MultiChoice, the company behind DStv, is preparing to raise the subscription fees for its Compact bouquet from ₦15,700 to ₦19,000.
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 ₦9,300 to ₦11,000 and ₦5,100 to ₦6,000, 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 ₦3,900 instead of ₦3,600, while GOtv Plus customers will see an increase from ₦4,850 to ₦5,800.
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.
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.
