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Broadcasting giant, Multichoice has decided to increase the price of its packages in Nigeria just days after the company experienced a substantial financial loss. The company recently lost $72m as seen in its Q3 report for 2023. Shortly after, MultiChoices offerings shot up as high as 20%.
- Multichoice experiences a $72M Q3 loss.
- The company increased the prices of its offerings in Nigeria days after the loss was announced.
- Currency and power challenges in Nigeria contribute to MultiChoice’s financial woes
As seen in the Nigerian newspaper, The Punch, “the DStv Premium package increased by 20.4 percent from N24,500 to N29,500. Similarly, the DStv Compact+ has gone up by 19.2 percent from N16,600 to N19,800 while the Compact package increased by 19 percent, from N10,500 to N12,500.”
Multichoice complications in Nigeria
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