The Nigerian Communications Commission (NCC) has stated that there may be justifiable reasons for the request but that no tariff increase will be made without a cost based study to determine the appropriate cost of the services.
Double-digit inflation has hit virtually every commodity in Nigeria, with consumers feeling the effects of higher prices while the weak Naira currency has raised costs for a country that depends on imports for basic commodities.
Inflation accelerated to 15.92% in March, increasing for a second consecutive month due to rising food and non-food prices.
The price of diesel, which is used to power generators for most businesses in Nigeria, more than doubled in the past month, as economic analysts say the impact of the war in Ukraine on local prices could be feel in the coming weeks.
On Friday, Nigerian airlines said they would halt operations from Monday until further notice due to the high cost of kerosene.