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    MarketForces Africa » MarketForces News » NCC Temporarily Suspends Issuance of Communications Licenses 

    NCC Temporarily Suspends Issuance of Communications Licenses 

    Julius AlagbeBy Julius AlagbeMay 18, 2024 News No Comments1 Min Read
    NCC Temporarily Suspends Issuance of Communications Licenses
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    NCC Temporarily Suspends Issuance of Communications Licenses 

    The Nigerian Communications Commission (NCC) says it has temporarily suspended the issuance of new licenses in some categories.

    The commission said the categories included interconnect exchange license, mobile virtual network operator license and value added service aggregator license.

    The Director of Public Affairs, NCC, Dr Reuben Muoka, in a statement in Abuja on Friday, said the commission acted in line with its powers under the Nigerian Communications Act (NCA) 2003.

    “This temporary suspension is necessary to enable the commission to conduct a thorough review of several key areas within these categories, including the current level of competition, market saturation and current market dynamics.

    “The public is invited to note that during the suspension period commencing on May 17, new application for the aforementioned licenses will not be accepted.

    “This is without prejudice to pending applications before the commission will be considered on their merits.

    “Any enquiry or clarification in respect of this suspension notice should be forwarded to: licensing@ncc.gov.ng. #NCC Temporarily Suspends Issuance of Communications Licenses 

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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