Broadcasting
FG Unveils SLTV, New Pay TV to Give Nigerians Value for Money
Federal Government has unveiled a new satellite pay television which will serve as an alternative to existing ones and satisfy the yearnings of Nigerians by giving them value for their money.
From left: Maj-Gen. Ahmed Jibrin (retd), representing the Minister of Defense, Mohammad Badaru; Niki Onyeri; Prof. Babatunde Bernard, representing the Secretary to the Government of the Federation, George Akume; the Director General of the National Broadcasting Commission, Charles Ebuebu; and the Managing Director Metrodigital Limited, Dr Ifeanyi Nwafor, at the unveiling of SLTV in Abuja on Thursday.
Senator George Akume, secretary to the Government of the Federation (SGF), disclosed this on Thursday at the official launch of an indigenous Nigerian satellite television, Silver Lake Television (SLTV), in Abuja, noting that the establishment of the outfit is in line with the desire of Nigerians to “reap from the bountiful harvest awaiting investors in the Nigerian economy”.
Akume commended the management of Metrodigital Limited (owners of the firm) for their patriotic step in setting up the satellite television, saying: “It is becoming very clear that we are on the right path to our collective recovery and prosperity. This is our country; the only one we can truly call our own and we must fix it by ourselves.
“In recent times, Nigerians have been yearning for alternatives to Satellite Pay Tv that can serve as an alternative to the existing ones. SLTV has responded very loud and clear and from the information made available to me, they are willing to give their fellow compatriot real value for their money in terms of service quality and affordability.
“It is gladdening that Metrodigital recognises the fact that the Federal Government has demonstrated an unwavering commitment through robust policies and legal frameworks to promote free competitive and responsible broadcasting service in Nigeria, devoid of any form of monopoly and unfair market practices in the broadcast industry in line with the determination of the administration of President Bola Tinubu to turn the Nigerian economy around.
“Since his ascendancy as the president of Africa’s most populous nation, the president has made enormous policy changes in his quest for economic recovery, one of the results being the reason that we have gathered here today.
“Nigeria is an opportunity that is impossible to replicate or find elsewhere in any part of the world. The Federal Government wishes to assure the management of SLTV of her full backing as they continue to do legitimate business in the broadcast industry of Nigeria.”
In his remarks, Dr. Ifeanyi Okafor, managing director of Metrodigital Limited, lamented that the growth of pay TV in Nigeria had been hampered by policies and legal frameworks that encouraged monopoly.
He said his firm was however, encouraged to invest because the government had started to take positive steps to address the issue.
“The pay TV industry in Nigeria has not actually witnessed a robust and accelerated growth since inception as witnessed in other places. The reason is as a result of the policies and legal frameworks that shape the practice and attitude of the industry participants. This allowed the dominant players to introduce monopolistic practices that over the years prevented innovation, growth and led to poor quality of service delivery.
“It is however gratifying that in the last few years, the Federal Government of Nigeria took the bull by the horn and addressed some of these underlying problems,” Okafor stated.
Speaking to newsmen at the ceremony, Charles Ebuebu, director general and chief executive officer of the Nigerian Broadcasting Commission (NBC), disclosed that the commission would consider the call by Nigerian pay satellite television subscribers for the introduction of pay-per-view options.
He, however, said that would he was re-negotiating the contracts already entered into by the content providers.
“Definitely, if it’s applicable, it will be considered. The issue is this, sometimes those discussions also need to start from when the content is acquired, because usually the traditional method of acquisition of content is that you license per month or annually, based on a 30 window.
“So, if you’re going to have to do a pay-per-view, you have to go back and negotiate it. Definitely, we do acknowledge in some instances, in other jurisdictions, some of those models come under different names really applicable so we’re also looking into it as a regulator,” he said.
Ebuebu assured Nigerians that the commission would look into the area of overpricing of content even as he affirmed that the general economic situation in the country affects all sectors of the economy.
He explained: “There are two sides to that coin; the first part to it is that with the current economic situation of the country, inflation and all of that, it’s not just broadcasting that is affected, all businesses are affected, so when you have prices being reviewed upwards, it’s not located only within the broadcast sector.
“However, we do acknowledge the fact that in some cases there have been exploitation in certain areas and as the NBC, we’re looking at it. Like I said, we’re reviewing our policies and regulations so as to create a viable competitive ecosystem in broadcasting where the consumers will be the ones who’ll have to choose and therefore, market forces determined prices and it’s not exploitative.”
MultiChoice is reportedly testing weekly subscription plans in Uganda, aiming to ease financial pressure on customers struggling with monthly payments.
If successful, the pay-TV giant may expand the model to other African markets as it fights to retain subscribers amid economic challenges, according to the Sunday Times.
The company, which operates in 16 African countries, has seen its subscriber base shrink by 1.2 million in the past year, dropping to 14.5 million.
Half of those losses came from South Africa, where high unemployment and rising living costs have forced households to cut discretionary spending, including DStv subscriptions.
Calvo Mawela, group CEO, MultiChoice, confirmed the weekly subscription trial has been running for seven weeks.
“Within three to six months, we’ll have a good idea if it’s working,” he told the Sunday Times.
