Brands/Products
FCCPC: Never Should One-eyed Regulation Return
By Emmanuel Abiodun
A little over a week ago, streaming service provider, Netflix, announced a subscription hike, the third within a year. With the announcement, Netflix’s Premium plan climbed to N8,500 a month from N7,000. The Standard plan moved to N6,500 from N5,500, while the Basic plan rose to N4,000 from N3,500. The Mobile plan became N2,500, up from N2,200. The curious (perhaps not exactly curious) thing is that there was no outcry or subscriber outrage. The Federal Competition and Consumer Protection Commission (FCCPC), which carried on like a pit bull until early last month when a court ruling knocked the stuffing out of it, has become one of those playful sitting room dog breeds.
It may be tempting to think that it was the court ruling that put it on a leash. That, however, would be wrong. It has never been interested in price reviews by other businesses in whatever sector. Contrast that with the public circus that traditionally kicks off whenever MultiChoice, operators of DStv and GOtv, announce price changes. In February, when MutiChoice announced its most recent price adjustments, which took effect on 1 March, the FCCPC almost suffered a stroke caused by rage at what it described as the exploitation of Nigerians.
It tried to block the increases and threatened a bouquet of administrative sanctions if its instructions were not heeded. MultiChoice went to court. On 8 May, the recent Federal High Court ruling made it clear: the FCCPC lacks the authority to intervene in pricing decisions of businesses because the country is a free enterprise space.
The court observed that only the President can regulate prices by law and that any such delegation must be gazetted. In stripping the FCCPC of its claim to set MultiChoice’s fees, the judge also pointed out that price controls, if ever warranted, should apply to an entire industry rather than being wielded like a cudgel against one company. As John Oladapo remarked on X, “While FCCPC painted the case like a win because it was struck out for ‘abuse of court process,’ it wasn’t a win. The court went a step further to insinuate that the FCCPC was after certain industry players and that regulation should be industry-wide, not picking on a specific player.”
The irony is hard to ignore. Telecoms giants such as MTN and Airtel hiked their data and voice-call plans by 50 per cent. Global FMCGs like Coca-Cola and Nigerian Breweries have upped prices repeatedly over the past 18 months. Even essential services such as BRT bus fares, train tickets, and passport renewal fees have gone up, often with little to no public backlash or regulatory intervention.
Yet, whenever MultiChoice reviews its subscription packages, packages that remain among the most affordable in Africa, the company is front-page news, vilified as though it alone should bear the burden of of the worsening business conditions in the country.
To be clear, MultiChoice does not set its pricing in a vacuum. Every channel on DStv and GOtv, from live European football to Hollywood blockbusters, must be licensed for millions of dollars in foreign currency. Those who think the pay television space equals life on the beach should at the fate that recently befell iROKOtv. Once hailed as “Nigeria’s own Netflix,” iROKOtv spent over $100 million trying to build a streaming service exclusively with Nigerian content. Despite initial enthusiasm and heavy external funding, it ultimately shuttered. its operations in Nigeria, citing a market unwilling to pay for subscriptions. If a Nigerian platform cannot sustain itself on local subscriptions alone, what chance does a company relying on licensed content priced in dollars have? Yet iROKOtv’s exit barely merited a footnote in the regulatory debate.
Now, letus dive into the heart of the matter: selective enforcement. The FCCPC’s posturing over DStv’s rate adjustment has been nothing short of hypocritical. Last year, the Nigerian Passport Service raised application and renewal fees with barely a whisper from consumer rights watchdogs. Meanwhile, fuel stations are free to raise petrol prices; electricity tariffs, prices of medications, food items and other household needs have soared unchecked. Private educational institutions are raising fees as they deem fit.
The FCCPC considers those needs inferior to that of watching pay television provided by MultiChoice. Singling out MultiChoice ignores the fundamental economic logic at play: when inflation consistently exceeds 30 per cent, the naira hovers around N1,600 to the dollar, and operational costs, studio productions, satellite transponders, transmission towers, skyrocket, no business can hold prices steady indefinitely. The court ruling was more than a procedural victory; it was a rebuke to the practice of regulatory bullying, which punishes just one business and head-rubs the others.
Nigeria is not Soviet Union 2.0, where strict price regulation inherited from the communist era can be at play. Blanket, arbitrary investigations do little to foster investor confidence; they simply encourage companies to consider exit strategies, just as Netflix has quietly moved many of its headquarters functions out of Lagos, and just as the last iROKOtv executive chronicled in her memoir that “the moment you become a lone target, you start slipping out the back door.”
