GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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NON-DISCLOSURE OF PRICE TAGS: LASCOPA WARNS SUPERMARKETS, GROCERY STORES. (PHOTOS). #PRESS RELEASE.

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NON-DISCLOSURE OF PRICE TAGS: LASCOPA WARNS SUPERMARKETS, GROCERY STORES


... Promises To Seal Erring Supermarket Over Non-Disclosure of Products' Price Tags

The Lagos State Consumer Protection Agency (LASCOPA) has issued a stern warning to supermarkets and grocery stores within the state regarding the non-disclosure of price tags on products.

LASCOPA’s warning aims to ensure transparency and protect consumers from potential price exploitation as non-disclosure of price tags can lead to misunderstandings and inconvenience at the point of sale.

While saying that such practices violate consumers’ rights and the Lagos State Consumer Protection Agency Law, the General Manager of LASCOPA, Mr. Afolabi Solebo emphasised the importance of adhering to regulations, stating that the absence of price tags denies consumers the ability to make informed decisions. He added that such practices contradict the Consumer Protection Act, which mandates the clear display of prices
for goods and services.

Solebo maintained that failure to comply with the law will result in fines in accordance with consumer protection laws, adding that the Agency will not hesitate to seal erring supermarkets over non-disclosure of price tags on products on shelves.
 
He urged consumers to report any instances of non-compliance to LASCOPA through their social media platforms or the following dedicated Phone Lines: 08124993885, 09064323154, and 08092509777.
More photos below. 




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