FCCPC uncovers Nigerian supermarket that inflates prices by 500%

FCCPC uncovers Nigerian supermarket that inflates prices by 500% …C0NTINUE READING HERE >>>

The Federal Competition and Consumer Protection Commission, FCCPC, said it has uncovered a popular supermarket in Nigeria that inflates the price of its imported products by 500 percent.

The Vice Chairman of FCCPC, Tunji Bello disclosed this on Thursday at a stakeholders meeting on exploitative pricing held in Abuja.

He explained that a fruit blender called Ninja was displayed on the shelf of a supermarket in Texas United States at $89 (roughly N140,000), and the same product was displayed…

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