Home Life Style Nigerian telecoms operators plot regulator for tariff hike

Nigerian telecoms operators plot regulator for tariff hike

by Good News

Register now for FREE unlimited receive entry to to Reuters.comABUJA, Would possibly perhaps 6 (Reuters) – Nigerian telecoms regulator stated on Friday it had received a letter from the affiliation of cell phone operators tense for a sure share hike in tariff for companies and products due to the excessive payment of operations.

Nigerian Communications Commission (NCC) stated there would possibly presumably presumably be justifiable reasons for the count on however that no tariff elevate shall be effected with out a payment-basically basically based mostly sight to uncover the suitable payment for companies and products.

Double-digit inflation has hit virtually each product in Nigeria with shoppers feeling the pinch from higher costs while a weaker naira currency has added to the costs, for a nation which relies on imports for overall items.

Register now for FREE unlimited receive entry to to Reuters.comInflation quickened to 15.92% in March, rising for a 2d straight month as costs for meals and non-meals objects rose.

The worth of diesel, which is frail to power mills by most companies in Nigeria, has extra than doubled within the past month while financial analysts train the impact of the Ukraine battle on native costs would possibly presumably presumably be felt within the coming weeks.

On Friday, Nigerian airways stated they’ll stop operations from Monday until extra sight due to the excessive payment of jet fuel. be taught extra

Register now for FREE unlimited receive entry to to Reuters.comReporting by Camillus Eboh
Writing by Chijioke Ohuocha; improving by Diane Craft and Marguerita Choy

Our Requirements: The Thomson Reuters Belief Tips.

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