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Outrage on Twitter as DStv increases subscription fees amid COVID-19 pandemic

Thousands of Nigerians have reacted to this development on Twitter.

Published

8 months ago

on

Outrage on Twitter as DStv increases subscription fees amid COVID-19 pandemic

In a surprising development, yesterday, some DStv subscribers were informed about impending price increases. For instance, DStv Compact subscribers were informed to expect a 13.3% price increase to N7,900 up from N6,975, starting September 1st.

Similarly, the subscription fee for DStv Compact Plus was increased by 9.8% from N10,925 to N12,000. Nairametrics also understands that the subscription fee for DStv Premium was increased from N16,200 to 18,400, indicating a 13.6% hike.

Part of the notice by the leading pay-tv provider said, “Dear Customer, please be advised of a price adjustment on your DStv Compact package from 1 September. Your new monthly subscription will be N7,900.”

READ: Pay-as-you-view: Startimes, Multichoice in a tussle for the Nigerian market

Note that this is happening barely a few days after lawmakers in Nigeria’s lower legislative chamber summoned the company’s management to explain an earlier price hike in June.

As widely reported, DStv’s owners informed customers at the end of H1 2020 that it would be increasing prices for its bouquets in a bid to reflect the new Value Added Tax. The company said it had been absorbing the additional 2.5% tax, in hopes that the federal government would revert to the old tax rate before the end of Q1 2020. It also claimed that it would no longer be able to continue absorbing the extra costs, hence the decision to shift the burden to the customers.

READ: CBN’s N154.38 billion T-bills auction over subscribed by 46% as rates fall marginally  

Nigerians are dumbfounded and outraged

In the meantime, thousands of Nigerians have reacted to this development on Twitter. The reactions range from shock to pure outrage, with many people wondering why the government is not doing enough to checkmate DStv which is owned by South Africa’s MultiChoice.

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Perhaps the saddest part of this development is the fact that it is happening amid the COVID-19 pandemic and the devastating economic hardship that has come with it. And even though Multichoice tried to explain why the hike has become inevitable at this point, many customers would not be placated.

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Emmanuel is a professional writer and business journalist, with interests covering Banking & Finance, Mergers and Acquisitions, Corporate Profiles, Brand Communication, Fintech, and MSMEs.He initially joined Nairametrics as an all-round Business Analyst, but later began focusing on and covering the financial services sector. He has also held various leadership roles, including Senior Editor, QAQC Lead, and Deputy Managing Editor.Emmanuel holds an M.Sc in International Relations from the University of Ibadan, graduating with Distinction. He also graduated with a Second Class Honours (Upper Division) from the Department of Philosophy & Logic, University of Ibadan.If you have a scoop for him, you may contact him via his email- [email protected] You may also contact him through various social media platforms, preferably LinkedIn and Twitter.

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    Business News

    NCC discloses application requirements for Proof of Concept trial license

    The NCC stated that it had been inundated with requests related to trial frequencies for the purpose of verification of certain concepts.

    Published

    6 mins ago

    on

    April 15, 2021

    By

    NCC Building, MTN, Glo, Airtel, 9mobile, NCC, Acquisition, Teleology

    The National Communications Commission (NCC) has released application requirements for trial frequencies in certain spectrum brands under the Proof of Concept (POC) Trial license.

    This was disclosed on Wednesday, April 14, 2021, in a statement signed by the Director of Public Affairs, Dr Ikechukwu Adinde; and made public on the Commission’s verified Twitter account, @NgComCommission.

    The NCC stated that it had been inundated with requests related to trial frequencies for the purpose of verification of certain concepts.

    The requirements listed by the NCC include:

    • The PoC trial license application must only be granted to Original Equipment Manufacturers(OEMS)/Vendors, or operators in conjunction with their Original Equipment Manufacturers.
    • PoC trial shall not exceed a period of three months effective from the date of approval.
    • Equipment for Proof of Concept must be ‘Type-approved’ by the Commission.
    • Appropriate Spectrum fees must be paid in accordance with the NCC’s regulations.

    In case you missed it

    Nairametrics reported that Nigerian telco giant MTN recently announced its acquisition of an additional 10MHZ spectrum in the 800MHz band from Intercellular Nigeria Limited.

    Continue Reading

    Business News

    Lagos State residents paid highest price for petrol in March 2021 – NBS

    The NBS revealed that the National Average price/litre of petrol was N172.68 in March 2021 compared to N145.40 in March 2020.

    Published

    17 mins ago

    on

    April 15, 2021

    By

    Subsidy and PIB, petrol price, PPPRA, We have sufficient PMS stock for 38 days- DPR 

    The National Bureau of Statistics (NBS) has revealed that Lagos State residents paid the highest average price for petrol in the country, in the month of March 2021, at N200.87 per litre; while Adamawa state residents paid the lowest average price in the month of March at N162.17 per litre.

    The NBS also revealed that the National Average price/litre of petrol was N172.68 in March 2021 compared to N145.40 in March 2020 and N166.24 in February 2021.

    This was disclosed in a report by the NBS CEO, Dr. Yemi Kale, yesterday, April 14, 2021, via his verified Twitter account @sgyemikale.

    On kerosene the NBS said:

    • National Average Price/litre at N361.29 in March 2020.
    • The states with the highest average were Taraba (N466.67), Ebonyi ( N450) and Benue (N448).
    • The States with the lowest average prices were Bayelsa (N250), Yobe (N296.43) and Katsina (N318.33)

    On Premium Motor Spirit (petrol):

    • National Average price/litre at N172.68 in March 2020
    • The states with the highest average were Lagos (N200.87), Ebonyi (N184.17) and Niger (N183.50)
    • The states with the lowest average prices were Adamawa (N162.17), Taraba (N162.67) and Bauchi (N164).

    What you should know 

    Recall that Nairametrics reported that the federal government has suspended plans to end its subsidy payments as reports indicate that the FG plans to spend N720 billion for the next 6 months on Premium Motor Spirit (PMS) subsidies.

    Continue Reading

      





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