The News Agency of Nigeria reports that the tribunal had fined MultiChoice Nigeria the sum of N150 million for disobeying its order.

The order had restrained the pay-TV company from increasing its monthly subscription pending the determination of the suit brought before it by an Abuja-based lawyer, Festus Onifade.

The tribunal also ordered the pay-TV company to provide its Nigerian customers with a one-month free subscription to its DStv and GOtv packages.

In a statement, MultiChoice reacted as it said that it disagreed with the ruling and would file an appeal against it.

The statement partly reads, “MultiChoice Nigeria is aware of the recent ruling by the Competition and Consumer Protection Tribunal regarding its jurisdiction to entertain a price regulation matter.

“We disagree with the ruling, and will therefore file an appeal against the said ruling. “As the matter is currently sub-judice, we are restrained from making further comments.”

This was confirmed in a text message sent to customers that the new rates will take effect on May 1, 2023.

The pay-tv firm said the price adjustment was due to the rising costs of business operations.

“Please note that from May 1, your monthly subscription (premium) will be N24,500. To retain your old price of N21,000 for up to 12 months ensure you are active by April 30,” the text message reads.

With the hike, the price on the Compact+ bouquet would move to N16,600 from N14,250 monthly.

Subscribers on the Compact bouquet will now pay N10,500 as against N9,000; while those on Confam package are set to pay N6,200 compared to the previous N5,300.

Also, viewers on DStv Yanga and Padi bouquets will pay N3,500 and N2,500 respectively, as against N2,950 and N2,150.

Meanwhile, subscribers on the GOtv Supa package will now pay N6,400 as against N5,500; with those on GOtv Max expected to pay N4,850 as against N4,150.

More so, the GOtv Jolli package price will increase to N3,300 from N2,800; while that of the GOtv Jinja and GOtv Lite will rise from N1,900 to N2,250; and from N900 to N1,100, respectively.

But despite the rate increases, MultiChoice Nigeria also made a price lock offer to subscribers who may renew their subscriptions before their due dates.

The offer, which is meant to cushion the effect of the price review, allows customers to pay the old rates for 12 months, if they pay monthly before the expiration of their subscriptions.

The winner of the highly anticipated Big Brother Naija 4 will be going home with the sum of N30 million cash and other prizes worth of N30million.

Here’s the breakdown of the N60 million prize worth for BBNaija 4 winner

A cash prize of N30m

A top of the range SUV

A trip to Dubai

A home make-over

A year’s supply of Pepsi and One Africa Fest VVIP experience

A year’s supply of Indomie noodles & Munch it;

A brand new Oppo mobile smartphone.

A bonus prize of two VIP Tickets to watch a European Football final game LIVE