Category: Business - Page 2

Koketso Mashika 8 June 2024 17

Multichoice Nigeria Fined N150 Million by Tribunal, Free DStv and GOtv Subscriptions Ordered

Multichoice Nigeria has been fined N150 million by a Nigerian competition tribunal for contesting judicial authority and for violating pricing orders. The tribunal ordered the company to provide one month of free DStv and GOtv subscriptions to all Nigerians, following a controversial price increase announcement.

Koketso Mashika 4 June 2024 6

CBN Revokes Heritage Bank License Citing Financial Instability

The Central Bank of Nigeria has revoked the license of Heritage Bank PLC over financial instability concerns. CBN cited breaches in financial regulations and persistent financial struggles as primary reasons. This decision led to the appointment of NDIC as liquidator, marking an end to Heritage Bank's operations.