDLY READ THE FULL STORY HERE▶
latest
2027: Osifo Speaks On Alleged Presidential Sponsorship By Tinubu.
An aspirant for the 2027 presidential ticket of the All Progressives Congress (APC), Stanley Osifo, has dismissed claims that President Bola Tinubu is backing his ambition to create the appearance of competition within the party’s presidential race.....KINDLY READ THE FULL STORY HERE▶
-
latest8 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
