The Act prohibits and voids restrictive agreements between business entities. The description of restrictive arrangements which are likely to prevent, restrict or distort trade is very wide-ranging and includes prohibition of minimum resale prices (even for patented goods), direct or indirect price-fixing, collusive tendering, withholding supply of goods and services from a dealer, exclusionary contractual […]

The Act enables the President to declare price regulations for the purpose of regulating and facilitating competition, by an order published in the Federal Gazette. Such regulations are required to be for a stipulated period and narrowly designed. The Act directs that suppliers of regulated products are required to keep their accounting records for their […]

The Commission’s powers extend to the investigation of monopolies. Where any monopoly is found to exist, the Tribunal’s remedial efforts may include the prohibition of an acquisition transaction, business break-up, forced publication of price lists, etc. Also, the Commission’s oversight over monopolies is not restricted to those arising in Nigeria, if the undertaking is of […]

The power to approve mergers is now granted to the Commission, instead of the Securities and Exchange Commission (“SEC”). As hitherto applicable, the participants to a small merger do not need to notify the Commission, unless the Commission specifically requests that they do so within six months of deal close. The Act also prescribes rules […]

The Act gives the Commission oversight powers in every sector, including presently regulated industries. The Act provides that in the event of any conflict, the Commission would share concurrent oversight with the industry specific regulator. The Act mandates the industry regulators to negotiate agreements with the Commission on how the powers of competition and consumer […]

The Act stipulates offences and stiff penalties against competition such as price-fixing, conspiracy, bid-rigging, obstruction of investigation or inquiry, offences against records, giving of false or misleading information, etc.

City employment issue opportunities are position descriptions are listed.

City employment issue opportunities are position descriptions are listed.

City employment issue opportunities are position descriptions are listed.