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Netflix Hikes Subscription Prices Again in Nigeria, Premium Plan Sees a 40% Increase

Kehinde Giwa by Kehinde Giwa
July 24, 2024
in Entertainment
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Netflix Hikes Subscription Prices Again in Nigeria, Premium Plan Sees a 40% Increase
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Netflix has increased its subscription prices in Nigeria once more, with the Premium Plan rising by 40% from N5,000 to N7,000 per month.

This marks the second price adjustment by the streaming platform within three months, following an earlier increase in April.

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According to an update on the company’s website, the Standard plan, favored by many Nigerian subscribers for its HD quality and multi-screen options, now costs N5,500, up from N4,000, a 37.5% increase.

The Basic plan has gone up by 21% from N2,900 to N3,500, while the Mobile plan, the most affordable option, has seen a significant 83% rise from N1,200 to N2,200.

In April, Netflix had increased the Premium Plan from N4,400 to N5,000. The Standard Plan also saw a rise from N3,600 to N4,000, while the Basic Plan remained at N2,900.

At the time, Netflix explained that the price adjustments were part of a broader strategy to revise subscription fees across different regions. The company stated that these changes aim to accelerate revenue and earnings growth and support the expansion of content offerings.

Tags: 40%NetflixSubscription
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