Just three months after the last price hike, Netflix has once again raised its subscription fees in Nigeria. The increase affects all subscription packages, with significant percentage hikes across the board.
According to Netflix, this change aims to accelerate revenue and earnings growth to support the expansion of its content offerings.
With the latest price increase, Nigerians will now pay N7,000 monthly for Netflix’s Premium Plan, a 40% increase from the previous rate of N5,000. The Standard Plan subscription, popular for its HD quality and multi-screen viewing options, has increased by 37.5%, from N4,000 to N5,500. The Basic Plan, previously N2,900, has increased by 21% to N3,500. Meanwhile, the Mobile Plan, the lowest subscription option, has seen an 83% increase, rising from N1,200 to N2,200.
It’s worth recalling that Netflix had previously raised subscription prices for Nigerian users in April 2024.