MTN NIGERIA REVERSES 200% DATA BUNDLE TARIFF HIKE

th 2025 01 22T080458.996 3

MTN NIGERIA REVERSES 200% DATA BUNDLE TARIFF HIKE

Nigeria’s telecommunications giant, MTN, has reversed its 15G data plan 200 percent tariff hike.

The company disclosed this in a statement through its official X account on Thursday.

Recall that on Tuesday, MTN commenced implementation of a 200 percent tariff hike for the 15G data bundle alongside other data plans.

The hike had contravened the 50 percent telecom tariff hike approved by the Nigerian Communications Commission.

Meanwhile, in an update on Thursday, the firm apologised to Nigerians for the 15G data tariff hike.

“To our 15G digital bundle lovers, you dey vex. We know.

“We know how upsetting it must have been to suddenly wake up to a 200 percent increase on your favourite digital bundle.

“We could share several reasons and provide explanations, but omo, all that one na story. We don cast.

“We get it and admit it. Let’s just say na mistake.

“In this love season, don’t stay angry with us. Please forgive and forget. You matter die and we will never stop showing you how much,” the statement reads.

Recall that MTN Nigeria kicked off the implementation of 50 percent tariff hike on Tuesday.

However, in a move against the hike, Nigeria Labour Congress on Wednesday called on its members and Nigerians to boycott the services of telcos as a protest against the tariff hike.

  • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

    Related Posts

    LAGOS, AFRICA’S SECOND LARGEST CITY ECONOMY AS GDP HITS $259BN

    LAGOS, AFRICA’S SECOND LARGEST CITY ECONOMY, AS GDP HITS $259BN Nigeria’s commercial capital, Lagos, has made another economic leap, as its Gross Domestic Product (GDP) rose to US$259.75 billion based on Purchasing Power Parity (PPP), cementing the state’s position as one of Africa’s economic forces. The new economic milestone was announced during the official launch of the Lagos Economic Development Update (LEDU) 2025 on Wednesday, March 12. The report stated that Lagos has become the second-largest economy on the continent, only behind the Egyptian capital, Cairo, due to its impressive development. According to the report, the state’s Gross Domestic Product (GDP) stood at US$259.75 billion in 2023. It also noted that Lagos’s economy witnessed significant growth in the first half of 2024, expanding to N27.38 trillion, representing a substantial increase from N19.65 trillion in 2023. This growth highlights the robustness of Nigeria’s commercial capital, which has continued to show resilience amid economic reforms and ongoing infrastructural investments. However, the growth reflected a need for enhanced revenue mobilisation efforts, as shown in the tax-to-GDP ratio, which was unimpressive at 2.3%. Lagos economic outlookLooking into the future, Governor Babajide Sanwo-Olu-led Lagos State government has set ambitious projections for the 2025 fiscal year to bring economic expansion and stability. The service sector will continue on its expansion trajectory, with improvements in agriculture and industrial production complementing the success. Also, the continued decline in the prices of Petroleum Motor Spirit (PMS), popularly known as petrol, and a stable naira/dollar exchange rate are expected to aid economic stability. At the same time, the forecast puts headline inflation at 34.2%, with food inflation slightly higher at 34.9%. For revenue projection, the state government also anticipates generating N2.79 trillion in revenue for 2025, stressing the need for increased fiscal discipline and diversification of revenue sources.

    MARKETERS PROJECT N800/LITRE AS IMPORTED PETROL’S COST DROP TO N774/LITRE

    MARKETERS PROJECT N800/LITRE ASIMPORTED PETROL’S COST DROPS TO ₦‎774/LITRE The price war in the downstream oil sector intensified on Tuesday as major oil marketers moved to offer a lower price against the gantry loading cost of N825 per litre set by Dangote Petroleum Refinery. This development followed a revelation by marketers that the landing cost of Premium Motor Spirit (petrol) imported into Nigeria has dropped to N774.72 per litre. Marketers said the continued price plunge may lead to a reduction in the pump prices of PMS to about N800 per litre. Dealers said the N774.72 per litre landing cost, which factors in various expenses including shipping, import duties, and exchange rates, is a considerable reduction of N50.28 from the N825 per litre offered at the loading gantry of the Dangote Petroleum Refinery. The situation, according to industry stakeholders, has ignited a price war, with retail marketers now opting to dump the refinery products for imported products on the basis of lower pricing. Findings by The PUNCH also revealed that this decrease in landing cost is expected to influence the price at which petrol is sold to consumers and could increase marketers’ interest in returning to petrol imports. “Crude oil is a major component in the production of fuel, so a further reduction in its price would definitely warrant a drop in petrol price, and it is possible to drop to N800 per litre,” the National Publicity Secretary of the Independent Marketers Association of Nigeria, Chief Ukadike Chinedu, stated. Recall that last Monday, NNPC dropped its retail petrol price to N860 and N880 per litre from N945 and N965 in Lagos and Abuja, respectively. NNPC’s petrol price drop followed Dangote refinery’s retail fuel price reduction to N860 and N880 per litre across its retail partners. The refinery, in its second price reduction in the new year and the third one in a space of two months, reduced its ex-depot petrol price from N890 to N825 per litre to the delight of Nigerians. But the reduction by NNPC, the country’s largest fuel supplier, sparked a wave of competitive pricing among private marketers seeking to capture the market share in an environment where consumers are highly sensitive to price fluctuations. The pain of the price reduction was more significant for petrol importers as they lost an average of N2.5bn daily and N75bn monthly due to the PMS price reduction. But in a swift business survival strategy, these marketers have now secured fresh products at a cheaper cost that is now detrimental to the operations of the refinery. According to the latest competency centre daily energy data released by the Major Energies Marketers Association of Nigeria and obtained by our correspondent on Tuesday, the on-spot estimated import parity into tanks has reduced to N774.82 per litre, a reduction of N152.56 or 16.5 per cent from the N927.48 per litre quoted on February 21, 2025 (the last energy data on petrol). The average cost for 30 days also dropped to N864.92 per litre, while on-the-spot sale at the NPSC terminal was N927.53. The document also noted that the price of Brent crude was benchmarked at $70.36 per barrel, down from $76.48 per barrel quoted on February 21, with an exchange rate of N1,517.24 per dollar. This price was calculated based on 38,000 metric tonnes by the marketers. This cost is viewed as an improvement for importers, providing private depot owners and independent marketers with an alternative route to profitability and the opportunity to source cheaper products Further checks by our correspondent revealed that private depots have effected a price change lower than marketers off taking products from the refinery. An analysis showed that AA RANO depot has reduced its loading cost to N830 per litre, MENJ Depot now…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    LEGISLATIVE LAWYERS ASK SUPREME COURT TO REVIEW RIVERS ASSEMBLY JUDGEMENT

    CONTEMPT: NATASHA DRAGS AKPABIO, OTHERS TO COURT

    PDP CRISIS: WIKE’S CAMP KICK AS IKIMI PANEL RECOMMENDS ANYANWU’S EXPULSION

    GROUPS VOICE OUT ANGER OVER ALLEGED PLANS TO IMPEACH FUBARA

    WIKE CALLED BAUCHI GOVERNOR, BALA MOHAMMED, A BETRAYER FOR RENEGING ON PLANS AGAINST ATIKU ABUBAKAR

    LAGOS, AFRICA’S SECOND LARGEST CITY ECONOMY AS GDP HITS $259BN