National Economy
Saturday, June 28, 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

Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia

Firm Launches New Sun Protection Product To Champion Skin Health

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

Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia
News

Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia

5 days ago
Firm Launches New Sun Protection Product To Champion Skin Health
Companies & Markets

Firm Launches New Sun Protection Product To Champion Skin Health

5 days ago
Mouka Promises To Build Community Of Thriving Business Owners
Companies & Markets

Mouka Promises To Build Community Of Thriving Business Owners

5 days ago
Gas Distributors Strengthen Value Chain As FG Decries 30% Market Utilisation
News

Gas Distributors Strengthen Value Chain As FG Decries 30% Market Utilisation

5 days ago
‘AI Adoption Will Enhance Digital Literacy, Improves Learning Infrastructure’
News

‘AI Adoption Will Enhance Digital Literacy, Improves Learning Infrastructure’

5 days ago
ASCON To Transform Centre Into Hub Of Tourism-induced Destination
News

ASCON To Transform Centre Into Hub Of Tourism-induced Destination

5 days ago
Next Post
Fuel Scarcity Persists Despite Issue Resolved Claims By NNPC

Fuel Scarcity Persists Despite Issue Resolved Claims By NNPC

Most Recent

Nigeria’s Flag Team Set For Historic African Championship In Egypt

Nigeria’s Flag Team Set For Historic African Championship In Egypt

June 23, 2025
Akwa Ibom Govt  Dissolves Boards Of Akwa United,Others

Akwa Ibom Govt Dissolves Boards Of Akwa United,Others

June 23, 2025
Nwabali, Car Rental Company At Loggerheads After Father’s Funeral

Nwabali, Car Rental Company At Loggerheads After Father’s Funeral

June 23, 2025
Enugu Intensifies Plans For 23rd National Sports Festival

Enugu Intensifies Plans For 23rd National Sports Festival

June 23, 2025
Gaming, Gambling Addiction, A Growing Societal Burden Needing Urgent Attention

Gaming, Gambling Addiction, A Growing Societal Burden Needing Urgent Attention

June 23, 2025
Nigeria’s Aviation Future: Between Domestic Growth And National Pride

Nigeria’s Aviation Future: Between Domestic Growth And National Pride

June 23, 2025
Orijin Electrifies Ojude Oba With Vibrant Celebration Of Culture

Orijin Electrifies Ojude Oba With Vibrant Celebration Of Culture

June 23, 2025
Business Africa Elects NECA DG Into Executive Council

Business Africa Elects NECA DG Into Executive Council

June 23, 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