• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Monday, April 27, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home News Business

FCCPC Moves to Sanction Five Airlines for Fare Manipulation

March 12, 2026
in Business
Reading Time: 3 mins read
0
fccpc scaled 1
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

The Federal Competition and Consumer Protection Commission (FCCPC) has reportedly found five airlines guilty of colluding to fix ticket prices during the 2025 Christmas and New Year festive travel period.

The disclosure was made by Sunday Dare, Special Adviser on Media and Public Communication and spokesperson to Bola Ahmed Tinubu, through a post on his official X account on Thursday.

According to Dare, the Executive Vice Chairman of the FCCPC, Tunji Bello, revealed the findings during a State House “Meet the Press” session, where he briefed journalists on the commission’s ongoing investigation into the surge in domestic airfares during the 2025 festive season.

The investigation was launched following widespread public complaints from travellers who reported unusually high ticket prices on several domestic routes during the Christmas and New Year holidays.

In some cases, airfares reportedly rose sharply to between ₦405,000 and ₦600,000, particularly on routes linking major cities to the South-East and South-South regions.

Preliminary findings from the commission suggest that the price increases may not have been entirely driven by market forces. Instead, the FCCPC said it detected patterns indicating possible coordinated pricing behaviour among some airline operators during the peak holiday travel period.

“With its preliminary investigations concluded, the FCCPC is set to sanction about five airlines guilty of colluding to fix prices during the last Christmas/New Year holidays,” Dare quoted Bello as saying during the press briefing.

Although the commission has not yet officially released the names of the airlines involved, officials indicated that regulatory actions may follow once the final report is published. Potential sanctions could include fines or other regulatory penalties, depending on the extent of the violations established.

The commission also hinted that passengers who paid inflated fares during the period under investigation may be eligible for refunds if the allegations of price fixing are confirmed.

The probe forms part of the FCCPC’s broader mandate to protect consumers and ensure fair competition in Nigeria’s marketplace. In February, the commission released an interim report highlighting unusual pricing trends during the December 2025 holiday period.

According to Ondaje Ijagwu, the interim analysis compared ticket prices recorded in December 2025 with fares observed in January 2026 after the peak travel season had subsided.

The report noted that while seasonal demand typically drives fare increases, the magnitude of the hikes observed during the festive period raised concerns about possible anti-competitive practices.

The findings also pointed to a pattern where higher ticket prices coincided with reduced seat availability, a combination that the commission said may have artificially intensified the surge in fares.

However, the allegations have been strongly rejected by the Airlines Operators of Nigeria (AON), the umbrella body representing domestic airline operators.

In response to the FCCPC’s claims, the association argued that airfare fluctuations are a normal feature of the aviation industry and are largely determined by demand, operational costs, and seat availability, particularly during peak travel periods such as Christmas and New Year.

The FCCPC is expected to release its final report in the coming weeks, which will likely provide further details on the investigation, the airlines involved, and the specific sanctions that may be imposed.

The outcome of the probe could have significant implications for consumer protection and pricing transparency within Nigeria’s aviation sector.

WHAT YOU SHOULD KNOW

The Federal Competition and Consumer Protection Commission says its investigation has found five airlines guilty of colluding to fix ticket prices during the 2025 Christmas and New Year travel period.

While the airlines involved have not yet been named, the commission is preparing sanctions and has indicated that affected passengers may be eligible for refunds once the final report is released.

Tags: AirlinesFCCPC
Share198Tweet124Share35
Previous Post

Again, NELFUND Extends Student Loan Application Deadline for 2025/2026 Session

Next Post

Watkins Ends Goal Drought as Aston Villa Beat Lille in Europa League Clash

Related Posts

FCCPC

FCCPC Seals Abuja Estate — Here Is Why

by Victoria Ogbadu
April 23, 2026
0

Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) has sealed off Paradise Estate, located in the Life Camp Extension area...

Flutterwave

FG Eyes $75 Million Stake in Flutterwave Listing

by Victoria Ogbadu
April 20, 2026
0

Nigeria's Federal Government is considering a $75 million stake in Flutterwave's $250 million public offering (IPO), marking an unprecedented sovereign...

FCCPC

FCCPC Clears the Air on Lending Service Ban

by Victoria Ogbadu
April 20, 2026
0

The Federal Competition and Consumer Protection Commission (FCCPC) has moved swiftly to distance itself from the controversy surrounding the suspension...

Navy

How the Navy Is Outsmarting Oil Thieves

by Victoria Ogbadu
April 19, 2026
0

The Nigerian Navy has torn apart a vast illegal oil network across three states, seizing hundreds of thousands of liters...

Welfare

FULL LIST: Nigeria Tightens Import Restrictions

by Victoria Ogbadu
April 19, 2026
0

Nigeria's Federal Government has expanded its import prohibition list from 14 to 17 categories, adding cement, soaps, and fertilizers to...

Load More
Next Post
Watkins Scores at Lille vs Aston Villa Game

Watkins Ends Goal Drought as Aston Villa Beat Lille in Europa League Clash

Crystal Palace vs AEK Larnaca Game

Crystal Palace Held by AEK Larnaca in Conference League Clash

Nigerian Troops

Nigerian Troops Repel Terrorist Attack on Military Base in Borno

Ondo Governor Loses In Court

Nigerian governor reacts as court bars him from contesting election

Donald Trump and Mojtaba Khamenei

Trump Says Iran’s New Supreme Leader Mojtaba Khamenei Is ‘Alive but Damaged’

Cash

Banks Deposit ₦7 Trillion Excess Cash with CBN

Photo of US Aircraft

US Aircraft Crashes in Iraq

Mbah

Governor Mbah Firmly Denies High Taxation Claims under his administration

dino melaye and peter obi

Peter Obi Not Fit to Be Nigeria’s President — Dino Melaye

Kano Govt Orders Closure of Event Centres State Govt Declares Holiday For Schools Nigerian Footballer Kidnapped Edo Govt Officials Asked to Resign Kano Commissioner Resigns From Position Anambra Govt Deducts Salaries of Workers

Sokoto Govt Approves Early Payment Of March Salary

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
2027: APC Governors Endorse Next Senate President After Akpabio

APC Governorship Candidate Joins ADC

March 16, 2026
NNPC Increases Petrol Price

NNPC Reduces Fuel Price

March 17, 2026
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
NLC

NLC Suspends Nationwide Protest Over Telecom Tariff Hike

0
VeryDarkMan

VeryDarkMan Vows to Uncover Truth in Mercy Chinwo and Ex-Manager’s Controversy

0
Accord Party logo

Accord Party Rejects Opposition Coalition Claim

April 26, 2026
NYSC Corps Member Allegedly Shot Dead by Nigerian Army Officers

NYSC Corps Member Allegedly Shot Dead by Nigerian Army Officers

April 26, 2026
Governor

Governor Accused of Diverting Public Funds

April 26, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp