News
CPPE Tells FCCPC Stop Intimidation of Traders

▪︎Dr Muda Yusuf, the CEO of CPPE
The Centre for the Promotion of Private Enterprises (CPPE) has charged at the Federal Competition and Consumer Protection Commission [FCCPC], to refrain from further intimidation of the operators in the retail sector of the economy most of whom are micro and small businesses, with many in the informal sector.
Dr Muda Yusuf, the CEO of CPPE, made the call, while reacting to the last week’s threat by the FCCPC to traverse markets across the country with objective of forcing traders, supermarkets owners, market men and women to reduce the prices of essential food items.
Dr Yusuf, told journalists in Lagos, at the weekend : ” The FCCPC appears to be unwittingly transforming into a price control agency rather than a consumer protection commission.
The disproportionate focus of the commission on the retail segment of the economy and pricing issues underscores this assertion.
The core mandate of the commission is the creation of a robust competition framework across sectors and protection of consumer rights and interests.
Consumer protection is not about directly seeking to control price at the retail end of the supply chain.
This is why the CPPE is concerned about the approach, methodology, targeting and the recent threats by the FCCPC to market leaders, traders and supermarket owners.”
The commission seem to be fighting the symptoms rather than dealing with the causes of the current inflationary pressure in the economy.
Even then, the core mandate of the commission is not to fight inflation.
The fiscal and monetary authorities are statutorily responsible for macroeconomic policy issues and are better placed to deal with the challenge of high prices,” he said.
He urges the FCCPC, to have a proper comprehension of the dynamics of pricing and the key drivers of inflation.
” These factors include the naira exchange rate depreciation, high energy cost, high cost of logistics, seasonality of food production, high cost of funds, extortions on the highways, high post-harvest losses, high cargo clearing cost, impact of the insecurity on food production, climate change and global factors disrupting supply chains.
” Our view is that the proposal by the FCCPC is unlikely to yield concrete outcomes. This is not a sustainable strategy.
What we need to fix are the fundamentals driving production, operating and distribution costs which resulted in spiraling inflation in the first place.
The dynamics of pricing and prices in an economy are much more complex and fundamental and do not seem aligned with the comprehension of the FCCPC on the issue. The variables are numerous, multidimensional and dynamic.
It is difficult to make pronouncements on issues profiteering in such circumstances without a rigorous analysis based on data.”
News
JUST IN: FG Declares Two-Day Public Holidays For Eid-El-Fitr

The Federal Government of Nigeria has declared Monday, March 31 and Tuesday, April 1 as public holidays to mark the Eid-el-Fitr celebration.
The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this in a statement on Wednesday by the ministry’s permanent secretary, Magdalene Ajani.
The minister congratulated all Muslims for the successful completion of the fasting in the holy month of Ramadan.
He urged all Muslims to “embrace the virtues of self-discipline, compassion, generosity and peace, emphasising the importance of love, forgiveness, and solidarity in building a harmonious society.”
Tunji-Ojo called on Nigerians to use this festive period to pray for peace, stability, and prosperity of the nation.
He expressed hope that the joyous occasion of Eid-el-Fitr would inspire unity and cooperation across religious and ethnic lines.
“Dr. Tunji-Ojo also encouraged citizens to celebrate safely and responsibly, while remembering the less privileged through acts of kindness and charity, in keeping with the true spirit of Ramadan and Eid.
“On behalf of the Federal Government, he extended heartfelt Eid Mubarak wishes to all Muslim faithful and prayed that the blessings of the season bring happiness, success, and fulfillment to everyone,” the statement read.
News
INEC writes Senator Natasha over recall, reveals next move

