News Update

MultiChoice, the company behind DStv, is preparing to raise the subscription fees for its Compact bouquet from N15,700 to N19,000.

This adjustment is expected to take effect soon, according to industry insiders.

The increase comes nearly a year after the last price review.

The devaluation of the naira and rising energy costs have been identified as key reasons behind this change.

Many businesses in telecommunications, transport, and consumer goods have also raised prices in response to Nigeria’s economic conditions.

Other DStv packages will also be affected.

The Family and Access bouquets are expected to move from N9,300 to N11,000 and N5,100 to N6,000, respectively. Premium and Compact+ subscribers will also see new rates, though specific figures have yet to be confirmed.

Similarly, GOtv users will experience price changes.

GOtv Value subscribers will pay N3,900 instead of N3,600, while GOtv Plus customers will see an increase from N4,850 to N5,800.

Since 2023, economic policies such as fuel subsidy removal, currency devaluation, and electricity tariff hikes have caused the cost of goods and services to rise sharply.

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Inflation in Nigeria reached 34.8% in December 2024, forcing many companies to adjust their prices multiple times last year.

Businesses across various sectors have reported heavy losses due to currency fluctuations, making price hikes a necessary measure for survival.

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