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MultiChoice Wins Suit Against NBC’s 2.5% Annual Gross Income Demand

Published

1 year ago

on

MultiChoice NBC

By Adedapo Adesanya

African broadcasting giant, MultiChoice, has won a suit against the National Broadcasting Commission (NBC), which requires broadcasters to pay 2.5 per cent of their Gross Annual Income as an Annual Operating Levy to the Nigerian government.

Justice James Omotosho of the Federal High Court Abuja struck down Section 2 (10) (b) of the National Broadcasting Code, 6th Edition, which was challenged by MultiChoice.

This judgement followed a suit filed by MultiChoice Nigeria Ltd and Details Nigeria Limited (GOtv) against NBC.

Delivering the judgment on Wednesday, Justice Omotosho ordered that the provision be struck down and replaced with Net Annual Income instead of the existing Gross Annual Income.

This means that the 2.5 per cent levy will be taken out of the total amount of revenue after the companies have deducted all operational expenses, taxes, and obligations against Gross Annual Income, which is the total earnings before deductions.

The court also barred the NBC from demanding the plaintiffs’ VAT remittance, FIRS reports, bank statements, audit adjustment journals, trial balances, and general ledgers for the purpose of computing the plaintiffs’ annual income, other than the annual audited accounts of the companies as stipulated in the NBC Code.

The judge stated that NBC can only access other financial documents of MultiChoice through sister agencies such as the Federal Inland Revenue Service (FIRS).

In the suit, the plaintiff’s counsel, Mr Moyosore Onigbanjo (SAN), sought several reliefs, including a determination of whether the NBC had the authority to demand any financial documents other than the annual audited accounts.

He also sought clarification on whether the term “gross annual income,” as used in the NBC Code, was fair and equitable.

“Income, as provided by the NBC Code 6th Edition, is not defined, nor is it defined in any previous editions or in the NBC Act of 2004,” the counsel submitted in court.

Mr Onigbanjo also asked the court to determine whether the waiver or agreement between the plaintiffs and the NBC to pay a flat rate of N800,000,000 (Eight Hundred Million Naira) as an Annual Operating Levy for the years 2020–2023, including certain previous years, was binding on both parties.

Counsel to the NBC, Mr Victor Ogude (SAN), argued before the court that the agreement was not binding on the NBC, as the NBC’s acting Director-General who agreed on its behalf acted beyond his powers.

He contended that the NBC was entitled to the full amount payable.

Mr Ogude also urged the court to uphold the NBC’s oversight role over MultiChoice and Details Nigeria.

Delivering his verdict on Wednesday, Justice Omotosho, said with his experience as a trained economics teacher, running a business like the one operated by the plaintiffs requires significant capital and expenses. It is only fair, he said, that these expenses be deducted before the Annual Operating Levy is paid.

He stated that net income is the actual profit after subtracting all business expenses, adding that the taxable amount cannot be determined when calculating gross profit but should be based on net profit.

The judge emphasized that the Annual Operating Levy charged by NBC is a form of tax imposed on broadcasters.

He then held that it would be unjust to impose it on their gross income.

“The proper and lawful income to impose a levy on is the net income,” he said, adding that this aligns with tax laws and global best practices. “In the United States, for instance, companies pay a flat rate of 21 per cent on their profits, determined after all expenses have been deducted. Similarly, in the United Kingdom, a 25 per cent corporation tax is imposed on company profits.”

“From this Court’s knowledge of economics, gross income implies all money that accrues to a person or business within a specific time. This gross income typically does not account for company expenditures such as production costs, rent, vendor payments, staff salaries, taxes, and other costs. It is only after all these payments are made that the company determines its profit, known as net income.”

“Consequently, this Court holds that Section 2 (10) (b) of the National Broadcasting Code, 6th Edition, which demands 2.5 per cent of Gross Annual Income from broadcasters as an Annual Operating Levy, is unconscionable, unfair, and stifling to the plaintiffs,” Justice Omotosho ruled.

Furthermore, Justice Omotosho noted that the plaintiffs had provided credible and documentary evidence showing they had faithfully paid their Annual Operating Levy (AOL) without fail, and the defendant did not challenge these documents.

He said the NBC’s claim that it was entitled to N4 billion, as stated in its letter dated August 15, 2023, was unsupported by any evidence.

Regarding the agreement, Omotosho ruled that when parties express their intention and enter into a binding agreement, neither party is allowed to abandon the agreement simply because one or more of its terms are unfavourable.

