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Business

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ICT

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Capital Market

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FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

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NGX Expands Market Offerings with Introduction of Commercial Paper Listings

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NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

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Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

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Insurance

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GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

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Business

MTN: The Best Mobile Internet Performance in Nigeria 2025

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

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NGX Expands Market Offerings with Introduction of Commercial Paper Listings

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NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

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Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Insurance

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

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SanlamAllianz Takes Financial Education to Lagos Markets

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GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

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MAFAB HAS LAUNCHED 5G SERVICES IN NIGERIA – NCC

The attention of the Nigerian Communications Commission (NCC) has been drawn to some misleading comments on social media which falsely claimed that “MAFAB Communications, one of the companies granted Fifth Generation (5G) licences by the Commission is yet to roll out the service, nearly two years after obtaining a licence, and one year after the roll-out date.”

For a fact, MAFAB Communications is one of the two successful companies that won a 5G Licence during the globally-acclaimed transparent 5G Auction conducted by the Commission on December 13, 2021. 

Upon fulfilling the condition of payment for the fee of $273.6 million in February 2022, the company formally received the licence on February 22, 2022.

Consequent upon the issuance of the 5G licence, and in line with the rollout conditions, MAFAB publicly launched its services in Abuja on January 24, 2023, and in Lagos on January 26, 2023. At launch, the services were targeted at six cities – Lagos, Abuja, Port Harcourt, Enugu, Kano and Kaduna.

The Commission has continued to monitor the progress of rollout by MAFAB and has been regularly briefed about the status of infrastructure deployment for service offerings as conditioned in its operating licence.

The public and all stakeholders should ignore the false and misleading information concerning the 5G rollout by MAFAB. 

Reuben Muoka 

Director Public Affairs 

August 2, 2023

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