“If successful, we’ll expand it to other markets. We believe this approach can help customers in the same way prepaid mobile services revolutionized telecoms.”
MultiChoice faces financial strain from currency depreciation in key markets like Nigeria, Angola, and Ghana, alongside rising inflation.
In South Africa, economic stagnation has further squeezed consumer budgets.
Despite a recent 31% price hike in Nigeria, Mawela remains optimistic, noting that the naira has stabilized and subscriber recovery may follow.
While the new payment option could improve affordability, Mawela dismissed the idea of letting users customize channel bundles, stating, “We still don’t think it works.”
However, MultiChoice is researching tiered packages, including separate sports and entertainment offerings, to boost revenue.
The company is also streamlining costs, targeting R2 billion in savings by 2026 through reduced satellite expenses, better content deals, and fewer decoder subsidies.
As broadband penetration grows, MultiChoice reports a 38% surge in DStv Stream users.
However, its standalone streaming platform, Showmax, has underperformed initial expectations despite a 44% increase in paying subscribers. Mawela admitted the venture’s high costs are unsustainable, prompting talks with partner Comcast NBCUniversal to adjust funding.
“Streaming is the future, but data prices must improve for it to thrive in Africa,” MultiChoice stated.
For now, the company hopes flexible subscriptions and cost controls will stabilize its business as it navigates a tough economic climate.
MultiChoice Nigeria’s subscription revenue declined by 44 per cent to $197.74m in the financial year ended March 2025, down from $355.93m recorded in the same period a year earlier, as rising inflation and a worsening economic climate triggered a mass exit of subscribers.
The sharp revenue drop was driven by “sizeable customer losses in Nigeria as high inflation adds more pressure on consumers,” the company said in its latest financial report. Inflation stood at 23.71 per cent in April 2025, according to the National Bureau of Statistics.
The pay-TV provider has lost 1.4 million subscribers in Nigeria since its financial year ended in March 2023.
Nigeria alone accounted for 77 per cent of the 1.8 million subscribers lost across MultiChoice’s Rest of Africa segment, which includes markets such as Kenya, Zambia, and Angola.
Between April and September 2024, the company lost 243,000 subscribers in Nigeria, as macroeconomic and consumer conditions deteriorated further.
At the close of its 2025 fiscal year, MultiChoice reported 14.5 million total subscribers, with 7.5 million of them in RoA. The group attributed part of the overall decline in performance to foreign exchange losses resulting from a 44 per cent depreciation of the naira against the US dollar.
MultiChoice said it incurred foreign exchange losses of $158.19m and managed to remit only $133m from Nigeria at an average exchange rate of N1,589 per dollar, compared to $184m at N1,044 per dollar in the previous year.
“Nigeria’s economic challenges had a significant impact on our Rest of Africa operations, contributing to a 23 per cent drop in RoA subscription revenue to $779.66m,” said Chief Executive Officer, MultiChoice Group, Calvo Mawela.
Total subscription revenue, including South Africa, declined by 11 per cent year-on-year to $2.27bn. Overall group revenue fell nine per cent to $2.87bn, while operating profit declined by 34 per cent to $263.50m. Trading profit dropped by nearly half to $228.14m.
“Our performance reflects both the challenges we’ve faced and the resilience of our teams,” said Mawela. “While macroeconomic pressures and currency volatility have weighed on our results, our disciplined execution, cost management, and investment in new long-term growth opportunities position us well for the future.”
In spite of its declining linear subscriber base, down 2.8 million across two financial years, MultiChoice reported notable growth in its digital and streaming businesses.
DStv Internet revenue rose 85 per cent, KingMakers grew by 76 per cent in constant currency, DStv Stream increased 48 per cent, and Showmax saw a 44 per cent year-on-year rise in active paying customers.
“Our strategy is shaped by developments in our industry, such as changes in technology which are driving shifts in consumer behaviour, as well as the impact of a rise in piracy, streaming services, and social media,” Mawela said.
Lagos State Electricity Regulatory Commission (LASERC) has issued a new directive establishing a formal regulatory framework for electricity market operations within Lagos.
With the release of Order No. LASERC ORDER/001/2025, the commission finalizes the shift of oversight from the Nigerian Electricity Regulatory Commission (NERC) to LASERC, aligning with the Electricity Act 2023 and Lagos State Electricity Law 2024.
Under the new regulations, individuals or entities involved in electricity-related activities in Lagos must obtain a license or permit from LASERC. Licenses issued by other regulatory bodies will no longer be recognized. Unlicensed operators must immediately halt operations and apply for proper authorization to avoid penalties, which include a fine of ₦20 million and additional daily fines of ₦20,000 for continued violations.
LASERC has encouraged entities unsure of their regulatory status to seek clarification to prevent sanctions. Despite the transition, existing national guidelines, including tariff structures, grid codes, and safety regulations, will remain in effect unless amended.
Dr. Fouad Animashaun, CEO and Executive Commissioner of LASERC, emphasized that the order is designed to ensure a secure, efficient, and reliable electricity market in Lagos.
He reiterated the commission’s commitment to global standards and safeguarding the interests of electricity consumers and investors.
This policy marks a significant shift in the state’s power sector and aims to enhance regulatory compliance while ensuring a more structured and effective electricity market.
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