The new price increase was stated in a message sent to customers and published on its website.
According to messages sent to customers, the premium plan, which offers an ultra-high-definition picture and four screens, will now cost N7,000, up from N5,000.
The standard plan has also increased from N4,000 to N5,500. The mobile plan now costs N2,200, while the basic plan will now cost N3,500.
The review is in response to the naira depreciation in the foreign exchange markets.
The new Netflix price list is the second for Nigerian users in 2024. TechCabal reports that Netflix last reviewed prices for Nigerian users in April 2024.
The standard plan rose from N3,600 ($2.26) to N4,000 during that time. At the same time, the basic plan remained at N2,900.
Also, the premium plan was increased to N5,000 from N4,400, and the mobile plan was increased to N1,600 from N1,200.
According to Omdia, a London-based research firm, Nigeria accounts for only 10.5% of Netflix subscribers in Africa.
However, a spokesperson at Netflix said that the Omdia numbers are incorrect and that the company does not reveal regional numbers.
Meanwhile, TimesNow.com.ng earlier reported that a DSTV user narrated how his friend switched to DSTV after trying different TV plans.
In a video clip, he explained that his friend had signed up for Max Pro but was disappointed when he couldn’t show football matches like DSTV.
Eventually, his friend returned to DSTV to enjoy live football fully and get the best value for his subscription.
Source: TimesNow.com.ng
