MTN Nigeria has denied reports that it has increased the prices of its recharge cards in the country, insisting that the face value of all its recharge card denominations remain the same.
Corporate Services Executive at MTN Nigeria, Wale Goodluck, said: “We have not effected a price increase and the retail prices of the various denominations of our recharge cards and recharge vouchers remain the same.”
MTN recharge vouchers come in the following denominations: N1, 500, N750, N400, N200 and N100.
But the telco’s recharge cards suddenly became more expensive at resellers last week, with investigations showing that the N1500 worth of airtime now goes for N1550 while the N200 worth sells for N220. Similarly, the N100 card goes for N110.
Resellers say they have no choice but to increase prices of the cards because the telco and its dealers have increased the margin they take on each of the cards, leaving them empty.
While the N1500 card was formerly sold to them by the dealers at N1430, it is now N1500 while N200 worth usually sold to them at N198 is has now moved to N199, one dealer said.
Before now, the N1000 worth of the N100 recharge card (that is 10 pieces) sold at N950, it is now N970 while the N95 paid for the N100 worth, it is now sold at N99, the reseller explained.
Like Goodluck, General Manager, Corporate Affairs, Corporate Service Division at MTN Nigeria, Funmilayo Onajide had said the cost of every card remains the value of its worth.
She said: The cost of every recharge card is the value stated on it. Any third party selling recharge cards at a value at variance with the face value is acting illegally. MTN has a well-established distribution structure and all our authorized partners within this structure are obliged to adhere to this. Any variance from the authorized face value of recharge cards is without MTN’s authority.”