News
FCCPC uncovers cartel responsible for price inflation

The Federal Competition and Consumer Protection Commission has sounded the alarm on a ‘cartel’ manipulating market prices nationwide, inflating costs for goods and services despite government stabilisation efforts.
Addressing stakeholders during a one-day engagement on exploitative pricing in Uyo, Akwa Ibom State, FCCPC Chief Executive Officer, Mr. Tunji Bello, revealed that the commission’s investigations in major cities have uncovered troubling practices.
In the poultry sector, Bello highlighted how influential players are dictating prices, severely impacting smaller producers. “Small poultry owners previously sold a day-old chick for between N480 and N590 and still made a profit. However, the entry of two major market players changed that,” he stated, choosing to withhold their names for now.
He explained that these entities injected substantial capital into the market, ultimately controlling 80 to 90 percent of the poultry sector.
“These big players used their financial clout to hijack the local poultry farmers’ association, mandating that day-old chicks be sold at N1,350, which contradicts the economic principle that greater production typically lowers prices,” he added.
Bello emphasised that this manipulation is why prices remain high despite various governmental support for the poultry industry. Over the past year, the Federal Ministry of Agriculture and Food Security has assisted poultry farmers with broilers, vitamins, feeds, and cash through numerous interventions across Nigeria’s six geopolitical zones.
He also pointed to exploitative pricing in the packaging sector, citing a cartel of five dominant players responsible for importing and supplying packaging materials.
“They operate in a mafia-like manner. If you attempt to negotiate with one, they tip off the others, ensuring uniform pricing,” Bello lamented.
Regarding the lack of sanctions against these sharp practices, Bello explained that the FCCPC initially opts for dialogue in the spirit of democracy rather than enforcing the act, which carries severe penalties, including hefty fines and jail time.
He urged the business community in Akwa Ibom to collaborate with the FCCPC to tackle exploitative pricing and promote market integrity.
To alleviate the economic burden on consumers, Bello noted that President Bola Tinubu has introduced several relief measures, including the removal of tariffs on food imports, VAT on pharmaceuticals and medical devices, tax waivers for businesses and public transport, and facilitating easy credit for converting vehicles from petrol to CNG.
“It is only fair that our businessmen and traders share the benefits of these measures with consumers through reduced prices,” Bello stated.
Several speakers at the event expressed concern about the high cost of doing business in Nigeria, particularly citing rising interest rates, multiple taxation, and increased electricity tariffs as significant challenges.
Earlier, Executive Commissioner for Operations at the FCCPC, Dr. Abdullahi Adamu, called on stakeholders to provide suggestions to address cartel activities and improve the market situation in the country.
News
Chelsea, Brentford shares the spoil in premier league’s goalless draw

Chelsea’s frustrations on the road continued on Sunday as they played out a drab 0-0 draw against Brentford in the Premier League. The fourth-placed Blues, desperate to solidify their position in the race for Champions League qualification, delivered another uninspiring display under manager Enzo Maresca. Much of the attention was focused on the decision to bench England forward Cole Palmer for almost an hour, sparking questions about the Italian boss’s priorities ahead of a crucial UEFA Conference League quarter-final clash with Legia Warsaw on Thursday. When Palmer was finally introduced, his impact was muted, with his only significant contribution being a missed chance over the crossbar.
Chelsea have a UEFA Conference League quarter-final trip to Legia Warsaw on Thursday, but Maresca’s priorities were questioned following the Blues’ insipid display.
The match itself offered little excitement, highlighting the struggles of both sides. Brentford, battling their own challenges of form at home, seemed unable to capitalize on Chelsea’s sluggish performance. Despite the Blues’ attempts to gain control, Maresca’s cautious tactical approach failed to generate clear-cut opportunities for his team. With Chelsea winless away from home in the league since December, the encounter at the Brentford Community Stadium was emblematic of their recurring troubles on the road. Fans and analysts alike questioned whether Maresca’s approach was adequate for a team still fighting for Champions League qualification amid an increasingly competitive field.
The spotlight on Cole Palmer’s absence from the starting lineup was another defining feature of the match. The England forward, widely regarded as a key player for Chelsea this season, could have provided the creativity and attacking edge the Blues sorely lacked throughout the game. Maresca’s decision to hold Palmer back drew criticism, especially given the urgency of securing vital points for Chelsea’s league ambitions. When Palmer did make his long-awaited entrance, the young star struggled to find his rhythm, leaving fans disappointed and underscoring the broader issues in Chelsea’s attacking play.
With Manchester City breathing down Chelsea’s neck in the Premier League standings, the stakes for Sunday’s result were high. The goalless draw opened the door for fifth-placed City to overtake Chelsea should they secure a win against Manchester United in the day’s late fixture. For the Blues, the outcome not only added pressure to their domestic campaign but also cast a shadow over their upcoming Europa Conference League clash. Maresca now faces the dual challenge of rejuvenating Chelsea’s confidence in Europe while addressing their league form, which could ultimately determine their fate in the pursuit of Champions League football next season.
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The result also extended Brentford’s struggles at home, as they continued their winless streak in front of their fans. Both teams leave the match with unanswered questions about their form, tactics, and aspirations as the Premier League season enters a critical phase. For Chelsea, the disappointment underscores the need for decisive action from Maresca and his squad as they prepare for crucial fixtures on both domestic and continental fronts. Brentford, meanwhile, will aim to regroup and find ways to regain momentum in their remaining matches. The uneventful encounter serves as a reminder of the challenges faced by teams vying to navigate the pressure of top-flight football.
News
“How we imortalised Olunloyo before his death-Makinde