Let us not pretend that price reviews are somehow unique to pay-TV. The moment Nigerians accept that a free market exists only for some participants, and only when regulators choose to intervene in a theatrically selective fashion, is the moment we consign ourselves to perpetual economic theatre. If the cost of a DStv Premium bouquet, still the lowest among African multichannel operators, represents exploitation, what should we call the 33% petrol bump? Or the 70% rise in local rice prices in 18 months? A consumer-advocacy board that demands justice for one and silence for many forfeits its credibility.
The Federal High Court ruling should serve as a rallying cry: no single company may be scapegoated for broader inflationary pressures. While the FCCPC’s statement triumphantly declared a victory, the real takeaway is that targeting one player undermines trust in the entire regulatory framework. Rather than pontificating from press releases, the commission must shift to measured, transparent investigations across all sectors, ensuring that any decision to challenge price adjustments is grounded in economic data and a true demonstration of monopoly power, not in the optics of populist outrage.
Nigerians deserve equal treatment under the law. If the FCCPC is truly concerned about predatory pricing, it must first show that any company, be it StarTimes, Netflix, or even petrol retailers, holds a dominant position that harms consumer welfare. Until then, we must guard against regulatory grandstanding that punishes the visible and spares the rest. Because if the choice is between a free-market status quo and an unpredictable “anything goes” attitude toward price controls, the verdict is clear: allow businesses the room to operate, innovate, and, yes, adjust their fees when the macroeconomic winds blow cold. A measured, industry-wide approach will fare far better than ritual humiliations aimed solely at MultiChoice.
By Adedapo Adesanya
African e-commerce platform Jumia has secured $50 million in post-IPO equity financing, led by a $25 million investment from the International Finance Corporation (IFC), a member of the World Bank Group, as the company strengthens its financial position and accelerates its path to profitability.
The funding round, which also attracted existing major shareholders and selected new investors, comes as Jumia reported strong operational growth in the second quarter of 2026 and reaffirmed its target of achieving adjusted EBITDA breakeven in the fourth quarter of the year and profitability in 2027.
Jumia’s Q2 performance showed continued momentum across its core markets. Revenue increased 14 per cent year-on-year to $52 million, while gross merchandise value (GMV) rose 20 per cent to $216.3 million. Orders grew 28 per cent, quarterly active customers increased 24 per cent, and gross profit climbed 28 per cent to $30.7 million.
The company also reduced its adjusted EBITDA loss by 36 per cent to $8.7 million, pointing to improving operating efficiency as it works towards sustained profitability.
Nigeria emerged as one of Jumia’s strongest-performing markets during the quarter, with GMV rising 36 per cent and orders increasing 34 per cent year-on-year.
The company also recorded a 96 per cent increase in gross items sold from international sellers, driven by an expanding base of Chinese merchants and growing affordable fashion supplies from Turkey.
The new capital comes at a critical stage in Jumia’s turnaround strategy. Its liquidity position stood at $48.3 million at the end of the quarter, representing a $14.3 million decline during the period. The additional funding is therefore expected to strengthen its runway as the company moves towards its 2026 breakeven target.
Beyond strengthening Jumia’s balance sheet, the IFC investment is expected to expand economic opportunities across the markets where the company operates.
The World Bank Group said the investment could enable about 60,000 local active sellers annually to participate more fully in the digital economy, support approximately 1,800 direct jobs and create income-generating opportunities for more than 100,000 independent sales agents.
The IFC said the investment would support Jumia’s next phase of growth by strengthening its integrated marketplace and logistics network, while expanding access to digital commerce tools and services for businesses across Africa.
According to the development finance institution, stronger digital commerce infrastructure can help entrepreneurs and small businesses increase sales, improve productivity, access wider markets and connect consumers with a broader range of affordable products.
“The support of the World Bank Group is a milestone for Jumia and for African e-commerce more broadly,” Jumia Chief Executive Officer, Mr Francis Dufay, said.
He added that the investment validates the company’s efforts to improve its business discipline while recognising its impact on small businesses, jobs and consumers across its eight markets.
“With partners like the IFC, we can accelerate the digital commerce infrastructure Africa needs,” Mr Dufay said.
IFC Director for Equity, Funds, and Venture Capital, Mr Farid Fezoua, said Jumia demonstrates how pan-African e-commerce platforms can expand economic opportunities at scale.
“Our investment supports the company’s next phase of growth while contributing to creating jobs, digitising supply chains and distribution channels, and mobilising private investment,” Mr Fezoua said.
Jumia, however, continues to face operational pressures, including supply disruptions affecting phones and electronics, higher fuel costs and weaker demand in Ivory Coast amid falling cocoa prices.
The company also exited Algeria earlier in 2026, while its continued shift from first-party to third-party sales is changing its revenue structure.
