MTN hopes that new tariff hikes in Nigeria will be a key step in helping to steady the group’s largest operation after almost two years of pain caused by a weakened naira.
After a six-year campaign by Nigeria’s mobile network operators, including MTN, the country’s government last month approved a 50% increase in mobile service prices for the first time in more than a decade.
“The approval of tariff adjustments by regulators in Nigeria, announced in January 2025, was a significant milestone in ensuring the long-term sustainability of our business and the telecom industry in the country,” said the group.