NCC and CAC Enforce Stricter Telecom Ownership Regulations

The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) jointly announced new regulations on June 21, 2026, aimed at tightening oversight of telecom ownership structures in Nigeria. The new rules mandate that any proposed transfer of ownership control amounting to 10% of total share capital in licensed telecommunications companies must receive prior regulatory clearance from the NCC.

This decision is in accordance with Section 90 of the Nigerian Communications Act of 2003 and Regulations 28(2) of the Competitive Practices Regulations of 2007, as well as Regulation 42 of the Licensing Regulations of 2019. The NCC will now review transactions affecting licenses to safeguard fair competition within the sector.

The CAC will approve changes in shareholding structures only when accompanied by a letter of no objection from the NCC. These measures aim to preserve fair competition, prevent anti-competitive practices, and enhance regulatory oversight and transparency in Nigeria's telecommunications industry.