By Kayode Sanni-Arewa
Governor of Oyo State, Seyi Makinde has said he is happy that former governor of the State, Omololu Olunloyo was imortalised before his demise.
Makinde, in a condolence message by his media aide Sulaimon Olanrewaju on Sunday, said the country had lost a patriotic leader, an icon and one of its most cerebral former administrators with the politician’s demise.
The governor said it is sad that the late mathematical guru and administrator passed away before his 90th birthday.
“This death hits differently because I was looking forward to Baba’s 90th birthday, which would have come up on April 14. However, we have to submit to the will of God, who gives and takes lives as He wills.
“My joy is that our government immortalised and honoured Pa Olunloyo in his lifetime and he was present to witness it as we named the Ibadan Airport Road and the Leisure Park on the axis after him in recognition of his service to the state.
“May the Lord grant repose to his soul and give his family the fortitude to bear his demise,” Mr Makinde said.
The death of Mr Olunloyo was confirmed on Sunday morning through a statement by his family.
The deceased died just a few days before his 90th birthday, according to the statement.
News
Iran turns down Trump’s call for direct nuclear talks

Iran’s top diplomat has rejected direct negotiations with the United States as pointless, his office said Sunday, after US President Donald Trump said he preferred face-to-face talks over its nuclear programme.
Trump sent a letter to Iran’s supreme leader Ayatollah Ali Khamenei last month calling for negotiations but warning of military action if diplomacy failed.
On Thursday, the US president said he favoured “direct talks”, arguing they were “faster” and offered a better understanding than going through intermediaries.
But Iranian Foreign Minister Abbas Araghchi said direct talks made no sense with a country “that constantly threatens to resort to force in violation of the UN Charter and that expresses contradictory positions from its various officials”.
“We remain committed to diplomacy and are ready to try the path of indirect negotiations,” he was quoted as saying in a statement issued by his ministry.
Iran keeps itself prepared for all possible or probable events, and just as it is serious in diplomacy and negotiations, it will also be decisive and serious in defending its national interests and sovereignty.”
On Saturday, Iranian President Masoud Pezeshkian said his country was willing to engage in dialogue with the United States on an “equal footing”.
He also questioned Washington’s sincerity in calling for negotiations, saying “if you want negotiations, then what is the point of threatening?”
Iran and the United States have had no diplomatic relations since shortly after the 1979 Islamic Revolution with some regional countries like Oman playing a mediating role between the two sides.
Letter diplomacy
Trump’s letter was delivered to Iran via the United Arab Emirates, and Tehran responded at the end of March via the Sultanate of Oman.
On Sunday, the chief of staff of the Iranian armed forces, General Mohammad Bagheri, said Iran’s response stressed that “we seek peace in the region”.
“We are not the ones who start wars, but we will respond to any threat with all our might,” he said of the content of Iran’s response.
Western countries, led by the United States, have for decades accused Tehran of seeking to acquire nuclear weapons.
Iran rejects the allegation and maintains that its nuclear activities exist solely for civilian purposes.
In 2015, Iran reached a landmark deal with the permanent members of the UN Security Council, namely the United States, France, China, Russia, and the United Kingdom, as well as Germany, to limit its nuclear activities.
The 2015 agreement — known as the Joint Comprehensive Plan of Action — gave Iran sanctions relief in exchange for curbs on its nuclear programme to guarantee that Tehran could not develop a nuclear weapon.
In 2018, during Trump’s first term in office, the United States withdrew from the agreement and reinstated biting sanctions on Iran.
A year later, Iran began rolling back on its commitments under the agreement and accelerated its nuclear programme.
On Monday, Ali Larijani, a close adviser to Khamenei, warned that while Iran was not seeking nuclear weapons, it would “have no choice but to do so” in the event of an attack against it.
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