RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Nigerian Businesses Invest N8.6 Billion in MVNO Licenses with NCC

Bolarinwa Mathew by Bolarinwa Mathew
March 21, 2024
in Business, Economics
Reading Time: 1 min read
A A
0
NCC to Eradicate the Issue of Multiple Taxation in the Telecoms Industry
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Amidst the ongoing business uncertainty in Nigeria’s telecommunications sector, 43 companies have collectively invested a staggering N8.6 billion to secure Mobile Virtual Network Operator (MVNO) licenses from the Nigerian Communications Commission (NCC).

MVNOs, as per their default operations, are poised to offer telecommunication services in areas that are currently unserved or underserved, leveraging the existing infrastructure of major mobile network operators (MNOs) such as MTN, Airtel, Globacom, and 9mobile.

AlsoRead

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence

Private Sector Credit Dips to N75.24 Trillion in January 2026 as Banks Stay Cautious

However, even as these new entrants prepare to penetrate the market, they face daunting challenges. The incumbent MNOs already hold a dominant position in the market, with a combined total of 224.4 million active subscriptions as of December 2023, according to data from the NCC. This market saturation, coupled with the ongoing enforcement of the NIN-SIM linkage ban, poses potential hurdles for new MVNOs in acquiring customers.

Despite the potential for growth in underserved areas, concerns persist regarding the capacity of MNOs to support the MVNOs’ operations. Current forex challenges have hampered the ability of MNOs to invest further in infrastructure, with industry leader MTN Nigeria citing currency devaluation as a significant factor affecting its investment capacity.

The MVNO framework released by the NCC outlines five categories of operators, ranging from tier 1 to tier 5. The licensing fees vary accordingly, with the highest tier 5 license priced at N500 million, followed by tier 4 at N200 million, tier 3 at N130 million, tier 2 at N60 million, and tier 1 at N35 million.

In light of these challenges, industry experts emphasize the importance of MVNOs offering unique Value-Added Services (VAS) to differentiate themselves from the existing MNOs. This strategy, they believe, will be crucial for the success of MVNOs in Nigeria’s competitive telecommunications landscape.

Tags: NCC
Previous Post

Gold Prices Hit Record Highs as Central Banks Continue Bullion Buying Spree

Next Post

CBN Clears Forex Debt, Triggers New Exchange Rate Expectations

Related News

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

by Stephen Akudike
March 10, 2026
0

Showmax, once positioned as Africa's homegrown challenger to global streaming giants like Netflix, has become a stark case study in...

FCMB Group Plc Reports Remarkable 108% Year-on-Year Profit Growth in 9M 2023

FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence

by Stephen Akudike
March 10, 2026
0

FCMB Group Plc has successfully met the Central Bank of Nigeria's (CBN) revised minimum capital requirement of N500 billion for...

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Private Sector Credit Dips to N75.24 Trillion in January 2026 as Banks Stay Cautious

by Jide Omodele
March 6, 2026
0

Nigerian banks extended N75.24 trillion in credit to the private sector in January 2026, marking a decline of about N590...

Multichoice to Launch Integrated Payments Platform

Showmax  to be shut down by MultiChoice after 11 years.

by Victoria Attah
March 6, 2026
0

In a major shake-up for Africa's streaming landscape, French media giant Canal+ has decided to discontinue Showmax, the continent's homegrown...

Next Post
CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Clears Forex Debt, Triggers New Exchange Rate Expectations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

US Dollar Slumps as Global Central Banks Signal Tighter Policy Amid Oil Surge

March 20, 2026
CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

Providus Bank Confirms N65 Billion Capital Base, Meets CBN Regional Requirement Since January 2025

March 20, 2026

Popular Story

  • Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

    US Dollar Slumps as Global Central Banks Signal Tighter Policy Amid Oil Surge

    0 shares
    Share 0 Tweet 0
  • Naira appreciates to N750/$ in the parallel market.

    0 shares
    Share 0 Tweet 0
  • Ortom’s Attack On Buhari Beyond Politics – Ex-presidential Aide

    0 shares
    Share 0 Tweet 0
  • NGX Suspends Trading of Three Insurance Firms for Delayed 2024 Audits

    0 shares
    Share 0 Tweet 0
  • NNPC Begins Exploratory Drilling in Nasarawa, to Grow Reserves to 50bn Barrels.

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>