Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    XRP Stalls on Technical Rejection as Ripple EU Win Widens Market Access

    July 7, 2026

    Investors Pile into Nigerian Treasury Bills, Yields Decline

    July 7, 2026

    Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia

    July 7, 2026
    Facebook X (Twitter) Instagram
    Trending
    • XRP Stalls on Technical Rejection as Ripple EU Win Widens Market Access
    • Investors Pile into Nigerian Treasury Bills, Yields Decline
    • Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia
    • Naira Rises Amidst Interbank FX Turnover Slowdown
    • NCC Charges Nigerian Students to Protect Telecommunications Infrastructure
    • Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?
    • Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally
    • Bitcoin Price Rises to $63.8k, Strategy Inc. Sells 3,588 BTC
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, July 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Companies » Nigeria Stops MultiChoice Plan to Increase DSTV, GOTV Subscriptions

    Nigeria Stops MultiChoice Plan to Increase DSTV, GOTV Subscriptions

    Marketforces AfricaBy Marketforces AfricaMarch 31, 2022Updated:March 31, 2022 Companies No Comments3 Mins Read
    Nigeria Stops MultiChoice Plan to Increase DSTV, GOTV Subscriptions
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Nigeria Stops MultiChoice Plan to Increase DSTV, GOTV Subscriptions

    A Nigerian Competition and Consumer Protection (CCP) Tribunal sitting in Abuja has restrained MultiChoice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on April 1.

    The three-member tribunal presided over by Thomas Okosun, gave the order following an ex-parte motion moved by Festus Onifade, a legal practitioner, on behalf of himself and the Coalition of Nigeria Consumers.

    Multichoice Nigeria had informed local consumers about a plan to increase DSTV and its GOTV subscriptions, the move that was greeted with complaints amidst the steep headline inflation rate in Nigeria.

    Other members of the tribunal include Sola Salako Ajulo and Ibrahim EL-Yakubu. In the suit marked: CCPT/OP/1/2022, MultiChoice Nigeria Limited and Federal Competition and Consumer Protection Commission (FCCPC) are 1st and 2nd respondents respectively.

    The motion ex-parte filed by the applicants on March 29 was brought pursuant to Section 39 (1) & (2) of FCCPC Act 2018; Order 26, Rule 5 (2), (3) & 26 Rule 6 (1) & (2) Federal High Court (Civil Procedure) Rules 2019 and Section 47(a), (b), (c),(d), of Federal Competition and Consumer Protection Act 2018.

    The applicants had prayed for “an order of interim injunction restraining the 1st defendants/respondents, either by itself, agents, representatives, officers or privies, howsoever described, from carrying out the impending increase in tariffs and cost of its products and services intended to take effect from 1st April 2022, until the hearing and determination of the motion on notice already filed before this tribunal.

    “An order of the Honourable Tribunal mandating the 1st defendant/respondents to maintain status quo pending the hearing and determination of the motion on notice.

    “And for such further order or other orders as this Honourable Tribunal may deem fit to make in the circumstance.” In the ruling, the tribunal ordered MultiChoice Nigeria Limited to stop the planned hike in tariffs and cost of its products and services pending the hearing and determination of the motion.

    “The 1st defendant/respondent is hereby restrained, either by itself, agents, representatives, officers or privies, howsoever described, from carrying out the impending increase in tariffs and cost of its products and services intended to take effect from 1st April 2022 until the hearing and determination of the motion on notice already filed before this Honourable Tribunal.

    “The 1st defendant/respondent is hereby mandated to maintain status quo pending the hearing and determination of the motion on notice,” the tribunal ruled.

    The matter was adjourned until April 11 for the hearing and determination of the motion on notice. “All parties in this suit are to appear before this Honourable Tribunal on the 11th day of April 2022,” it ruled. #Nigeria Stops MultiChoice Plan to Increase DSTV, GOTV Subscriptions

    READ: MultiChoice Profit Drops, Says Nigeria Subs. Gets FX at Parallel Market Rate

    CCP FGN Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    Moody’s Upgrades Dangote Sugar’s CFR to B3 from Caa1

    Airtel Africa Gains 21%, Market Value Surges Near N20trn

    MTN Nigeria Loses N1.7trn as Investors Exit Positions

    Dangote Cement Plans Capacity Boost, Targets 20% Emission Cut

    Investors Lose N1.80trn as Bear Run Hammers NGX Index

    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Stalls on Technical Rejection as Ripple EU Win Widens Market Access

    July 7, 2026

    Investors Pile into Nigerian Treasury Bills, Yields Decline

    July 7, 2026

    Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia

    July 7, 2026

    Naira Rises Amidst Interbank FX Turnover Slowdown

    July 7, 2026

    NCC Charges Nigerian Students to Protect Telecommunications Infrastructure

    July 6, 2026
    Latest Posts

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    July 6, 2026

    Moody’s Upgrades Dangote Sugar’s CFR to B3 from Caa1

    July 6, 2026

    Airtel Africa Gains 21%, Market Value Surges Near N20trn

    July 6, 2026

    MTN Nigeria Loses N1.7trn as Investors Exit Positions

    July 6, 2026

    Dangote Cement Plans Capacity Boost, Targets 20% Emission Cut

    July 5, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.