The judge declared that the agreement between the defendant and MultiChoice, or the waiver on the payment of N800,000,000 (Eight Hundred Million Naira) throughout their current “DTH license”, is binding on both parties.

He also restrained NBC from demanding any additional sum from the plaintiffs as AOL for the years in which they have already made payments.

He issued a perpetual injunction restraining the NBC, its servants, agents, or privies from sanctioning, fining, or suspending the plaintiffs’ license, contrary to the court’s judgment on the issues raised.

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Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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The Future of Entertainment: Why IPTV is Transforming Television Viewing

Published

3 hours ago

on

09/04/2026

By

IPTV Nigeria

The way people consume television content has changed dramatically over the past decade. Traditional cable and satellite TV are steadily being replaced by more flexible and internet-based solutions. One of the most popular innovations in this space is IPTV, or Internet Protocol Television. This technology allows users to stream their favorite shows, movies, and live channels directly over the internet, offering greater convenience and a wider range of content.

IPTV is gaining traction globally because of its adaptability and user-friendly features. Unlike conventional broadcasting methods, IPTV does not rely on fixed schedules. Instead, viewers can choose what they want to watch and when they want to watch it. This on-demand flexibility has made IPTV a preferred choice for modern audiences who value control over their entertainment experience.

Another major advantage of IPTV is its cost-effectiveness. Many users find that switching to IPTV significantly reduces their monthly entertainment expenses while providing access to a broader selection of channels. From sports and news to international programming and premium movies, IPTV platforms cater to diverse interests without the need for multiple subscriptions.

For those interested in exploring reliable IPTV services, platforms like iptv provide a comprehensive solution. They offer a variety of channel packages, high-quality streaming, and consistent service performance. With stable internet connectivity, users can enjoy seamless viewing without the interruptions often associated with traditional broadcasting systems.

In addition to affordability and variety, IPTV also supports multiple devices. Whether you prefer watching content on your smart TV, smartphone, tablet, or computer, IPTV services are designed to be compatible across different platforms. This level of accessibility ensures that users can stay connected to their favorite content anytime and anywhere.

Another key feature that sets IPTV apart is its advanced functionality. Many IPTV services include features such as pause, rewind, and recording options. This allows viewers to customize their viewing experience further, ensuring they never miss important moments. Moreover, interactive features and personalized recommendations enhance user engagement, making IPTV more than just a passive viewing experience.

Security and reliability are also important considerations when choosing an IPTV provider. Reputable services prioritize user data protection and offer stable servers to ensure uninterrupted streaming. Choosing a trusted provider like iptv can make a significant difference in overall user satisfaction, as it ensures both quality content and dependable service.

As internet infrastructure continues to improve worldwide, the future of IPTV looks promising. Faster speeds and better connectivity will only enhance the streaming experience, making IPTV even more appealing to a broader audience. It is clear that IPTV is not just a trend but a long-term evolution in how people consume media.

In conclusion, IPTV represents a modern, flexible, and cost-effective alternative to traditional television services. With its wide range of content, multi-device support, and advanced features, it has become a leading choice for entertainment in the digital age.

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MoMo Gives Iraboko Lagos Residents Financial Grant, POS Devices

Published

16 hours ago

on

08/04/2026

By

Y’ello Box digital centre Iraboko

By Modupe Gbadeyanka

At least two residents of the Iraboko area of Lagos State were recently given a N100,000 grant each by the mobile money arm of MTN Nigeria, MoMo Payment Service Bank (PSB).

The beneficiaries, Mr Ibrahim Abdulrazaq and Ms Sobanke Rasheedat, were also each given a POS device to launch their own businesses at the commissioning of a new Y’ello Box digital centre in Awoyaya.

“I’m so happy that I’m among the people they picked. I really appreciate it. This MoMo account means a lot to me,” Ms Sobanke enthused.

“I would like to use the money to upgrade my business because I’m a business owner. I sell bags. And my mom sells flowers,” she added.

The digital centre cited in the community is to equip the local population, particularly women, with the necessary digital financial skills to navigate the modern economy and secure their families’ futures.

The Central Bank of Nigeria recently stated that there is still an over 20 per cent gap left to meet its National Financial Inclusion Strategy (NFIS) target of 95 per cent overall financial inclusion (this was originally set for the end of 2024).

