Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    XRP Price Overwhelmed by Regulatory Miss, Spot ETF Outflow

    August 7, 2026

    Live Update: FirstHoldco Tops N6.8trn on Otedola Calvados N18bn Bets

    August 7, 2026

    Betaglass Posts N16.2bn Profit in H1-2026

    August 7, 2026
    Facebook X (Twitter) Instagram
    Trending
    • XRP Price Overwhelmed by Regulatory Miss, Spot ETF Outflow
    • Live Update: FirstHoldco Tops N6.8trn on Otedola Calvados N18bn Bets
    • Betaglass Posts N16.2bn Profit in H1-2026
    • South African Rand Trades Sideways as Risk Sentiment Improves
    • Trump Orders Restriction on U.S. Birthright Citizenship
    • Oil Prices Rise, Brent Nears $84 over Shipping Route Uncertainty
    • S&P 500 Dips as Wall Street Bearish, European Markets Rally
    • Nigeria Rejoins World Energy Council, Inaugurates Governing Board
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, August 8
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Tech » NCC Holds Stakeholders’ Forum 5G Spectrum Auction

    NCC Holds Stakeholders’ Forum 5G Spectrum Auction

    Marketforces AfricaBy Marketforces AfricaNovember 15, 2022Updated:November 15, 2022 Tech No Comments3 Mins Read
    NCC Holds Stakeholders’ Forum 5G Spectrum Auction
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    NCC Holds Stakeholders’ Forum 5G Spectrum Auction

    The Nigerian Communications Commission (NCC) on Tuesday organised a stakeholders’ forum on the second and final phase of Fifth Generation (5G) spectrum auction in the country.

    The engagement afforded industry stakeholders the opportunity to discuss the draft Information Memorandum (IM) for the auction of the two remaining lots of the 3.5 gigahertz (GHz) spectrum band.

    Speaking at the forum, Prof. Umar Danbatta, Executive Vice Chairman (EVC) of the NCC, said the communication sector had witnessed a major increase in competition, driven by the government’s liberalisation policies.

    He said robust implementation of initiatives and policies over the years, had also stimulated the growth and development of the sector.

    “To date, the Nigerian Communications market is one of the biggest in Africa and is also the largest contributor to the Information and Communications Technology sector of the Nigerian economy.

    “From the latest statistics, Nigeria has an estimated population of 214 million, with an average growth rate of 2.6 per cent annually.

    “Approximately 76.46 per cent of the population is under the age of 35. In line with these demographic changes, broadband penetration increased from less than 10% in 2015 to 45.09% in September 2022.

    “Arising from the significant increase in broadband penetration in Nigeria, it has become vital for us to move to the next phase of global development of the sector, given the opportunities that abound for all stakeholders in the industry and the economy at large,” Danbatta said.

    He said NCC further intends to deepen broadband penetration in line with the Strategic Vision (Implementation) Plan 2021-2025, which among other things, seeks to promote fair competition, inclusive growth, increased investment and innovative services.

    The NCC Vice-Chairman said the commission was encouraging fair competition in the rollout of 5G services in Nigeria by auctioning the available lots in the 3.5GHz Spectrum band.

    He said the commission invited stakeholders to elicit comments on the draft Information Memorandum (IM) for the upcoming auction.

    “The decision to host the stakeholder engagement is in keeping with the provisions of the Nigerian Communications Act (NCA) 2003 and NCC’s distinctive tradition of robust stakeholder consultation on all telecom regulation-related issues”, he said.

    Danbatta assured that the commission would continue to develop policies and guidelines in conjunction with stakeholders for better service delivery.

    In June, the commission inaugurated a committee to develop the IM for the auction of 3.5 GHz spectrum band, utilised for early deployment of 5G technology services in the country.

    NAN reports that the Information Memorandum (IM) is a comprehensive document that defines the process emplaced by the commission for the auctioning of the 3.5GHz spectrum band.

    It also provides information on the Nigerian telecommunications market, details of the spectrum to be made available, the pre-qualification process, the auction process as well as the indicative timetable.

    While the potential bidders were not disclosed, the final payment deadline set for the last two winners of the spectrum auction is expected to elapse on Jan. 20, 2023.

    In February, NCC confirmed that MTN Nigeria and Mafab Communications Limited paid the sum $273.6 million each for the Fifth Generation spectrum license. READ: 5G Auction: Nigeria Plans to Achieve Largest Coverage in Africa

    In 2021, the first round of the auction of the 3.5 GHz spectrum ended with the three bidders, MTN Communications Plc, Airtel and MAFAB Communications, taking the current price of the spectrum from the reserved $197.4 million to $199, 374 million. # NCC Holds Stakeholders’ Forum 5G Spectrum Auction

    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

    Investors Optimistic Ahead of Apple Inc. Q3 Earnings

    OpenAI Says Model Goes Rogue, Hacks AI Startup Hugging Face

    NCC Reviews MVNO Business Rules to Deepen Competition, Expand Telecom Access

    US Lifts Restriction on Anthropic’s Claude Fable, Mythos 5

    NCC Seeks Presidential Backing for Local Smartphone Factories

    AI Future Depends on Resilient Telecom Infrastructure – Adebayo

    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Price Overwhelmed by Regulatory Miss, Spot ETF Outflow

    August 7, 2026

    Live Update: FirstHoldco Tops N6.8trn on Otedola Calvados N18bn Bets

    August 7, 2026

    Betaglass Posts N16.2bn Profit in H1-2026

    August 7, 2026

    South African Rand Trades Sideways as Risk Sentiment Improves

    August 7, 2026

    Trump Orders Restriction on U.S. Birthright Citizenship

    August 7, 2026
    Latest Posts

    Investors Optimistic Ahead of Apple Inc. Q3 Earnings

    July 24, 2026

    OpenAI Says Model Goes Rogue, Hacks AI Startup Hugging Face

    July 23, 2026

    NCC Reviews MVNO Business Rules to Deepen Competition, Expand Telecom Access

    July 16, 2026

    US Lifts Restriction on Anthropic’s Claude Fable, Mythos 5

    July 1, 2026

    NCC Seeks Presidential Backing for Local Smartphone Factories

    June 27, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    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.