The Nigerian Communications Commission (NCC) has introduced new Corporate Governance Guidelines for the Communications Industry, replacing the 2016 Code with a more enforceable framework aligned with the Nigerian Code of Corporate Governance 2018 and CAMA 2020.
In this publication, TEMPLARS Partner, Ijeoma Uju and Associates, Deborah Ehanire and Emediong Okodi, examine how the Guidelines reshape governance standards for all NCC licensees. Key changes include broader applicability, stricter board composition rules, tenure limits, mandatory compliance reporting, and clearer enforcement mechanisms.
The Guidelines which took effect from 1 March 2025 have a 24-month transition period for director tenure provisions. Operators are advised to review their governance frameworks to ensure full compliance with the new standards.