Currently, 74 per cent of Nigerians are financially included, as of the first half of 2025. This presents an opportunity that MoMo PSB intends to step in to fill.

“Our initiative is centred on financial inclusion – ensuring that the economic value generated within this ecosystem remains in the community to fuel sustainable local growth,” the acting Chief Commercial Officer of MoMo PSB, Mr Victor Onyebuchi, stated.

The activation was an immersive experience led by the MoMo team, under the guidance of the company’s Chief Compliance Officer, Ms Deborah Odo-Effimi. Residents were taught how to use MoMo for secure transactions, SIM registrations, and business management.

To encourage the adoption of digital banking, MoMo rewarded active participants with prizes. Residents walked away with solar-powered fans to combat the heat, umbrellas for the rainy season, and branded caps and wristbands.

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Migo Emerges as West Africa’s Most Trusted Gift Card Trading Platform, Offering Instant Cash for Apple, Steam,Razer Gold, and 50+ Gift Card Brands

Published

1 week ago

on

31/03/2026

By

Migo Gift Card

The Migo – Sell Gift Cards app is redefining how Nigerians and Ghanaians convert unused gift cards into instant cash — with the best exchange rates, bank-level security, and payments delivered in minutes.

Migo, a leading fintech platform in West Africa, today announced a major expansion of its gift card trading services, positioning itself as the definitive solution for Nigerians and Ghanaians seeking to sell gift cards for cash at the best available market rates. The platform now supports over 50 gift card brands — including Apple Gift Card, Amazon Gift Card, Go2Bank Gift Card, Google Play Gift Card, Visa Gift Card, Steam Wallet, and many more — with instant payment directly to Nigerian bank accounts and Ghanaian mobile money wallets.

West Africa’s Gift Card Market Is Booming — and Underserved

Gift cards have become one of the most widely circulated financial instruments in Nigeria and Ghana. Driven by growing diaspora remittances, the rise of remote work, international e-commerce, and corporate reward programmes, millions of dollars worth of gift cards flow into West Africa every year.

Apple Gift Cards, Amazon Gift Cards, Google Play Gift Cards, iTunes Gift Cards, Steam Wallet Gift Cards, eBay Gift Cards, Vanilla Visa Gift Cards, American Express Gift Cards, Sephora Gift Cards, Go2Bank Gift Cards, and Razer Gold Gift Cards are among the most commonly received cards in the region. Yet the vast majority of these cards cannot be used for everyday purchases in Nigeria or Ghana — they are locked to US or UK retail ecosystems.

Millions of naira in gift card value go unused every month across Nigeria and Ghana because recipients do not know where to sell safely.

Until recently, those looking to convert gift cards to cash had few good options. Social media groups on WhatsApp, Telegram, and Facebook Marketplace were riddled with fraudsters. Unregulated local dealers offered unpredictable rates and slow payment. The market urgently needed a trustworthy, technology-driven platform.

Migo was built to fill exactly that gap.

Migo – Sell Gift Cards: Built for Nigeria. Built for Ghana. Built for Speed.

Migo – Sell Gift Cards is a mobile-first fintech application that enables users across Nigeria and Ghana to sell gift cards instantly, securely, and at the best exchange rates. Available on Android and iOS — and free to download — Migo has rapidly grown into one of the most trusted gift card exchange platforms in West Africa.

The platform was designed with a single mission: to eliminate the friction, fear, and financial loss that has historically defined gift card trading in West Africa. With Migo, the process of converting an Apple Gift Card to Naira, exchanging a Visa Gift Card for Cedis, or cashing out a Steam Wallet Gift Card takes minutes, not days.

Platform: Migo – Sell Gift Cards

Available in: Nigeria and Ghana

Supported cards: 50+ brands including Apple, Amazon, Google Play, Visa, Go2Bank, Steam, eBay, Sephora, iTunes, Razer Gold, and more

Payment methods: Nigerian bank transfer (all major banks) | MTN MoMo | Vodafone Cash | AirtelTigo Money

Official Website: www.migogiftcard.com

Download — Android: Google Play Store

Download — iOS: Apple App Store

Online trading — WEB: Trade Now

A Platform That Accepts Every Major Gift Card Brand

One of Migo’s most significant competitive advantages is the breadth of its gift card catalogue. Users can sell virtually any major gift card brand on the platform, including:

