Netflix has again, increased its subscription fees in Nigeria to N7,000 per month for Netflix’s Premium Plan from its previous rate of N5,000, standard plan subscription increased from N4,000 to N5,500, down to other plans.
Recall that Netflix had just made an increment in April 2024.
This new increase affects all subscription packages, with significant percentage increases across the board.
With the latest price update, Nigerians will now be paying N7,000 per month for Netflix’s Premium Plan, which has seen a 40% increase from its previous rate of N5,000 per month.
The standard plan subscription increased from N4,000 to N5,500 representing a 37.5% increment, Basic plan, which was N2,900 has increased by 21%, which stands at N3,500 and the lowest subscription plan, Mobile, has gone up by 83% from N1,200 to N2,200.
Netflix which is popular among Nigerian subscribers for its HD quality and multi-screen viewing options, latest price increment makes it the second price adjustment by the platform within the space of three months in Nigeria, having implemented a price increment earlier in April this year.
At the time, Netflix said the price adjustment were aimed at accelerating its revenue and earnings growth, and to support the expansion of content offerings.
