MICHAEL EHINDERO's BLOG

President Muhammadu Buhari has approved the collection of taxes on every phone call made by Nigerians. The telecom tax in the equivalent of a minimum of one kobo per second for phone calls and will be the source of funds required to finance free healthcare for the Vulnerable Group in Nigeria. Nigerians will have to pay more for phone calls as the federal government move to raise funds to finance free healthcare for vulnerable Nigerians President Buhari is reported to have approved the new tax before he embarked on a two-days condolence visit to UAE This is coming less than a month after the telecommunication industry operators wrote a letter demanding an upward review of tariffs on data and phone calls by 40% According to the Nigerian Communications Commission, Nigerians made 150.83 billion minutes of calls in 2020. This translates to 9.05 trillion seconds of calls, meaning the new tax will generate 9.05 trillion ko...

MTN Nigeria Communications PLC made N421.49bn from calls and data in the first quarter of 2022. This is a 20.32 per cent increase from N350.31bn that the telecoms company made from voice and data in the corresponding period of 2021. In its Q1, 2021 announcement, MTN revealed that it made N470.98bn in total revenue in 2022. According to the firm, its subscribers declined by 1.3 million to 70.2 million year-on-year because of regulatory restrictions on new SIM sales and activations. It added that its active data users increased to 35.9 million y-o-y, while its fintech subscribers rose to 10.7 million. Speaking on the results, MTN Nigeria Chief Executive Officer, Karl Toriola, said, “We continued to make good progress in the first quarter, building on the momentum we achieved in Q4 2021 and delivering several key milestones as we grow our connectivity business and platforms.