Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip

    October 19, 2026

    Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele

    October 19, 2026

    DMO Hikes Interest Rates on Nigerian Government Bonds

    October 19, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip
    • Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele
    • DMO Hikes Interest Rates on Nigerian Government Bonds
    • Daily FX Update: Naira Depreciates as FX Liquidity Tightens
    • NGX Market Cap Sinks Below N160trn as Bears Strike Harder
    • Deutsche Bank Adds Nigeria to Forex Watchlist, Bullish on Naira
    • EIB Global, FCMB to Support Private Sector, Sustainable Agriculture with €85m
    • Ripple XRP Stages Price Recovery as Sell Pressure Eases
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, October 20
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » 5G Auction: Nigeria Plans to Achieve Largest Coverage in Africa

    5G Auction: Nigeria Plans to Achieve Largest Coverage in Africa

    Marketforces AfricaBy Marketforces AfricaDecember 13, 2021Updated:December 13, 2021 News No Comments3 Mins Read
    5G Auction: Nigeria Plans to Achieve Largest Coverage in Africa
    Isa Pantami, The Minister of Communications and Digital Economy
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    5G Auction: Nigeria Plans to Achieve Largest Coverage in Africa

    The Minister of Communications and Digital Economy, Prof. Isa Pantami, has assured that by 2022, Nigeria would have the largest Fifth Generation (5G) coverage in Africa.

    Pantami gave the assurance at the auction of the 3.5 gigahertz (Ghz) spectrum organised by the Nigerian Communications Commission (NCC) on Monday in Abuja.

    Two telecommunication companies are expected to emerge as winners after the auction of the 3.5 gigahertz (Ghz) spectrum

    The minister noted that 5G would solve some of the security challenges in the country since the technology provides real-time services and platforms.

    “We have already made a number of giant strides in the development of our digital economy and the development of 5G networks will further support our efforts.

    “This will harness the social and economic benefits that come along with it.

    “It will serve as a catalyst for the successful implementation of our National Digital Economy Development and Strategy (NDEPS) for a digital Nigeria,” he said.

    He noted that the National Frequency Management Council (NFMC) would ensure that the required spectrum for 5G standard was made available in the timeliest manner.

    He said that this would enable investment, innovation and competition in the development of 5G services for the benefit of consumers and businesses.

    He said that the 5G trial was critically reviewed by stakeholders with a view to understanding its health and security implications.

    “The review showed that 5G is safe for deployment in Nigeria and will not compromise our security as a country.

    “The World Health Organisation (WHO) and the International Telecommunications Union (ITU), organs of the United Nations, have confirmed that the deployment will not cause any adverse health effects and are safe,” Pantami said.

    NCC had announced that three telecoms companies were qualified as approved bidders for 5G permits after meeting all requirements for participating in the licensing process.

    The three qualified bidders for the 3.5 GHz spectrum are namely: MTN Nigeria, Mafab Communications Ltd and Airtel Networks Ltd participated in the software-based simulated auction. They used the Ascending Clock Auction System for the mock session.

    Each bidder is expected to go through a bidder room, which will begin with an opening round where all bidders are expected to participate.

    The Department of Security Service (DSS) would monitor the officials in each room and nobody will be allowed to leave the room until the process is over.

    The Commission in November fixed the price for the bid at N75 billion ($197.4 million). The telecommunications giants, however, asked for a slash on the licensing fee. # 5G Auction: Nigeria Plans to Achieve Largest Coverage in Africa

    Read Also: FG to Deploy 5G Network, Seeks Increase ICT Contribution to GDP

    Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip

    Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele

    DMO Hikes Interest Rates on Nigerian Government Bonds

    Daily FX Update: Naira Depreciates as FX Liquidity Tightens

    NGX Market Cap Sinks Below N160trn as Bears Strike Harder

    Deutsche Bank Adds Nigeria to Forex Watchlist, Bullish on Naira

    Add A Comment

    Comments are closed.

    Editors Picks

    Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip

    October 19, 2026

    Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele

    October 19, 2026

    DMO Hikes Interest Rates on Nigerian Government Bonds

    October 19, 2026

    Daily FX Update: Naira Depreciates as FX Liquidity Tightens

    October 19, 2026

    NGX Market Cap Sinks Below N160trn as Bears Strike Harder

    October 19, 2026
    Latest Posts

    Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip

    October 19, 2026

    Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele

    October 19, 2026

    DMO Hikes Interest Rates on Nigerian Government Bonds

    October 19, 2026

    Daily FX Update: Naira Depreciates as FX Liquidity Tightens

    October 19, 2026

    NGX Market Cap Sinks Below N160trn as Bears Strike Harder

    October 19, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.