Popular Pay-TV company MultiChoice Nigeria has announced the appointment of Kemi Omotosho as its new Chief Executive Officer… The post MultiChoice Nigeria appointsPopular Pay-TV company MultiChoice Nigeria has announced the appointment of Kemi Omotosho as its new Chief Executive Officer… The post MultiChoice Nigeria appoints

MultiChoice Nigeria appoints Kemi Omotosho as CEO, effective from Jan 2026

2026/01/13 17:36
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Popular Pay-TV company MultiChoice Nigeria has announced the appointment of Kemi Omotosho as its new Chief Executive Officer (CEO) following the retirement of John Ugbe. The company said Omotosho’s appointment will take effect from January 2026. 

According to a statement by the company on Monday, Ugbe takes the exit door after almost 15 years of service in the company. During these periods, he led MultiChoice Nigeria to significant industry changes and market shifts.

MultiChoice added that Ugbe’s retirement and Omotosho’s appointment come amid a structured transition process aimed at ensuring continuity and stability in the company’s operation.

MultiChoice NigeriaJohn Ugbe and Kemi Omotosho

Omotosho has over 20 years of experience in media, telecommunications, and digital businesses across Africa. She joined MultiChoice in 2014 and rose through the ranks, including roles such as Executive Head of Customer Value Management and Group Executive Head of Customer Value Management for the Rest of Africa.

At some point in her career, she was the Regional Director for Southern Africa, where she led operations and strategy across multiple countries.

While reacting to the appointment as MultiChoice Nigeria’s CEO, ‎Omotosho mentioned that the development is a privilege and she looks forward to the new position. She described the Nigerian market as strategic and dynamic.

‎”I look forward to working with our teams and partners to deepen our relationship with consumers, champion local storytelling and the creative economy, as well as build a future-ready organisation that delivers sustainable value,” she added.

In her new role, Omotosho will be overseeing MultiChoice Nigeria’s strategy, daily operations and engagement with regulators, partners and other stakeholders. 

Omotosho’s career is shaped towards driving customer growth initiatives and key strategic campaigns, positioning her as a respected leader within the Pan‑African entertainment industry.  

Multichoice

Also Read: MultiChoice said it paid $538 million in tax in 2025, less than it paid in 2024.

MultiChoice woes 

The appointment comes at a time when MultiChoice Group navigated shifts in consumer behaviour, technology and regulation within the pay-TV and broader media industry. It also comes amid an ongoing struggle to regain lost ground in terms of revenue and subscriber loss.

In its latest financial results for the year ended March 31, 2025, MultiChoice Group reported a decline of 1.2 million in active subscribers to 14.5 million. Nigeria alone accounted for 77% of the 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.

On another negative point, MultiChoice Nigeria’s subscription revenue declined by 44% to $197.74 million in the financial year ended March 2025, down from $355.93 million recorded in the same period a year earlier. This was attributed to rising inflation and a worsening economic climate, which triggered the mass exit of subscribers.

Multichoice is considering Canal+'s $1.9bn buyout offer

In its latest effort to restore performance and regain customers, the company reduced the DSTV decoder price from N10,000 to N7,900 and N6,500 for GOtv in November. 

While reacting to the decoder price slash, the Pay-TV company said that the reduction is an attempt to reinforce its commitment to serving customers better. It added that it’s a move to keep entertainment within reach for all Nigerians.

The post MultiChoice Nigeria appoints Kemi Omotosho as CEO, effective from Jan 2026 first appeared on Technext.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Ethereum’s Fusaka Upgrade Poised to Enhance Scalability

Ethereum’s Fusaka Upgrade Poised to Enhance Scalability

The post Ethereum’s Fusaka Upgrade Poised to Enhance Scalability appeared on BitcoinEthereumNews.com. Key Points: Ethereum’s Fusaka upgrade enhancing blockchain scalability. Expected institutional adoption increase. Dilution risk for unstaked ETH holders grows. VanEck announced on October 4 that Ethereum’s Fusaka upgrade, scheduled for December 3, 2025, will ease data burdens on validators and enhance scalability for Layer-2 solutions. This upgrade aims to attract more institutional investors by reducing Layer-2 costs, potentially increasing ETH holdings and staking activities, while posing dilution risks for unstaked holders. Fusaka to Reduce Costs and Boost Adoption Ethereum’s Fusaka upgrade aims to boost scalability by increasing blob capacity, reducing validator data burdens, and lowering Layer-2 costs. VanEck addressed its potential for attracting institutional adoption. Observers note the risk of dilution for unstaked ETH holders as institutional participants take positions. Scalability improvements and decreased transaction costs are key changes expected from the upgrade. Additionally, heightened appeal to institutional investors suggests increased staking and liquidity within the Ethereum network. This leads to broader implications, including potentially greater network security and improved transaction speeds. “Both the blob capacity hard forks will more than double the current blob capacity.” – Christine D. Kim, Ethereum Researcher, Ethereum Foundation Market reactions have been notable, with observers pointing to past Ethereum upgrades that fueled increased Layer-2 activity and enhanced validator participation. As outlined by industry experts, the potential for network growth through these improvements suggests that Ethereum’s stature as a major blockchain could be further solidified. Ethereum Price Data and Future Implications Did you know? The upcoming Fusaka upgrade reflects a similar approach to Ethereum’s previous Dencun upgrade, which initially introduced blobs, reducing rollup costs and boosting Layer-2 expansion. Historical patterns indicate such upgrades induce spikes in Layer-2 usage. As of October 4, 2025, Ethereum (ETH) was priced at $4,486.13 with a market cap of $541,490,696,840 and a trading volume of $42,766,570,071, according to CoinMarketCap. ETH…
Share
BitcoinEthereumNews2025/10/04 19:06
JPMorgan Chase plans to accept Bitcoin as loan collateral. What's the underlying reason?