Technology & Entertainment Gift Cards

Retail & Shopping Gift Cards

Financial & Prepaid Visa/Mastercard Gift Cards

Fashion, Lifestyle & Other Gift Cards

No matter which gift card brand you hold, Migo’s platform is designed to give you the fastest, safest, and most financially rewarding exit.

https://youtu.be/tE4_Kb6-zmU?si=dLUdP0uuGtxOqTkw

Why Thousands of Nigerians and Ghanaians Trust Migo for Gift Card Trading

1. Real-Time Gift Card Exchange Rates — Always Transparent

Migo’s live rate engine continuously monitors the global gift card market and forex conditions to offer users the most competitive rates available. Whether you are checking the Apple Gift Card rate today, Amazon Gift Card rate in Nigeria, Visa Gift Card exchange rate, or Go2Bank Gift Card rate in Ghana — Migo shows you exactly what you will receive before you commit. No hidden fees, no bait-and-switch pricing.

2. Fastest Gift Card Payment in Nigeria and Ghana

Once your gift card is verified, payment is processed and delivered — directly to your Nigerian bank account or Ghanaian mobile money wallet — typically within minutes. Supported Nigerian banks include GTBank, Access Bank, Zenith Bank, First Bank, UBA, Fidelity Bank, Stanbic IBTC, and all other commercial banks. Supported Ghanaian wallets include MTN MoMo, Vodafone Cash, and AirtelTigo Money.

3. Bank-Level Security for Every Transaction

Migo uses end-to-end encryption and a multi-layered fraud detection system to protect all card details and personal data. Unlike anonymous social media sellers, Migo operates as a verified, regulated fintech business with full accountability.

4. Simple Onboarding — Start Trading in Under 5 Minutes

Download the app for free, register with your phone number or email, complete a quick identity verification, and you are ready to sell any supported gift card brand. The onboarding process takes under five minutes.

5. All-in-One Gift Card Trading Dashboard

Check live rates for multiple gift card brands simultaneously, track transaction history, manage payment methods, and contact support — all within the Migo app.

6. Dedicated Customer Support — 24 Hours a Day, 7 Days a Week

Migo’s support team is available around the clock through in-app live chat, email, and social media. For more information, visit www.migogiftcard.com.

How to Sell Gift Cards on Migo: A Simple 4-Step Process

Migo has streamlined the gift card selling experience into four simple steps:

Step 1  Download the Migo app for free from Google Play or the App Store.

Step 2  Register and verify your account in under 2 minutes.

Step 3  Select your gift card brand, enter card details, and review your live payout amount.

Step 4  Confirm your preferred payment method and receive cash — directly to your bank or mobile wallet.

Most Migo users go from opening the app to receiving payment in under 20 minutes.

The Gift Card Trading Landscape in Nigeria and Ghana: Key Facts

To understand why Migo’s services are in such high demand, it helps to understand the scale of the gift card market in West Africa:

  • Nigeria is one of the largest gift card trading markets in Africa, with millions of dollars in Apple Gift Cards, Amazon Gift Cards, and Visa Gift Cards received annually from the diaspora.
  • Ghana’s mobile money infrastructure makes it one of the fastest-growing gift card exchange markets on the continent.
  • Gift card scams cost Nigerian and Ghanaian users hundreds of millions of naira each year — making secure platforms like Migo essential.
  • The most traded gift card brands in Nigeria include Apple Gift Card, Amazon Gift Card, iTunes Gift Card, Google Play Gift Card, Visa Gift Card, Steam Gift Card, and eBay Gift Card.
  • The most traded gift card brands in Ghana include Apple Gift Card, Amazon Gift Card, Vanilla Visa Gift Card, Go2Bank Gift Card, and Google Play Gift Card.
  • Remote workers and freelancers in Nigeria and Ghana frequently receive payment in gift cards from US and UK employers, driving sustained demand for reliable gift card exchange platforms.
  • The Apple Gift Card rate in Nigeria and Amazon Gift Card rate in Nigeria are among the most searched financial queries in the country.

What Migo Users Are Saying

Across Nigeria and Ghana, Migo users consistently highlight three things: speed, security, and the best gift card rates. Here is what real users are saying:

Chukwuemeka, Lagos — Sold Apple Gift Card $100

NGN 162,000 received in 18 minutes

“I had been scammed twice on WhatsApp trying to sell my Apple Gift Card. Migo paid exactly what they showed me, with zero drama. Best gift card trading app in Nigeria, full stop.”

