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Multichoice, the parent company of DSTV and GOtv, is set to increase subscription prices in Nigeria.
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The price hike, which is the second in less than a year, is attributed to the fall in the value of the naira and increased energy costs.
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The new prices are expected to take effect soon, with Compact bouquet subscribers facing a N3,300 increase, from N15,700 to N19,000.
Multichoice, the parent company of DSTV and GOtv, is set to increase subscription prices in Nigeria for the second time in less than a year.
According to sources, the price hike is attributed to the fall in the value of the naira and increased energy costs.
The new prices are expected to take effect soon, with Compact bouquet subscribers facing a N3,300 increase, from N15,700 to N19,000.
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Family and Access bouquets may also have their tariffs reviewed from N9,300 to N11,000 and N5,100 to N6,000 respectively.
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An industry source explained that businesses have been forced to increase prices due to the economic reforms implemented by the federal government, including fuel subsidy removal, naira floatation, and electricity tariff increase.
“Since 2023, when the federal government began its economic reforms… prices of goods and services have almost quadrupled, with the inflation rate at 34.80 per cent as at December, 2024,” the source said.
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