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    Nigeria Raises 10-Year Bond at 16.79%

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    MarketForces Africa » Companies » MultiChoice to Appeal Tribunal’s N150m Fine, Free Subscription

    MultiChoice to Appeal Tribunal’s N150m Fine, Free Subscription

    Marketforces AfricaBy Marketforces AfricaJune 8, 2024 Companies No Comments1 Min Read
    MultiChoice to Appeal Tribunal’s N150m Fine, Free Subscription
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    MultiChoice to Appeal Tribunal’s N150m Fine, Free Subscription

    MultiChoice Nigeria says it will appeal Friday’s ruling of the Competition and Consumer Protection Tribunal in Abuja, which awarded a N150 million fine against it for challenging the court’s jurisdiction.

    The tribunal had fined MultiChoice Nigeria the sum of N150 million for disobeying its order. The order had restrained the pay-TV company from increasing its monthly subscription pending the determination of the suit brought before it by an Abuja-based lawyer, Festus Onifade.

    The tribunal also ordered the pay-TV company to provide its Nigerian customers with a one-month free subscription to its DStv and GOtv packages. In a statement, MultiChoice reacted, saying that it disagreed with the ruling and would file an appeal against it.

    The statement read in part: “MultiChoice Nigeria is aware of the recent ruling by the Competition and Consumer Protection Tribunal regarding its jurisdiction to entertain a price regulation matter.

    “We disagree with the ruling, and will therefore file an appeal against the said ruling. As the matter is currently sub-judice, we are restrained from making further comments.”  # MultiChoice to Appeal Tribunal’s N150m Fine, Free subscription Naira Steadies as Banks Issue Update on FX Purchase

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    Nigeria Raises 10-Year Bond at 16.79%

    𝐉.𝐏. 𝐌𝐨𝐫𝐠𝐚𝐧 𝐋𝐢𝐬𝐭𝐬 𝐅𝐆𝐍 𝐁𝐨𝐧𝐝𝐬 𝐢𝐧 𝐍𝐞𝐰 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐁𝐨𝐧𝐝 𝐈𝐧𝐝𝐞𝐱

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    Nigeria Raises 10-Year Bond at 16.79%

    September 15, 2026

    𝐉.𝐏. 𝐌𝐨𝐫𝐠𝐚𝐧 𝐋𝐢𝐬𝐭𝐬 𝐅𝐆𝐍 𝐁𝐨𝐧𝐝𝐬 𝐢𝐧 𝐍𝐞𝐰 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐁𝐨𝐧𝐝 𝐈𝐧𝐝𝐞𝐱

    September 14, 2026

    Naira Trades Sideways, Interbank FX Turnover Slides by 38%

    September 14, 2026

    Equities Market Climbs by N160bn as Banking Stocks Rally

    September 14, 2026

    Trump: Falling Nation of Iran Wants Deal Quickly and Badly

    September 14, 2026
    Latest Posts

    Nigeria Raises 10-Year Bond at 16.79%

    September 15, 2026

    𝐉.𝐏. 𝐌𝐨𝐫𝐠𝐚𝐧 𝐋𝐢𝐬𝐭𝐬 𝐅𝐆𝐍 𝐁𝐨𝐧𝐝𝐬 𝐢𝐧 𝐍𝐞𝐰 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐁𝐨𝐧𝐝 𝐈𝐧𝐝𝐞𝐱

    September 14, 2026

    Naira Trades Sideways, Interbank FX Turnover Slides by 38%

    September 14, 2026

    Equities Market Climbs by N160bn as Banking Stocks Rally

    September 14, 2026

    Trump: Falling Nation of Iran Wants Deal Quickly and Badly

    September 14, 2026

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