MTN Nigeria Communications Plc has projected an extra revenue of N1.34 trillion from its recently implemented 50 percent tariff increase on calls, data, and SMS.
On January 20, the Nigerian Communications Commission (NCC) permitted telcos to raise tariffs after a decade of lobbying for cost-reflective pricing. MTN has since implemented these new rates across its services, with call prices rising to N13.8 per minute (23 kobo per second) from N7.8 per minute (13 kobo per second) on its pulse bundle.
SMS rates increased to N6 from N4, while data prices have been adjusted within the approved range. As a result, MTN projects a ‘mid-40 percent’ boost in service revenue for 2025 in its recently released financial results.