NCC and CAC Introduce Approval Requirement for Ownership and Shareholding Changes in Licensed Telecoms Companies

Significant changes are underway in Nigeria's telecommunications regulatory landscape. In a joint regulatory directive, the Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have introduced a new approval requirement for substantial changes in the ownership and shareholding structure of licensed telecommunications companies.

This development has important implications for investors, telecom operators, corporate advisers, and legal practitioners involved in corporate transactions within the sector. We examined the key highlights of the directive and what it means for stakeholders.