The FCCPC has instructed MultiChoice Nigeria to retain its current subscription prices amid an ongoing investigation into a proposed price hike set for March 2025. MultiChoice must attend a hearing on March 6, 2025, to provide a detailed response. Concerns surrounding anti-competitive practices have prompted the Commission to take action to safeguard consumer interests.
The Federal Competition and Consumer Protection Commission (FCCPC) has mandated that MultiChoice Nigeria maintain its current subscription pricing until an investigation concerning its proposed price increase is concluded. This directive follows a request from MultiChoice for an extension on its scheduled appearance before the Commission. Although the FCCPC granted this extension, MultiChoice is now obligated to attend a rescheduled hearing on March 6, 2025, along with all pertinent officers and a detailed response.
The Commission has stated that the company must adhere to its existing pricing structure as of February 27, 2025, prior to a final decision. This measure is implemented to protect consumers while the investigation remains active. The FCCPC’s directive emerged after MultiChoice Nigeria formally announced an intended subscription price rise effective March 1, 2025. The Commission has expressed serious concerns regarding the frequent price increases instituted by the pay-TV provider, which raises suspicions of market dominance exploitation and anti-competitive behavior in the Nigerian broadcasting industry.
Director of Corporate Affairs at the FCCPC, Ondaje Ijagwu, clarified that the Commission is collaborating with the sector regulator and additional agencies to foster a fair and competitive digital subscription environment in Nigeria. “The FCCPC is deeply concerned that Nigerian consumers continue to face frequent price increases, amid accusations that MultiChoice applies different pricing strategies in other markets, heightening questions about fairness and market abuse,” stated Ijagwu.
The Commission has warned that should MultiChoice fail to provide an adequate explanation or be found violating fair market principles, it may incur regulatory penalties or corrective measures to protect consumer interests. Updates on the investigation will follow as the situation evolves.
In summary, the FCCPC has intervened to prevent MultiChoice Nigeria from increasing its subscription prices amid ongoing investigations regarding potential unfair practices. The company must adhere to current pricing until a thorough review is conducted. The FCCPC is committed to ensuring a competitive environment that protects consumer rights while scrutinizing MultiChoice’s pricing strategies.
Original Source: businessday.ng
