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05 What it repealed / replaced
More in Banking & Finance
Back to the register All Acts signed by Buhari