Fresh Ownership Rules Hit Nigeria’s Telecom Sector as NCC, CAC Tighten Grip on Telcos’ Ownership Changes

Abuja: The Nigerian Communications Commission (NCC) and Corporate Affairs Commission (CAC) have introduced a new compliance requirement.

The directive mandates prior approval for significant ownership changes in telecommunications companies operating in Nigeria.

The agencies announced the measure in a joint statement issued on Sunday in Abuja.

The statement was signed by Mrs Nnenna Ukoha, NCC…