Mobile phone tariffs in Nigeria have remained unchanged for over 10 years.

Nigeria's telecoms regulator will approve a 50% increase in current tariffs following a request from telecommunications operators, in line with rising costs in Africa's most populous nation, it said on Monday.

MTN Nigeria has responded positively to the Nigerian Communications Commission (NCC) approval of a 50% tariff adjustment for telecommunications operators.

The government, through the Nigerian Communications Commission (NCC), is monitoring the situation to ensure that MNOs continue to provide high-quality services

Nigerian stocks climbed higher on Tuesday as the main equity index added 0.8 per cent or N472 billion on the back of the news of an approved 50 per cent upward tariff adjustment by the Nigerian Communications Commission, fuelling demand for the shares of MTN Nigeria.

Nigerian Communications Commission has approved the request of telecommunications companies to increase tariff.

MTN Nigeria Communications Plc’s shares jumped after the Nigerian government raised telecommunications tariffs by 50% to offset the impact of the collapse in the naira and surging inflation.Most Read

Nigeria’s telecommunications regulator will approve a 50% increase in current tariffs following a request from network operators, in line with rising costs in Africa’s most populous nation, it said on Monday.

Activist lawyer, Deji Adeyanju has described President Bola Tinubu’s administration as a “government from hell.” Adeyanju said Tinubu’s administration had vowed to finish off Nigerians with sufferings.