Business and Economy
FCCPC Directs MultiChoice to Maintain Current Prices Pending Investigation
The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria to maintain its current subscription prices until the ongoing investigation into its proposed price hike is concluded.
A statement from FCCPC Director of Corporate Affairs, Mr Ondaje Ijagwu says the 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” He said
In his words”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”.
According to Mr Ondaje Ijagwu, maintaining the status quo on pricing is essential to prevent any potential consumer harm during this period and further updates will be provided as the investigation progresses.