This was confirmed in a text message sent to customers that the new rates will take effect on May 1, 2023.
The pay-tv firm said the price adjustment was due to the rising costs of business operations.
“Please note that from May 1, your monthly subscription (premium) will be N24,500. To retain your old price of N21,000 for up to 12 months ensure you are active by April 30,” the text message reads.
With the hike, the price on the Compact+ bouquet would move to N16,600 from N14,250 monthly.
Subscribers on the Compact bouquet will now pay N10,500 as against N9,000; while those on Confam package are set to pay N6,200 compared to the previous N5,300.
Meanwhile, subscribers on the GOtv Supa package will now pay N6,400 as against N5,500; with those on GOtv Max expected to pay N4,850 as against N4,150.
More so, the GOtv Jolli package price will increase to N3,300 from N2,800; while that of the GOtv Jinja and GOtv Lite will rise from N1,900 to N2,250; and from N900 to N1,100, respectively.
But despite the rate increases, MultiChoice Nigeria also made a price lock offer to subscribers who may renew their subscriptions before their due dates.
The offer, which is meant to cushion the effect of the price review, allows customers to pay the old rates for 12 months, if they pay monthly before the expiration of their subscriptions.