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MultiChoice Nigeria Loses 243,000 DStv, Gotv, Subscribers In Six Months Over Inflation, Price Hikes

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The South African pay-TV operator MultiChoice Group disclosed that its Nigerian unit, MultiChoice Nigeria, lost 243,000 subscribers on its Digital Satellite Television (DStv) and General Entertainment on Television (GOtv) services from April to September this year.

The company revealed these figures in its Interim Financial Results for the period ending 30 September 2024, which were released on Tuesday.

MultiChoice attributed this decline to Nigeria’s high inflation rate, which exceeds 30%, driven by the rising costs of food, electricity, and fuel, causing many customers to disconnect.

In its financial report for March 2024, MultiChoice had earlier reported an 18% subscriber loss in Nigeria.

The company further reported a 566,000-subscriber loss in the Rest of Africa operations over the past six months, with Zambia and Nigeria contributing the largest shares to this decline.

“With the Rest of Africa business having seen a decline of 803k subscribers in 2H FY24, this rate of decline slowed to 566k in 1H FY25,” stated MultiChoice.

The loss included 298,000 in Zambia and 243,000 in Nigeria, while other markets experienced a minor decline.

Extreme inflation and currency instability have negatively impacted the group’s profits, with MultiChoice Group CEO Calvo Mawela commenting, “We are making good progress in addressing the technical insolvency that resulted from non-cash accounting entries at the end of the last financial year.”

Mawela noted that the group’s net equity position is expected to recover by November.

With regard to Zambia’s losses, the company attributed them to extensive power outages caused by drought, leaving some regions with up to 23 hours of daily outages.

The company also cited competition from streaming services and changes in viewer preferences as pressures on its traditional pay-TV model.

To adapt, MultiChoice invested an additional ZAR1.6 billion in its streaming service Showmax, which reported 50% year-over-year growth.

Mawela added, “Showmax strategically positions the business to actively participate in the streaming revolution as it gains momentum across Africa.”

 

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Nigerian Art Icons Lemi Ghariokwu and Ini Dan to be Honored at Ojez Forum on Sunday

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A celebration of artistic excellence is on the horizon as the February edition of the Ojez Forum pays tribute to two giants of Nigerian art: Lemi Ghariokwu and Otunba Akang Ini Dan. The event will be held this Sunday at Ojez Lounge, National Stadium, Surulere, Lagos.

 

Lemi Ghariokwu, also known as Emmanuel Sunday, is a self-taught Nigerian visual artist celebrated for his distinctive and thought-provoking album cover designs. He is most recognized for his extensive collaboration with Afrobeat legend Fela Kuti, creating the artwork for 26 of Kuti’s albums. Ghariokwu’s art is distinguished by its vibrant colors, meticulous detail, and socio-political messages, reflecting African identity, activism, and cultural pride. His prolific career includes designing over 2,000 album covers for artists around the globe, including iconic figures such as Bob Marley, Miriam Makeba, and Lucky Dube. His work has been showcased in exhibitions worldwide.

Otunba Akang Ini Dan is the Managing Director and CEO of Fodak Production. He is also the founder and chairman of the Sister Heart and Visual Foundation, organizations dedicated to developing artistic talent and promoting Nigeria’s cultural heritage. As Vice President (South West) of the Society for Nigerian Artists, Otunba Dan has been a champion for artists’ rights and a facilitator of platforms for artistic expression.

 

The Ojez Forum is a monthly event that highlights individuals who have made significant contributions to the arts in Nigeria. This month’s gathering promises to be a special occasion, bringing together artists, enthusiasts, and patrons to celebrate the accomplishments of Lemi Ghariokwu and Otunba Akang Ini Dan. Attendees can anticipate engaging discussions, exhibitions, and performances showcasing the vibrant landscape of Nigerian art.