By Modupe Gbadeyanka
As part of efforts to expand its national retail footprint, Airtel Nigeria has rolled out 350 of the planned 500 premium experience centres designed to bring faster, more convenient service closer to millions of Nigerians.
Built as compact, high-efficiency touchpoints, the newly launched shops are designed to enable subscribers complete all transactions such as Home Broadband, Fibre and Outdoor Units Subscription, Postpaid Plan Subscription, Enterprise Applications Enquiry and Subscription, as well as Prepaid Product services such as SIM registration and Data Plan purchase, other enquiries and comprehensive account support.
They have been integrated into Airtel Nigeria’s broader customer experience agenda, which have seen the company continue to invest in digital self-service platforms, AI-powered customer support, nationwide customer forums, and significant network expansion across the country.
The rollout emphasises the organisation’s continued investment in customer experience and responds directly to feedback from customers seeking quicker access to everyday services without the longer waiting times that may be associated with larger retail centres.
At a symbolic launch held at City Mall, Onikan, Lagos, the Director of Sales and Distribution for Airtel Nigeria, Mr Joypratip Sengupta, said, “Our goal is to demonstrate our dedication to exceptional quality of service, and these new shops, by their design, location, and equipment fit right within our goal to deliver superior service to every one of our customers.”
He added that the expansion reflects Airtel Nigeria’s belief that excellent customer experience goes beyond technology to ensuring customers can receive support whenever and wherever they need it.
“Our business at Airtel is to ensure that we bring our services closer to our customers, and everything we do is centred on putting the customer first. These experience centres are open to help customers carry out their transactions faster and with greater ease.
“Whether you want to replace a SIM, purchase one of our routers, recharge airtime or data, or resolve any service issue, you can now do so more conveniently and closer to where you are,” he further stated
He explained that the initiative represents a significant update to Airtel’s retail strategy, placing greater emphasis on accessibility, speed, and convenience.
“These express shops are designed to reduce traffic at our larger shops while giving customers faster access to the services they need. More importantly, they reinforce our vision of building the most accessible customer service network in Nigeria. As the telecom operator with the country’s largest retail footprint, we will continue expanding into more neighbourhoods, making it easier for customers to connect with Airtel wherever they are,” Mr Sengupta noted.
In her remarks at the launch, the Head of Shops and Retail Postpaid Business at Airtel Nigeria, Ms Lynda Amechi, disclosed that the new retail model was born from listening to customers and reimagining how Airtel delivers its services.
“At Airtel, some of our best ideas come directly from our customers. One of the recurring concerns we received was the time customers sometimes spent waiting at our larger experience centres, even when they only needed simple transactions completed.
“We listened carefully and realised that many of these requests could be resolved within minutes if we brought our services closer to the communities where customers live and work.” She said.
By Modupe Gbadeyanka
A new social entertainment platform designed to redefine how people participate in the digital economy by rewarding users for watching, streaming, and creating content has been launched by Starbase Technologies.
The platform, Yolly, features a rich spectrum of content spanning entertainment, sports, lifestyle, education, technology and live events.
The initiative introduces a new approach to online participation by recognising that everyone who contributes to the internet deserves the opportunity to share in the value they help create.
Designed for today’s upwardly-mobile creator economy, the platform enables viewers, creators and brands to participate in a trusted digital ecosystem where meaningful engagement is recognised and rewarded.
Yolly was launched to create value for every participant in its ecosystem through Stars, its native digital rewards currency, which users accumulate through meaningful participation across watching, streaming and creating content.
Unlike conventional social platforms, where monetisation is often reserved for creators with established audiences, Yolly enables creators to earn from their very first stream, removing follower thresholds and equipping emerging talent with features such as gifting, Boosts from day one and the Founder Creator badge to help them grow their communities.
Viewers, meanwhile, can earn Stars simply by watching the content they love, with rewards available from their very first session, under the watch+ category.
For brands, Yolly replaces impression-based advertising with a transparent model built on verified, engaged attention. Supported by per-minute performance metrics, real-time dashboards and brand-safe controls, the platform enables businesses to measure engagement more accurately while connecting with audiences in a trusted digital environment.
The Head of Business for Yolly, Mr Emeka Okenwa, said the platform’s rewards economy has been designed to prioritise wholesome content over viral moments while creating meaningful opportunities for everyone who contributes to the digital ecosystem.
“The platform has been developed on the premise that the future of the creator economy should be more inclusive, more rewarding, and built around genuine communities rather than algorithms alone,” he added.
Mr Okenwa noted that Yolly was built on the principle that social platforms should encourage wholesome, family-oriented content while giving viewers, creators and brands a safe environment to connect, create and grow.
