In line with its powers under the Nigerian Communications Act (NCA) 2003 to grant and renew licenses, promote fair competition and develop the Communications Industry, the Nigerian Communications Commission has suspended issuance of new licenses in three categories. According to a statement issued and made available to our Correspondent in Abuja by the Commission, the affected categories include Interconnect Exchange License, Mobile Virtual Network Operator License and Value Added Service Aggregator License.

The temporary suspension, according to the commission 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 statement advised members of the public to note that during the suspension period commencing on 17th of May, 2024, new application for the aforementioned licenses will not be accepted adding that, this is without prejudice to pending applications before the Commission which will be considered on their merits.