National Economy
Tuesday, September 30, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Companies & Markets

Abuja Chinese Supermarket Sold In Yen, Discriminated Against Nigerians—FCCPC 

by `
1 year ago
in Companies & Markets, News
Reading Time: 2 mins read
fccpc
Share on FacebookShare on TwitterShare on Telegram

You May Like

Nigeria’s Arms Imports Surge 129% To ₦26.9bn In H1 2025

PenCom Approves New Fee Structure For Pension Agents

The acting executive vice chairman of the Federal Competition and Consumer Protection Commission (FCCPC),
Dr. Adamu Abdullahi,
has confirmed that the Abuja Chinese supermarket, which was last week sealed for discriminating against Nigerians , priced all its products in Chinese yen instead of Nigerian naira.
Abdullahi revealed this in a recent interview with Channels TV in Abuja, published on the agency’s YouTube channel on Sunday.
The commission sealed the Abuja-based Chinese supermarket located within the China General Chamber of Commerce following accusations of discriminatory practices against Nigerians.
Abdullahi stated that one of the discoveries made in the supermarket was that all pricing was done in yen, which violates Nigerian law.
He also noted that the allegations of discrimination were confirmed as the supermarket only allowed Chinese residents in the estate to enter, excluding Nigerians.
“The discovery was significant when our officials visited the supermarket. All the products were labeled in yen, the only currency accepted. This is against Nigerian law. You cannot sell products in foreign currency; everything sold in Nigeria should be in Nigerian currency.
“We also confirmed that they only allowed Chinese people into the supermarket.
“We have instructed the owner to put up a notice stating that everyone can enter the supermarket and shop. We are discussing with her to rectify the situation,” Abdullahi said.
Speaking further, the FCCPC boss said there will be consequences for such discriminatory practices against Nigerians.
He said the commission would not only sanction the supermarket but also ensure that 10 per cent of the turnover from the company’s sales last year would be forfeited as part of the fine imposed on it.
According to him, such behavior leads to consequences, and the commission will ensure that they apply “the full wrath of the law.”
“At the same time, we are also discussing sanctions because a wrong has been done and bad behaviors lead to consequences. We look at our laws see what the consequences are, and then apply the full wrath of the law.
“There will be fines and then 10 per cent turnover from the company’s last year’s sales,” he added.
Tags: Chinese supermarketfccpc
ShareTweetShare
Previous Post

Tinubu Secures $600m Maersk Investment For Nigerian Ports In Saudi

Next Post

Fuel Scarcity Persists Despite Issue Resolved Claims By NNPC

ANOTHER GOOD READ

Nigeria’s Arms Imports Surge 129% To ₦26.9bn In H1 2025
News

Nigeria’s Arms Imports Surge 129% To ₦26.9bn In H1 2025

7 hours ago
PenCom Suspends 7 Mortgage Banks Over Equity Contribution Breach
News

PenCom Approves New Fee Structure For Pension Agents

8 hours ago
FG Mobilises Rescue Operations After Zamfara Mine Collapse
Business

FG Mobilises Rescue Operations After Zamfara Mine Collapse

16 hours ago
Nigeria’s Journey To $1bn Remittance Inflow
News

CBN Says 14 Banks Meet Recapitalisation Requirement Ahead of 2026 Deadline

19 hours ago
Marconi.NG EPC Appoints Unuigbe As Chairman
Companies & Markets

Marconi.NG EPC Appoints Unuigbe As Chairman

19 hours ago
NiDCOM Partners With FirstBank On Banking Services For Diaspora Housing Platform
Companies & Markets

First Bank To Launch Tailored Services For Physically-challenged Customers

19 hours ago
Next Post
Fuel Scarcity Persists Despite Issue Resolved Claims By NNPC

Fuel Scarcity Persists Despite Issue Resolved Claims By NNPC

Most Recent

NELFUND Under Fire For Disbursing Loans To Ex-Students

NELFUND To Close 2024/2025 Loan Applications September 30

September 29, 2025
Nigeria’s Arms Imports Surge 129% To ₦26.9bn In H1 2025

Nigeria’s Arms Imports Surge 129% To ₦26.9bn In H1 2025

September 29, 2025
PenCom Suspends 7 Mortgage Banks Over Equity Contribution Breach

PenCom Approves New Fee Structure For Pension Agents

September 29, 2025

20 Startups Selected For N5m African Islamic Finance Pitch

September 29, 2025
Trade Fair: ACCI Urges Africans To Trade, Invest, Build For Sustainable Economy

Trade Fair: ACCI Urges Africans To Trade, Invest, Build For Sustainable Economy

September 29, 2025
Fuel Consumption Drops 16% To 1.44bn Litres In June

FG Reiterates Commitment To Steady Supply Of Petroleum Products

September 29, 2025
FG Mobilises Rescue Operations After Zamfara Mine Collapse

FG Mobilises Rescue Operations After Zamfara Mine Collapse

September 29, 2025
Coalition Names Matawalle Top Minister for October Security Gains

NICA Backs CAC-SMEDAN Initiative To Empower Entrepreneurs Nationwide

September 29, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy