MTN Nigeria, SWIFT tariff hike takes effect

News Update

MTN Nigeria has raised the prices of its internet plans to implement the 50% tariff increase approved by the Nigerian Communications Commission (NCC) in January. The revised prices now include a 1.8GB monthly plan for ₦1,500, replacing the previous 1.5GB plan priced at ₦1,000, according to an updated price list seen by online newspaper.

The 20GB plan has been adjusted to ₦7,500, up from ₦5,500, while the 15GB plan now costs ₦6,500, a rise from ₦4,500. Larger bundles have seen more significant increases, with the 90-day 1.5TB plan jumping from ₦150,000 to ₦240,000, and the 600GB 90-day plan increasing from ₦75,000 to ₦120,000.

“It’s not a 50% increase on every plan, but rather an across-the-board adjustment. Some plans remain unchanged to ensure we keep the grassroots connected. For instance, the 2.5GB daily plan at ₦600 has not been affected.”

SWIFT Networks has also increased internet prices by 50% across board.

Airtel and Globacom have yet to adjust their prices. However, a source at Airtel confirmed that the company had introduced a 25 kobo flat rate for all voice calls. Both Airtel and Globacom, along with other operators, are expected to implement the tariff hike later this month.

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According to a telecom industry source, the adjustments took effect on Monday afternoon, impacting data and voice plans. However, some daily plans have seen slight changes in validity. For example, a 2-day plan has been reduced to 1 day, while a 7-day plan is now valid for only 6 days.

The NCC approved the 50% tariff hike on January 20, 2025, following years of negotiations with telecom operators, who argued that the existing tariffs were unsustainable and didn’t account for inflation and the devaluation of the Naira. The telecom sector had been the only industry with unchanged tariffs for 11 years despite inflation hitting record highs.

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