Multichoice, a prominent broadcasting company, has once again upwardly reviewed its pricing structure in Nigeria, marking the second price hike in just four months.
A statement signed by its Chief Executive Officer, John Ugbe and sent to its customers on Wednesday noted that the increase was necessitated by the rise in the cost of business operations, adding that the increment would take effect on May 1, 2024.
“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,” the statement said.
With the latest price hike, the DStv Premium package increased from N29,500 to N37,000. Also the DStv Compact+ gone up N19,800 to N25,000 while the Compact package increased from N12,500 to N15,700.
READ ALSO: Reps probe Multichoice for N1.8tn, $342m tax fraud
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.
It was reported 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.
Credible News.ng
