Nigerian Communications Commission Suspends Issuance of Certain Licenses

The Nigerian Communications Commission (NCC) has announced a temporary suspension on the issuance of new licenses in three specific categories: Interconnect Exchange, Mobile Virtual Network Operator, and Value Added Service Aggregator. This decision, effective from May 17, 2024, is aimed at allowing the Commission to conduct a thorough review of competition levels, market saturation, and market dynamics within these categories.

The NCC, exercising its authority under the Nigerian Communications Act (NCA) 2003, emphasizes that this suspension will not affect pending applications, which will still be evaluated on their merits. Stakeholders are advised to take note of this development as the Commission seeks to promote fair competition and further develop the communications industry.