Market News
Nigeria Agrees to 50% Telecom Price Hike After Lobbying - BLOOMBERG
Nigeria agreed to allow telecommunications providers to increase tariffs for the first time in 12 years.
The 50% adjustment was half of what companies including MTN Nigeria Communications Plc, had asked for to weather harsh economic conditions, including a 41% depreciation in the naira against the dollar last year and inflation running near a three-decade high.
