The Federal Government has asked telecommunication companies to reverse their recent 10 per cent hike of calls and data prices.
This decision means that telcos like MTN Nigeria and Airtel, who had initially increased the prices of their data bundles by about 10 per cent, will now need to revert to their old prices.
This was revealed by the Nigerian Communications Commission on Wednesday.
It stated that its decision to allow telcos such as MTN Nigeria and Airtel to review the prices of some of their tariffs was taken after it critically and realistically reviewed and analysed the operational environment and the current business climate in the nation.
The NCC said that even though the tariff adjustment was provisionally approved by its Management, its Board has now overturned it.