Barely three months after the recent price hike, Netflix has again increased subscription fees in Nigeria.
The new increment affects all subscription packages with a significant percentage across the board.
The development, according to Netflix, was to accelerate its revenue and earnings growth to support the expansion of content offerings.
With the latest price increase, Nigerians will now pay N7,000 monthly for Netflix’s Premium Plan, which has seen a 40 per cent increase from its previous rate of N5,000.
The standard plan subscription increased by 37.5 per cent from N4,000 to N5,500, which is popular among Nigerian subscribers for its HD quality and multi-screen viewing options.
Its Basic plan, which was N2,900, has increased by 21 per cent, which stands at N3,500, while Mobile, the lowest subscription plan, has gone up by 83 per cent from N1,200 to N2,200.
DAILY POST recalls that Netflix had, in April 2024, increased subscriptions for Nigerian users.
CREDIT: DAILY POST