MultiChoice, the pay TV company, is set to increase the monthly subscription rate of its DStv Compact bouquet from N15,700 to N19,000, industry sources have told TheCable.
This is coming almost one year after its last price review.
The fall in the value of the naira along with increased energy costs have been blamed for upward price reviews across across telecommunications, transportation and consumer goods in general.
Subscribers to Compact, Access and Family bouquets form the bulk of MultiChoice subscribers.
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Family and Access bouquets may have their tariffs reviewed from N9,300 to N11,000 and N5,100 to N6,000 respectively.
Meanwhile, the two highest-priced bouquets, Premium and Compact+, will also be affected by the rate review.
GOtv Value customers, who currently pay N3,600, will start paying N3,900, while the tariff on GOtv Plus will rise from N4,850 to N5,800, sources further told TheCable.
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“Since 2023, when the federal government began its economic reforms of fuel subsidy removal, naira floatation and electricity tariff increase among others, prices of goods and services have almost quadrupled, with the inflation rate at 34.80 per cent as at December, 2024,” an industry source said, adding that businesses have been forced to increase prices, with some doing so as many as three times last year.
Many companies have posted huge losses arising from foreign exchange instability.
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