The Nigerian Communications Commission (NCC) has determined the new international termination rate (ITR) for voice services paid by overseas telecoms carriers for terminating international calls on local networks in Nigeria at USD0.045 per minute. The new rate will take effect on 1 January 2022 and has been set in US dollars (USD) to enable Nigerian operators to receive an increasing rate in Nigerian naira (NGN) terms to accommodate devaluation. The ITR rate is the minimum that can be charged; operators will be free to negotiate a rate above the floor and this will be entirely left to commercial negotiation between the operators and international carriers/partners. Previously, the ITR for inbound traffic was increased from NGN3.90 (USD0.009) to NGN24.40 per minute in October 2016 and the rate was maintained at this level from 1 June 2018.
