Broadcasting company Multichoice on Wednesday jacked up the prices of its offerings in Nigeria four months after its last increment.
The company reviewed prices in its packages across the board. The new prices will take effect from May 1, 2024.
With the latest price hike, the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ went up from N19,800 to N25,000 while the Compact package increased from N12,500 to N15,700.
The Comfam package moved from N7,400 to N9,300. Yanga package moved up from 4,200 to N5,100 while Padi package increased from N2,950 to N3,600. HDPVR was increased from N4,000 to N5,000, the Access Fees package from N4,000 to N5,000, and XtraView moved from N4,000 to N5,000.
Meanwhile, the Gotv Supa+ package moved from N12,500 to N15,700, Supa package from N7,600 to N9,600, and Max package from N5,700 to N7,200.
While the Jolli package was jacked up from N3,950 to N4,850, the Jinja package moved from N2,700 to N3,300, and Smallie package from N1,300 to N1,575.
The PUNCH reports that the company implemented an upward review of prices in December 2023, days after announcing a $72m loss in its financial statement for the third quarter of the year.
Checks on the company’s reviewed price list then showed a 20 per cent per cent hike in the company’s packages across the board.
In April 2023, the broadcasting company also announced an upward review of prices on its DStv and GOtv packages by 17 per cent.
This was confirmed in a text message sent to customers that the new rates will take effect on May 1, 2023.
The pay-tv firm said the price adjustment was due to the rising costs of business operations.
“Please note that from May 1, your monthly subscription (premium) will be N24,500. To retain your old price of N21,000 for up to 12 months ensure you are active by April 30,” the text message reads.
Also, in March 22, MultiChoice increased the prices of its DStv and GOtv packages.
Announcing the increase in a statement, the company said the rising costs of inflation and business operations led to the increment in the prices of the packages.
Multichoice said its DStv package will now cost – Premium (N21,000), Compact + (N14,250), Compact (N9,000), Confam (N5,300), Yanga (N2,950), Padi (N2,150), Business (N2,669), Xtraview + PVR access fee (N2,900)
