The Federal Competition and Consumer Protection Commission (FCCPC) has ordered MultiChoice, the company behind DStv and GOtv, to withhold subscription price increase until after investigation.
TheNewsGuru recalls that FCCPC on Tuesday summoned MultiChoice, over the planned increase in its cable TV subscription prices.
TNG earlier reported that Multichoice is preparing to implement a 21% increase in the subscription fee for its DStv Compact package, raising the price from ₦15,700 to ₦19,000, effective March 1, 2025.
The increase comes nearly a year after the last price review.
FCCPC, however, in a statement on Thursday, said the decision to halt the increase in subscription price was to protect customers while the investigation goes on.
It read in part: “Nigeria to maintain its current subscription prices until the ongoing investigation into its proposed price hike is concluded.
“This directive follows MultiChoice Nigeria’s request for an extension regarding its scheduled appearance before the Commission.
“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.
“Pursuant to this, MultiChoice is expressly instructed to maintain the existing price structure as of February 27, 2025, pending the Commission’s review and final determination on the matter.
“Maintaining the status quo on pricing is essential to prevent any potential consumer harm during this period.
“Further updates will be provided as the investigation progresses.”