Thursday, July 25, 2024

Without warning Netflix does second 2024 price hike in Nigeria, this time by up to 83%.


by Thinus Ferreira

Netflix has just hiked prices in Nigeria for a second time in 2024 and without warning - this time by up to 83% and hitting its lowest-paying subscribers on its mobile-only plan the hardest.

The global streaming service unexpectedly hiked its monthly subscription fees in the West African country in April this year, and has now once again increased fees after just three months.

According to Netflix's website, the streamer's premium plan now suddenly cost N7000 - an increase of 40% from N5000.

Netflix's standard plan has increased 37.5% from N4000 to N5500, while the basic plan got hiked 21% from N2900 to N3500. 

Netflix's cheapest - its mobile plan - was shockingly increased by a whopping 83% from N1200 to N2200.

Netflix hasn't given any explanation for the price hike although Nigeria struggles with rampant inflation and a worsening economy. Netflix gave existing subscribers no warning that another pending price hike would be implemented.