By Our Reporter MTN Nigeria Communications PLC has temporarily suspended its airtime and data lending service, Xtratime, following the introduction of new regulatory requirements governing digital credit services in Nigeria. The company disclosed this in a corporate filing to the Nigerian Exchange Limited on Thursday, stating that the decision was driven by compliance obligations under…
Abuja, Nigeria – 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. This directive follows MultiChoice Nigeria’s request for an extension regarding its scheduled appearance before the Commission. While the FCCPC has granted the request,…
Abuja, Nigeria – The Federal Competition and Consumer Protection Commission (FCCPC) has summoned Multichoice Nigeria to explain its proposed subscription price increase for DStv and GOtv, set to take effect on March 1, 2025. Exercising its mandate under Sections 32 and 33 of the FCCPA, the FCCPC directed the Chief Executive Officer of Multichoice Nigeria…
Lagos, Nigeria – The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Ikeja and Eko electricity distribution companies (IKEDC and EKEDC) regarding their planned replacement of Unistar meters. The commission cautioned that any attempt to proceed in defiance of FCCPC’s order will attract severe penalties, underscoring its commitment to protecting…
Lagos, Nigeria – Tuesday, October 22, 2024: The Federal Competition and Consumer Protection Commission (FCCPC) is taking action to address concerns surrounding the impending phase-out of Unistar prepaid meters by Ikeja Electric Plc and other electricity distribution companies (DisCos). The announcement follows a wave of consumer complaints about the transition process. Ikeja Electric recently declared…