JPMorgan Chase plans to accept Bitcoin as loan collateral. What's the underlying reason?

After years of tension between cryptocurrencies and traditional finance, a symbolic shift is taking place inside the world’s largest bank. JPMorgan Chase & Co. is reportedly preparing to allow institutional clients to use Bitcoin and Ethereum as collateral for cash loans. This means that the bank's borrowers can pledge the two largest cryptocurrencies by market capitalization, and the relevant assets will be held by approved third-party custodians such as Coinbase. The program is expected to be launched by the end of 2025. The move is ironic given that the financial giant's CEO, Jamie Dimon, is a well-known cryptocurrency critic who has previously described Bitcoin as a "scam." But growing demand in the nascent cryptocurrency industry forced him to back the company's product launches. A new chapter in digital collateral JPMorgan's move could quietly rewrite the boundaries between digital assets and regulated credit markets. According to Galaxy Research data, as of June 30, the total amount of outstanding loans in centralized finance reached US$17.78 billion, a month-on-month increase of 15% and a year-on-year increase of 147%. If decentralized loans are included, the total balance of cryptocurrency-collateralized credit reached US$53.09 billion in the second quarter of 2025, setting the third highest record in history. These data reflect a structural shift: as digital asset prices rise, lending activity increases in tandem. The trend has narrowed credit spreads, making loans more attractive to traders and corporate treasuries. In addition, businesses have also begun to use cryptocurrency-collateralized lending to finance operations, replacing equity issuance with debt secured by digital assets. In this context, JPMorgan Chase’s entry is less an experiment than a decisive move by the institution to “catch up with its peers” in the emerging industry. In response, cryptocurrency researcher Shanaka Anslem Perera estimates that the model could unlock $10 billion to $20 billion in instant lending capacity for hedge funds, corporate treasuries, and large asset managers. These institutions want to access U.S. dollar liquidity without having to sell their cryptocurrency tokens. In practical terms, this means that companies can now raise funds using digital assets, using the same process as borrowing against U.S. Treasuries or blue-chip stocks. The significance of JPMorgan's move While cryptocurrency-collateralized lending is already common among decentralized finance (DeFi) protocols and small centralized finance lenders, JPMorgan’s involvement institutionalizes the model. The bank’s entry signals that digital assets are mature enough to meet the global financial industry’s standards for compliance, custody and risk management. Matt Sheffield, CIO of SharpLink, an Ethereum-focused finance firm, believes the development could reshape how asset managers and funds manage their balance sheets. “Until now, many traditional financial institutions that rely on bank transactions have had to choose between holding Ethereum spot and other positions,” he said. "The world's largest investment bank is working to change that. By borrowing against positions held by third-party custodians, institutions can build more profitable portfolios and increase the value of their collateral." At the same time, this decision also strengthens JPMorgan's overall layout in the cryptocurrency field. Over the past two years, the bank has built Onyx, a blockchain-based settlement network, processed billions of dollars in tokenized payments, and explored digital asset repo transactions. Accepting Bitcoin and Ethereum as loan collateral completes the closed loop of "issuance-settlement-credit", and all three links rely on blockchain infrastructure. Based on this, Sheffield predicts that this move will trigger a "competitive chain reaction" among large banks. He pointed out: “This will set off a wave. For large institutions, the deterrent of ‘being the first to act’ is huge. Once the risks are reduced, other banks will follow suit, and if they don’t act, they will lose their competitiveness.” Currently, competitors such as Citigroup and Goldman Sachs have expanded their digital asset custody and repurchase businesses; BlackRock has incorporated tokenized Treasury bonds (BUIDL) into its fund ecosystem; and Fidelity has doubled the number of employees in its institutional cryptocurrency department this year. Opportunities and challenges coexist Despite growing acceptance of digital assets on Wall Street, challenges remain. Banks involved in this market must deal with the inherent volatility of cryptocurrencies, uncertainty about regulatory capital treatment, and ongoing counterparty risk, all of which have limited their efforts to expand their cryptocurrency-backed lending businesses. US regulators have yet to issue clear capital weighting guidelines for digital collateral, forcing institutions to rely on conservative internal models. Even if custody risk is managed by a third-party custodian, regulatory oversight is expected to remain strict. Nonetheless, the trajectory of the industry is unmistakable, with digital assets becoming increasingly integrated into the fabric of global credit markets. Bitcoin analyst Joe Consoerti said the moves suggest that “the global financial system is slowly reallocating collateral around the highest-quality assets known to mankind.”
Share
PANews2025/10/27 13:00
PBOC Sets Strongest Fix In 34 Months, Signaling Strategic Shift

PBOC Sets Strongest Fix In 34 Months, Signaling Strategic Shift

The post PBOC Sets Strongest Fix In 34 Months, Signaling Strategic Shift appeared on BitcoinEthereumNews.com. Yuan Mid-Point Soars: PBOC Sets Strongest Fix In 34
Share
BitcoinEthereumNews2026/03/05 11:45