Naspers Plans to Boost Nigeria TV Offering as Naira Weakens

John Ugbe, CEO of MultiChoice Nigeria. MultiChoice is a unit of South Africa’s Naspers.

Naspers Ltd., Africa’s largest company by market value, plans to use new products and services to attract more customers to its $58-a-month television offering in Nigeria as a weaker naira increases costs.

The media company, which broadcasts English Premier League soccer and international dramas such as Game of Thrones in Africa through its Multichoice unit, pays for some content in dollars and is therefore vulnerable to exchange rate volatility, John Ugbe, chief executive officer of MultiChoice Nigeria, said in an interview on Feb. 25 in Lagos, the commercial capital. Cape Town-based Naspers is in talks with telecommunication companies about increasing its mobile-television offering in Africa’s biggest economy, he said.

Read more: Naspers Plans to Boost Nigeria TV Offering as Naira Weakens – Bloomberg Business.

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