Telecommunication giant MTN Nigeria has responded to the decision by the Nigerian Communications Commission (NCC) to approve a 50% tariff increase.

MTN Plc’s shares, yesterday, contributed significantly to lift the stock market higher by 0.8 % amid the Nigerian Communications Commission, NCC’s approval of a 50% tariff hike for telecommunication services.

MTN Nigeria says the approval of a 50 percent tariff adjustment for telecommunications companies (telcos) will go a long way to improving the country’s critical infrastructure and services.

Point-of-Sale (PoS) operators have disclosed plans to hike their service charge again following the 50 tariff hike approval for telecom companies by the government.

NCC explain say tariff rates neva change since 2013, despite di increasing cost of operation wey telecoms operators dey face.

MTN Nigeria has been given permission by the Nigerian Communications Commission to extend its first 800MHz spectrum band license for an additional ten years.