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

MTN Nigeria Delivers N5.2 Trillion Service Revenue in 2025.

NGX Delivers Record Weekly Surge as Investors Gain N8.1 Trillion 

Investors Pocket N1.7 Trillion as NGX Banking and Industrial Stocks Rally

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

BREAKING: MTN Nigeria gets NCC approval to lease spectrum from NTEL.

MTN Nigeria Delivers N5.2 Trillion Service Revenue in 2025.

by Victoria Attah
February 27, 2026
0

MTN Nigeria Communications Plc has reported service revenue of N5.2 trillion for the 2025 financial year, underscoring its position as...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Delivers Record Weekly Surge as Investors Gain N8.1 Trillion 

by Jide Omodele
February 23, 2026
0

The Nigerian equities market capped an extraordinary week on Friday, February 20, 2026, with investors realising massive gains of approximately...

Nigerian Stock Market Witnesses N35 Billion Dip in Market Cap as Key Stocks Decline

Investors Pocket N1.7 Trillion as NGX Banking and Industrial Stocks Rally

by Stephen Akudike
February 20, 2026
0

The Nigerian Exchange Limited (NGX) extended its bullish run on Thursday, February 19, 2026, with investors realising gains of approximately...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

by Jide Omodele
February 17, 2026
0

The Nigerian Exchange Limited (NGX) recorded one of its strongest single-day performances on Monday, February 17, 2026, as the benchmark...

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

Top Story: Tinubu Present N27.5 Trillion As 2024 Budget

Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

February 27, 2026
Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

February 27, 2026

Popular Story

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

    US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Headline Inflation Eases Marginally to 15.10% in January 2026, Driven by Sharp Food Price Declines

    0 shares
    Share 0 Tweet 0
  • FG Takes Governors to Supreme Court Over Local Government Allocations

    0 shares
    Share 0 Tweet 0
  • Nigeria’s External Reserves Hit 8-Year High of $46.11 Billion, Bolstering Naira Stability

    0 shares
    Share 0 Tweet 0
  • kms tools office 2024 ✓ Activate Microsoft Office Easily ➔ Step-by-Step Guide

    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}
?>