Broadcasting company Multichoice has announced a significant hike in the prices of its offerings in Nigeria, marking the second increase in just four months.
The price adjustments affect all packages offered by the company and are scheduled to take effect from May 1, 2024.
Under the new pricing structure, the DStv Premium package will see a notable increase from N29,500 to N37,000. Similarly, the DStv Compact+ will rise from N19,800 to N25,000, and the Compact package will go up from N12,500 to N15,700.
For GOtv subscribers, the Supa+ package will surge from N12,500 to N15,700, the Supa package from N7,600 to N9,600, and the Max package from N5,700 to N7,200.
Furthermore, adjustments have been made across other packages: Comfam from N7,400 to N9,300, Yanga from N4,200 to N5,100, Padi from N2,950 to N3,600, HDPVR from N4,000 to N5,000, Access Fees from N4,000 to N5,000, and XtraView from N4,000 to N5,000.
Similarly, the Jolli package will see an increase from N3,950 to N4,850, Jinja from N2,700 to N3,300, and Smallie from N1,300 to N1,575.
This move comes on the heels of a previous price adjustment in December 2023, shortly after the company reported a $72 million loss in its financial statement for the third quarter of the year. At that time, prices were raised by 20 per cent across all packages.