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Netflix, a popular video-streaming company, has increased subscription fees in Nigeria by at least 40%.
This is the second time in three months that the American streaming behemoth would raise its fees for Nigerian subscribers.
It said in a statement posted on its website: “As we continue to add more TV shows and movies and introduce new product features, our plans and prices may change. We also may adjust plans and pricing to respond to local market changes, such as changes to local taxes or inflation.”
Netflix currently offers four plans: mobile, basic, standard, and premium. The mobile plan, which only accommodates one user per time on a mobile device, will now cost ₦2,200, up by 83% from ₦1,200.
The basic plan has been increased to ₦3,500 per month from ₦2,900. The standard subscription which offers HD quality viewing on two devices at a time has been increased from ₦4,000 to ₦5,000 per month.
The premium plan offering Ultra HD quality on four devices at a time and download options on six devices will now be ₦7,000 per month.
Although Africa’s most populous nation, Nigeria is a small market for Netflix- accounting for 10.5% of total
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