Federal Competition and Consumer Protection Commission (FCCPC) is set to sign a memorandum of understanding (MoU) with supermarket owners
The Federal Competition and Consumer Protection Commission is set to sign a memorandum of understanding with supermarket owners under the aegis of Retail Council of Nigeria and National Association of Supermarket Operators of Nigeria to ensure price transparency.
He stated: “The concerns we have with the retail business, especially the formal sector, is this issue of price display on products. This has been a major concern for us. In his remark, a trustee of RCN/NASON, Mr. Haresh Keswani, who is also the Group Managing Director of SPAR Nigeria, said the retailers should not be blamed for price volatility.
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