The directive by the Nigerian Communications Commission (NCC) to all telecommunications operators to block phone lines for subscribers whose SIMs are not associated with National Identity Numbers (NINs), will cost MTN Nigeria and Airtel a combined N516 billion in lost service revenues, MoneyCentral calculations from the Telco’s disclosures show.

MTN says it has complied with the directive and implemented the restrictions as communicated by the NCC, adding that about 47 million subscribers have submitted their NINs by 31 March 2022.

This represents approximately 67% of the Company’s subscriber base and 76% of service revenue as at Full Year 2021, according to MTN.

This means 33% of the Company’s existing subscriber base and 24% of service revenue will be lost to the restrictions equivalent to N397 billion, according to MoneyCentral calculations.

MTN Nigeria reported N1.65 trillion in service revenues in 2021.

Airtel for its part says it has collated NIN information for 73% of its active customer base which accounts for around 79% of its revenues from Nigeria.

Read more: https://moneycentral.com.ng/markets/article/blocking-non-nin-linked-sims-to-cost-mtn-airtel-n516-bn-in-lost-revenues/

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We all should bear the brunt one way or the other... I have had to call more thereby spending more, as so many of my people can not call out.

Mtcheeew.

Good

Cheers to another wonderful policy from the greatest failure in history

Loosing revenue at this time wey diesel don cost.

Na these telcos go suffer am.

They may go bankrupt