Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    LASERC Licences Elektron Energy to Generate Power in Lagos

    September 9, 2026

    Brent Crude Oil Tops $100 as Iran Strikes U.S. Vessels, Tankers

    September 9, 2026

    NVIDIA Tokenised Stock Dips Amidst Surging Japanese Yen

    September 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • LASERC Licences Elektron Energy to Generate Power in Lagos
    • Brent Crude Oil Tops $100 as Iran Strikes U.S. Vessels, Tankers
    • NVIDIA Tokenised Stock Dips Amidst Surging Japanese Yen
    • BUA, Cadbury, Nestle Drag NGX Index; investors lose N1.67trn
    • Lionel Messi Agrees Deal to Purchase Spanish Second-Tier Side Eldense
    • Bitcoin Price Jumps on Spot ETF Inflows, $99.99K Prediction
    • NVIDIA Tokenised bStocks Down as Traders, Investors Take Profits
    • First Bank Spends N6bn Annually to Fight Cyber Threats – CEO
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, September 9
    • 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

    First Bank Spends N6bn Annually to Fight Cyber Threats – CEO

    Dangote Refinery Posts N19.13trn in Revenue in H1-2026

    Dangote Refinery Market Cap Estimated at N77.7trn by CardinalStone

    GCR Affirms AIICO Capital A-/A2 Issuer Ratings, Outlook Positive

    Dangote Refinery Launches Landmark IPO, Targets 10m Subscribers

    Nigeria’s Foreign Reserves Top $54bn, Extend Import Cover

    Add A Comment

    Comments are closed.

    Editors Picks

    LASERC Licences Elektron Energy to Generate Power in Lagos

    September 9, 2026

    Brent Crude Oil Tops $100 as Iran Strikes U.S. Vessels, Tankers

    September 9, 2026

    NVIDIA Tokenised Stock Dips Amidst Surging Japanese Yen

    September 9, 2026

    BUA, Cadbury, Nestle Drag NGX Index; investors lose N1.67trn

    September 9, 2026

    Lionel Messi Agrees Deal to Purchase Spanish Second-Tier Side Eldense

    September 9, 2026
    Latest Posts

    First Bank Spends N6bn Annually to Fight Cyber Threats – CEO

    September 9, 2026

    Dangote Refinery Posts N19.13trn in Revenue in H1-2026

    September 9, 2026

    Dangote Refinery Market Cap Estimated at N77.7trn by CardinalStone

    September 8, 2026

    GCR Affirms AIICO Capital A-/A2 Issuer Ratings, Outlook Positive

    September 8, 2026

    Dangote Refinery Launches Landmark IPO, Targets 10m Subscribers

    September 7, 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.