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Business

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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ICT

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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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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