NCC, CAC require approval for telecom share transfers (opens original article in a new tab)

Nigerian telecom companies must obtain regulatory approval from NCC before making share transfers or ownership changes involving 10% or more of their share capital, as per joint directives from NCC and CAC.

• NCC and CAC require telecom companies to get approval for share transfers of 10% or more of share capital.
• Regulatory approval is needed before CAC can register ownership changes in telecom companies.
• The directive aims to ensure fair competition and prevent anti-competitive practices in the communications sector.