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KongaFM -103.7 Launches “Shop On Radio”

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For the first time in Africa, radio is no longer just about listening to music and advertisements; it’s added shopping. KongaFM -103.7, Nigeria’s pioneering Hit Music & Commerce radio station, is set to change the way Nigerians buy and sell with the official launch of “Shop On Radio.” On Monday 24th of February, 2025.

 

This is a game changer at a time Nigeria increased data cost by 50%.

 

This groundbreaking initiative, powered by an innovative partnership between KongaFM and Konga.com, turns live radio broadcasts into an interactive shopping experience, allowing listeners to place orders seamlessly, even without wasting so much cash on Data. Nigerian shoppers now have options with Konga.com and most importantly rock buttom prices on all items announced live on radio and delivered same day in lagos if orders are placed before 12noon.

 

Shoppers are encouraged to open a wallet with Kongapay.com as stock may be limited and orders shall be treated on first paid.

 

According to Mayowa Oladeji, Communications Lead at KongaFM, this marks a major shift in the e-commerce landscape.

“For the first time in Africa, radio is becoming an interactive shopping destination, bringing together millions of listeners and turning them into instant shoppers. We urge manufacturers and business owners to seize this opportunity by reaching out via WhatsApp, email, or Konga.com to showcase their products to a ready market.

Thanks to our innovative partnership, customers in Lagos who order during the show will enjoy guaranteed best prices and same-day delivery in Lagos, while we conclude logistics for same day delivery in other major cities of Nigeria before month of June this year, making shopping faster and more convenient than ever. This is a component of the future of commerce in Africa powered by KongaFM -103.7, streaming globally on kongafm.com 24hours every day.

 

How It Works

Listeners can tune in to “Shop On Radio” every morning from 7:00 AM – 8:00 AM and again in the evening from 5:00 PM – 6:00 PM. Products will be announced live on air, often with exclusive discounts, and customers can place orders instantly via WhatsApp or Konga.com. A KongaFM representative confirms the order, and for Lagos-based shoppers, delivery is completed the same day; a service made possible by Konga Logistics’ expanded fleet of 140 trucks, buses, and over 120 motorbikes.

Beyond Lagos, Nigerians across the country, and even in the diaspora, can participate by streaming live at kongafm.com, ensuring that no one is left out of this retail revolution.

A Win-Win for Shoppers and Businesses

With high internet costs, trust issues, and logistical inefficiencies still posing challenges to e-commerce in Nigeria, Shop On Radio offers a data-free, fast, and trusted alternative for both buyers and sellers.

 

For shoppers, this means exclusive deals, quick and easy WhatsApp ordering, and guaranteed same-day delivery in Lagos. For businesses, including manufacturers, distributors, retailers, and SMEs, this is a golden opportunity to reach a massive, engaged audience instantly and boost sales in real time.

Shoppers and merchants beyond Lagos can also seamlessly place orders or advertise their businesses, with Konga Logistics’ expanded fleet ensuring timely and efficient nationwide delivery.

 

To further enhance the experience, Konga.com has upgraded its call center to handle increased order volumes, ensuring smooth transactions and customer support.

More Than Just Shopping—A 24/7 Experience

KongaFM is more than a marketplace; it’s a dynamic platform designed to cater to diverse audiences. The station kicks off each day from 5 -7am with Morning Inspiration, featuring best global gospel music with uplifting words to start you day blessed captioned -Start your Day with God, and same All Sundays. It is inspiring both for Entrepreneurs, students, unemployed, employed and those retired. It is unbelievable these contents are domiciled in a Nigeria radio station powered by AI, ensuring a well-rounded listening experience beyond commerce.

KongaFm 103.7 in support of a new economy is also extending Free Advertisement to both big, medium and small businesses to showcase their products. Interested companies are advised to call 07080635705 or email info@kongafm.com

 

The future of shopping is here. Don’t just listen. Shop, sell, and save; all on KongaFM -103.7!

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Lagos Tourism commissioner on working visit to San Francisco film and entertainment commission

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Lagos Tourism commissioner on working visit to San Francisco film and entertainment commission

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