Abena, Kumasi, Ghana — Sold Amazon Gift Card $50

GHS 780 received via MTN MoMo in 23 minutes

“I use Migo for every gift card I receive now — Amazon, Google Play, Vanilla Visa. The rates are always the best I find anywhere, and the money comes fast.”

Biodun, Ibadan, Nigeria — Sold Go2Bank Visa Gift Card $500

NGN 814,000 received in 28 minutes

“For large amounts I need to trust the platform completely. I compared five platforms before choosing Migo. Best Go2Bank Gift Card rate, fastest payment, and zero hidden charges.”

Tunde, Abuja, Nigeria — Sold Steam Gift Card $200

NGN 326,000 received in 20 minutes

“I had a Steam Gift Card from a gaming client. Migo was the only platform that gave me a fair Steam Gift Card rate in Nigeria and actually paid on time. Highly recommended.”

Migo buy sell gift card

Frequently Asked Questions (FAQ)

Q1: What is Migo – Sell Gift Cards?

A: Migo – Sell Gift Cards is a mobile application that allows users in Nigeria and Ghana to sell gift cards for instant cash. The platform supports over 50 gift card brands and delivers payment directly to local bank accounts and mobile money wallets at the best available exchange rates.

Q2: Which gift cards can I sell on Migo?

A: Migo accepts a wide range of gift cards including Apple Gift Card, Amazon Gift Card, Google Play Gift Card, iTunes Gift Card, Visa Gift Card, Go2Bank Gift Card, Vanilla Visa Gift Card, Steam Wallet Gift Card, eBay Gift Card, Sephora Gift Card, Razer Gold Gift Card, American Express Gift Card, Mastercard Gift Card, Xbox Gift Card, Walmart Gift Card, Target Gift Card, Nike Gift Card, Nordstrom Gift Card, and many more. Check the full list in the Migo app.

Q3: How do I download the Migo app?

A: The Migo – Sell Gift Cards app is free to download. Android users can get it on Google Play. iOS users can download it from the Apple App Store. You can also visit the official website at www.migogiftcard.com for more information.

Q4: How long does it take to receive payment after selling a gift card on Migo?

A: Most transactions are completed within minutes. In some cases, depending on card verification, it may take up to 30 minutes. Migo consistently delivers faster payments than other gift card trading platforms in Nigeria and Ghana.

Q5: What is the current gift card exchange rate on Migo?

A: Gift card exchange rates on Migo are updated in real time and vary by brand, denomination, and current forex market conditions. To check the latest Apple Gift Card rate, Amazon Gift Card rate, Visa Gift Card rate, or any other brand, open the Migo app or visit www.migogiftcard.com.

Q6: Is it safe to sell gift cards on Migo?

A: Yes. Migo uses end-to-end encryption, multi-layer fraud detection, and strict identity verification to protect all users and transactions. Migo is a registered and regulated fintech business — not an anonymous social media trader. Thousands of users across Nigeria and Ghana have safely traded gift cards on the platform.

Q7: How do I receive my payment after selling?

A: You can choose to receive payment via Nigerian bank transfer (GTBank, Access Bank, Zenith Bank, First Bank, UBA, and all major banks) or Ghanaian mobile money (MTN MoMo, Vodafone Cash, AirtelTigo Money). Simply enter your account details in the app before confirming your trade.

Q8: Does Migo charge any fees or hidden charges?

A: No. Migo does not charge hidden fees. The exchange rate displayed in the app is the final payout rate — what you see is exactly what you receive. There are no surprise deductions after submission.

Q9: Can I sell gift cards in Ghana using Migo?

A: Yes. Migo is fully available in Ghana. Ghanaian users can sell all supported gift card brands and receive payment in Cedis directly to their MTN MoMo, Vodafone Cash, or AirtelTigo Money wallet, or via bank transfer.

Q10: Where can I learn more about Migo?

A: Visit the official Migo website at www.migogiftcard.com for the latest rates, supported gift card brands, platform updates, and support resources.

About Migo – Sell Gift Cards

Migo – Sell Gift Cards is a West African fintech platform dedicated to providing safe, fast, and transparent gift card trading services for users in Nigeria and Ghana. The platform supports over 50 major gift card brands, offers real-time exchange rates, and delivers instant payment to all major Nigerian banks and Ghanaian mobile money providers. Visit www.migogiftcard.com or download the app on Google Play or App Store to get started.

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