The Independent National Electoral Commission, on Wednesday, announced that it has notified the senator representing Kogi State central, Natasha Akpoti-Uduaghan, over a recall process against her.
Sam Olumekun, National Commissioner and Chairman, Information & Voter Education Committee at INEC, disclosed this in a statement on Wednesday.
INEC said it has received additional details containing phone numbers and emails of petitioners who want the recall of the senator Natasha Akpoti-Uduaghan.
The commission further stated that the next step is to scrutinise the details provided by the petitioners of Senator Natasha’s recall.
“Further to the statement issued yesterday, Tuesday 25th March 2025, the Commission hereby confirms that the contact address of representatives of the petitioners, their telephone numbers, and e-mail addresses have now been provided in a letter addressed to the Chairman of the Commission dated today, Wednesday 26th March 2025.“
A letter has been written to notify the Senator sought to be recalled about the receipt of the petition and delivered to her official address.
The same letter has been copied to the presiding officer of the Senate and published on the commission’s website.
The next step is to scrutinise the list of signatories submitted by the petitioners to ascertain that the petition is signed by more than one half (over 50 percent) of the registered voters in the constituency. This will be done in the coming days.
The outcome, which will be made public, shall determine the next step to be taken by the Commission,” the statement reads.
News
Motion to immortalize ex-INEC boss, Humphrey Nwosu shut down amid fireworks in Senate

The Nigerian Senate Wednesday shut down a motion to immortalize the late Prof. Humphrey Nwosu.
Nwosu, as Chairman of the National Electoral Commission, presided over the June 12 1993 election that was annulled by former military dictator, Ibrahim Badamasi Babangida.
The motion which was raised by Senator Enyinnaya Abaribe representing Abia South, was declined during a plenary presided by the Deputy Senate President, Senator Jibrin Barau.
Abaribe rose under Order 41 and 51 which border on personal explanation to draw the attention of the chamber to the need to immortalize the late INEC boss.
The development was contrary to the provision in the Senate Standing Order as the Senate leader, Michael Bamidele Opeyemi contended that the order raised by Abaribe was inappropriate and the plenary had gone beyond the privilege Abaribe would have enjoyed to make senators consider it.
Earlier, the Deputy Senate President declared the point of order as controversial and expressed skepticism of its approval before allowing Abaribe to speak to the order.
Reacting to the Senate Leader’s submission, Senator representing Kebbi North, Yahaya Abubakar Abdullahi insisted that Abaribe should be allowed to speak on the matter despite not getting the order correct.
Abaribe at this point insisted on consideration of his order, while he read a relevant provision of the Standing Order, saying: “In all cases not provided for in the standing order or by the sectional or other orders of practice of the Senate, the Senate shall by resolution, regulate its procedure so even if the Senate leader says that it doesn’t follow by the fact that a Senator wants to make a personal explanation you must give that Senator a chance to make that personal explanation.
“We are not under a dictatorship, Mr President. That is why I’m using Order 1(b) though this is at your discretion.”
Reacting, Barau said: “We are all experienced legislators here. Those who are grounded in our rules and I refer you to Order 42 once again. Order 42, by the indulgence of the Senate and the leave of the President of the Senate, the senator will make a personal explanation as though there is no question before the Senate, but no controversial matter may be brought forward nor may debate arise from the explanation.
“When we came this morning let me be frank, I’m a frank person. When we came this morning you approached me in respect of your desire to bring forward this motion under Order 41 and 51.
You never told me you were bringing it under Order 42 and when it came under Order 41 and 51, it was defeated.
“Now you change your mind to bring it under Order 42. We know we respect you very well. That wasn’t discussed. When the Senate Leader came in, I called him and I said Senator Abaribe is bringing a motion under Order 41 and 51.
And we agreed, normally I have to consult with the leadership, and we agreed that it was going to go forward.
“But, leader, did I tell you that he’s going to bring a motion under Order 42? So you didn’t approach me, you didn’t tell me, and I just want to be transparent and plain.
You didn’t tell me. If you had told me, there’s no way I would have stopped you. If you have told us that you are going to bring this motion under Order 42, we will”
Abaribe insisted that the motion to immortalize late Nwosu wasn’t a controversial one as posited by the Deputy Senate President.
He said: “Mr President, I don’t know what is controversial in immortalizing Humphrey Nwosu on June 12th. What is controversial there? What is our problem? What is controversial? It’s not controversial. Mr. President, just one more time, I will refer to our rules.
”Abaribe’s motion was overruled and he was told to bring it up through a motion on another legislative day.
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