MultiChoice cites high inflation, weak naira as it raises DStv, GOtv prices 19%

• For second time in six months
• Takes effect 6 November

Business a.m. Reporter

For the second time this year, MultiChoice, the Pay-TV operator, will from Monday 6 November raise the prices of its services in Nigeria, a notice the company sent to its customers and seen by Business A.M. has shown.

Prices are being raised by at least 19 percent across all DStv and GOtv packages, starting November 6, 2023, just five months after the last price increase.

In the notice it sent to subscribers, MultiChoice cited rising content acquisition, infrastructure maintenance, and operating costs as the reasons for the price increases.

The company also attributed the price increases to the country’s economic challenges, including high inflation and a weak naira.

The statement titled, “Price Adjustment on DSTV and GOtv Packages”, stated, “Dear valued customer, On Monday November 6, 2023 we will adjust our prices across all our packages on DStv and GOtv.

“We understand the impact this change may have on you – our valued customer, but the rise in the cost of business operations has led us to make this difficult decision.”

According to the statement, the premium package on DSTV will rise from N24,000 to N29,500, indicating a significant 20.4 percent increase from the May 2023 rates. Compact+ subscribers will pay N19,800, up from N16,600, reflecting a 19.3 percent increase from the May 2023 rates.

Compact, previously N10,500, will become N12,500, signifying a 19.5 percent increase from the May 2023 rates, while the subscription rate for Confam will increase to N7,400 from N6,200, marking a 19.4 percent increase from the May 2023 rates.

Yanga subscribers will witness an increase from N3,500 to N4,200, representing a 20 percent increase from the May 2023 rates.

The company increased the prices of its HDPVR Access Service, Access Fees, and Xtraview bouquets from N3,400 to N4,000.

However, the subscription rate for Padi remains unchanged at N2,500.

The prices for GOtv packages also increased as Supa Plus subscription was raised 19 percent from N10,500 to N12,500.

Supa subscribers are expected to pay N7,600 from the earlier N6,400, indicating  a 19 percent increase, while subscription rate for Max package was increased 19 percent from N4,850 to N5,700.

Jolli subscribers will now pay N3,950, a 19 percent increase from N3,300. Jinja subscribers will pay N2,700, a 20 percent increase from N2,250.