MultiChoice forfeited a $21 million deposit with Heritage Bank after the bank's liquidation in 2024. The loss is part of the company's financial challenges in Nigeria, including a drop in cash remittances and subscriber losses, worsened by inflation and naira devaluation.
MultiChoice Group has...
Multichoice has adjusted subscription rates for DStv and GOtv in Nigeria following a court order halting planned price hikes. The new prices reflect significant reductions across various packages, aiming to retain subscribers and comply with regulatory mandates. This decision comes amid a...
Multichoice is relying on its sports betting division Kingmakers for growth as DSTV pay-TV subscribers decline, with Kingmakers seeing a 37% user increase and 26% revenue growth in Nigeria.
Multichoice, the pay-TV operator, is increasingly turning to its sports betting division, Kingmakers, for...
Multichoice Group had N31.6 billion with defunct Heritage Bank, exceeding the insured limit. Group to engage liquidator for reasonable outcome amid financial challenges.
The revelation that Multichoice Group, the parent company of the popular pay-TV service DStv, had a staggering N31.6 billion...
Multichoice Group reports a 9% decline in active DStv subscribers, citing economic challenges in Nigeria and across Africa. Factors include currency devaluation and inflation. The company faces regulatory hurdles, including fines, amid price increases and cost-saving measures.
Multichoice...
MultiChoice to appeal N150M fine, free subscription order by consumer tribunal over price hike notice. Pay-TV giant disagrees with a ruling on jurisdiction, citing previous judgments.
MultiChoice Nigeria, the leading pay-TV operator in the country, has announced its intention to appeal the...
Tribunal fines MultiChoice N150M, orders one-month free subscription for defying court order on price hike. Ruling addresses notice period, not price regulation, asserting jurisdiction over consumer rights.
In a significant ruling, the Competition and Consumer Protection Tribunal (CCPT) has...
Phyna, the winner of Big Brother Naija Season 7, has tearfully demanded the payment of her 1 BTC prize money, worth over N100 million, from the show organizers, accusing them of withholding her full winnings.
In an emotional video circulating on social media, Phyna, the winner of the seventh...
Nigeria's consumer watchdog FCCPC declined to intervene as pay-TV operator MultiChoice implemented price hikes for its DStv and GOtv packages, drawing criticism over lack of action.
In a move that has drawn criticism from consumer advocates, the Federal Competition and Consumer Protection...
Multichoice Nigeria, a prominent Pay TV provider, has proceeded with the upward adjustment of its prices for DStv and GOtv subscribers, despite a recent court ruling prohibiting the company from raising rates.
On April 24, the company announced its intention to increase prices for its DStv and...
Multichoice, the broadcasting giant, has announced a price hike for its DSTV and GOtv packages in Nigeria, effective May 1, 2024. This move comes just four months after its last increment, stirring mixed reactions among subscribers.
The new prices affect various packages, with significant...
In a bid to safeguard consumer interests amidst recent price hikes by MultiChoice Nigeria, the Federal Competition and Consumer Protection Commission (FCCPC) has announced plans to conduct a thorough review of the subscription increases on DSTV and GOtv packages. Adamu Abdullahi, the Acting CEO...
As Multichoice prepares to implement a substantial subscription increase for its DStv and GOtv services, subscribers are gearing up for the impact on their wallets. Effective May 1st, users will experience an approximate 25% surge in their subscription fees, prompting widespread frustration...
Multichoice's announcement of a price adjustment on its DStv and GOtv packages, effective from May 1, 2024, has stirred reactions from Nigerians. The planned increase, reported to be about 25%, has sparked frustration among subscribers who are already grappling with economic challenges.
Many...
In a meeting held at the MultiChoice office, Big Brother Naija Season 7 winner, Ijeoma Josephina Otabor, popularly known as Phyna, along with her legal representative and industry stakeholders, rejected offers proposed by the show sponsors regarding her prize wins.
Phyna's refusal comes after...
Phyna, a contestant from Season 7 of Big Brother Naija (BBN), has taken legal action against the show's organizers, citing outstanding debt as her winning prize. The issue sparked discussion on social media, with many expressing support for Phyna and urging the organizers to fulfill their...
BBNaija season 7 winner, Phyna, took to social media to express her frustration over unpaid debts from the show organizers. In her tweet, she lamented not receiving all her prizes and money, adding a touch of sarcasm with emojis and the phrase "New show."
This revelation sparked reactions from...
French media company Canal+ has confirmed its intent to acquire additional shares of South African pay-TV company MultiChoice (MCGJ.J) by April 8, following a ruling by South Africa’s Takeover Regulations Panel.
With a 35.01% shareholding in MultiChoice, Canal+ is required to make a firm...
French TV channel Canal+ Group has officially expressed its intent to acquire all shares of South Africa's MultiChoice for an impressive $1.69 billion. Canal+, a significant shareholder with a 31.67 percent stake, aims to offer 105 rand in cash per share, signaling a remarkable 40 percent...
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