Banking & Finance · In force

Federal Competition and Consumer Protection Act 2018

Nigeria's first comprehensive competition/antitrust and consumer-protection statute.

Signed
2019-02-05
Assented by
Status
In force
01 Background

The FCCPA 2018 established Nigeria's first comprehensive competition and consumer-protection regime. It creates the Federal Competition and Consumer Protection Commission (FCCPC) and a Tribunal, repeals the Consumer Protection Council Act, prohibits price-fixing, abuse of dominance and monopolies, and moves merger review from the SEC to the FCCPC.

02 Key provisions · 4
§ 01
Creates the FCCPC and Competition Tribunal
§ 02
Prohibits price-fixing, abuse of dominance, monopolies
§ 03
Merger review moved from SEC to FCCPC
§ 04
Repeals the Consumer Protection Council Act
03 What changed in practice
→
First antitrust regime in Nigeria
→
FCCPC now polices mergers and consumer rights
04 Who it affects
BusinessesConsumersFCCPCSEC
05 What it repealed / replaced
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