Business
Consumer Rights: FCCPC Issues New Directive To MultiChoice

The Federal Competition & Consumer Protection Commission (FCCPC) has ordered MultiChoice Nigeria Limited to increase the number of times all subscribers may suspend their subscription.
FCCPC in a statement by its Director of Legal Services, Tam Tamunokonbia, said subscribers should be able to suspend their subscription up to at least four times annually.
The resolution was reached to prevent consumers from being exploited after an investigation was prompted by complaints regarding allegations of abuse of dominant position by MCN.
FCCPC had last year opened an investigation into the conduct of dominant Pay TV service providers.
READ ALSO: EFCC Under Fire For Arresting Gov Obiano
However, the commission has now directed MultiChoice to provide a price lock option that allows subscribers to maintain the same subscription fee for a minimum period of one year subject to a contractual agreement that clearly specifies the applicable terms and conditions.
The statement reads, ”The Commission has prepared and delivered a detailed Investigative Report to MCN showing its findings with respect to the investigation.
”For the purpose of ensuring that any material changes in key terms with respect to value propositions including, but not limited to cost or price, on account of its dominance, and to prevent consumers from being otherwise exploited, including by the conduct of other players in the market, MultiChoice shall introduce additional features prior to any proposed or contemplated changes in terms and conditions as identified in this Order to the extent that such change in price constitutes an increase in what consumers pay, regardless of any value addition. Such features should at a minimum include:
”A price lock option that allows subscribers to maintain the same subscription fee for a minimum period of one year subject to a contractual agreement that clearly specifies the applicable terms and conditions. MultiChoice Nigeria shall submit to the Commission a draft of this agreement within seven (7) days of receipt of this Order.
”A better value for money proposition for annual prepayment of subscription, including the ability to suspend subscription at least once every quarter of the year.
”Clear communication to each subscriber regarding all channels available within their selected bouquet option. d. Any other value proposition MultiChoice considers appropriate and applicable, subject to adequate engagement with the Commission.
”Provide completely toll-free customer service lines which are operational 24 hours daily, and through which consumers may receive support with respect to their use of the services offered by MultiChoice Nigeria. These lines must be toll-free across networks, not only within the same networks as is presently the case. MultiChoice Nigeria must within the time stipulated in the Commission’s Order of February 4, 2022, provide the Commission with a work plan and timeline for the purpose of articulating, and addressing where possible and applicable, any constraints with respect to complying with, and operationalizing this specific Order.
”Advertise the existing toll-free customer service lines more frequently and more widely on channels available and under the control of MultiChoice on the DStv and GOtv platforms. Such advertisement must run on each channel at least daily.
READ ALSO: Living Faith: Bishop Oyedepo Speaks Of Death, Reveals Why He’ll Place Curse On Successor
”Increase the number of times all subscribers may suspend their subscription up to at least four (4) times annually.
”Submit to the Commission a compliance report demonstrating full compliance with the above orders within the time stipulated in the Commission’s Order of February 4, 2022.”
The commission further warned that a violation of its Order attracts a fine/penalty of N5,000,000.00 (Five Million Naira only) under the Federal Competition and Consumer Protection Commission (Administrative Penalties) Regulations, 2020.
Business
Naira Continues Gain Against US Dollar As Nigeria’s Foreign Reserves Climb To $45.57bn

The Naira appreciated further against the United States Dollar at the official foreign exchange market, beginning the week on a good note.
Central Bank of Nigeria data showed that the Naira strengthened on Monday to N1,429.31 per dollar, up from N1,430.85 exchanged on Friday, 2 January 2026.
This means that the Naira gained N1.56 against the dollar on Monday when compared to N1,430.85 last week Friday.
READ ALSO:Naira Records Significant Appreciation Against US Dollar
At the black market, the Naira dropped by N5 to N1480 per dollar on Monday, down from N1475 traded Friday.
The development comes as the country’s external reserves rose to $45.57 billion as of Friday last week.
Business
NNPCL Reduces Fuel Price Again

The Nigerian National Petroleum Company Limited, NNPCL, has again reduced its premium motor spirit price.
In Abuja, on Monday morning, it was gathered that NNPCL retail outlets have reduced their fuel price to N815 per liter, down from N835.
This means that the NNPCL filling stations cut their price by N20.
The fresh price has been implemented at NNPCL filling stations in Wuse Zone 6 and 4 Abuja, Keffi-Abuja Road, and Kubwa Expressway.
READ ALSO:Fuel Price Cut: NNPCL GCEO Ojulari Reveals Biggest Beneficiaries
An NNPCL filling station attendant, who preferred anonymity, told DAILY POST that the new price was implemented on Sunday evening.
However, the N815 per liter is N79 higher than the N739 per liter sold at Dangote Refinery’s backed MRS filling stations nationwide.
DAILY POST recalls that NNPCL on December 19, 2025, cut its price of petrol by N80 to N835 amid a price war among players in the country’s oil downstream sector triggered by Dangote Refinery’s gantry price reduction to N699 per liter.
Business
NNPCL Announces Restoration Of Escravos-Lagos Pipeline

The Nigerian National Petroleum Company Limited (NNPCL) has announced the complete restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State, following the recent explosion on the asset.
The chief corporate communications officer (CCCO) of the nation’s oil company, Andy Odeh, in a statement, said that the pipeline is fully operational, reiterating the company’s resilience and commitment to energy security.
“NNPC Limited is pleased to announce the successful restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State.
READ ALSO:Fuel Price Cut: NNPCL GCEO Ojulari Reveals Biggest Beneficiaries
“Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned.
“Today, the pipeline is fully operational, reaffirming our resilience and commitment to energy security. This achievement was made possible through the unwavering support of our host communities, the guidance of regulators, the vigilance of security agencies, and the dedication of our partners and staff.
“Together, we turned a challenging moment into a success story, restoring operations in record time while upholding the highest standards of safety and environmental stewardship.
“As we move forward, NNPC Limited remains steadfast in its pledge to protect our environment, safeguard our communities, and maintain the integrity and reliability of our assets. Thank you for your trust as we continue to power progress for Nigeria and beyond,” the statement read.
News3 days agoWhat I Saw After A Lady Undressed Herself — Pastor Adeboye
Headline3 days agoPROPHECY: Primate Ayodele Reveals Trump’s Plot Against Tinubu
Metro3 days agoArmed Robbers Shot PoS Operator To Death In Edo
Metro2 days agoAAU Disowns Students Over Protest
Metro2 days agoNine Soldiers Feared Dead In Borno IED Explosion
Metro3 days agoJoint Task Force Kills 23 Bandits Fleeing Kano After Attacks
Metro2 days agoEdo: Suspected Kidnappers Kill Victim, Hold On To Elder Brother
Politics3 days ago2027: Rivers APC Pledges To Follow Wike’s Instructions
Entertainment3 days agoPHOTOS: Anthony Joshua Makes First Social Media Post After Surviving Deadly Car Crash
Metro3 days agoGunmen Demand N200m Ransom For Kidnapped Brothers In Edo














