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FCCPC directs Multichoice to suspend subscription price hike

by Present Nigeria
February 28, 2025
in Business
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FCCPC directs Multichoice to suspend subscription price hike
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The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the company’s proposed tariff adjustment.

The FCCPC gave the directive after MultiChoice  requested  for an extension of time regarding its scheduled appearance before the Commission.

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FCCPC disclosed this in a statement on Thursday by its Director of Corporate Affairs, Ondaje Ijagwu.

The FCCPC said in a statement: “While the FCCPC has granted the request, the company is now required to attend the rescheduled investigative hearing on March 6, 2025, along with all relevant officers and a comprehensive response.

The FCCPC said it directed  MultiChoice to maintain its existing price structure to prevent potential harm to customers.

“Maintaining the status quo on pricing is essential to prevent any potential consumer harm during this period.”

Earlier, the regulator summoned MultiChoice’s Chief Executive Officer to appear before it on February 27 for an investigative hearing.

MultiChoice had notified its customers on Monday of the impending price adjustment, citing a review of its pricing structure.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
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