NCC Grants Licenses to 7 New ISPs, Totaling 231 in Nigeria
- Increased Market Competition: The Nigerian Communications Commission (NCC) has granted licenses to seven new Internet Service Providers (ISPs), increasing the total from 224 to 231, which is expected to enhance service quality for users in a competitive landscape.
- License Duration: Each new ISP has been awarded a five-year license effective from January 1, 2026, to December 31, 2026, providing a stable operational foundation for new entrants to establish themselves in a fiercely competitive market.
- Growing User Demand: As of November 2025, Nigeria boasts 144.7 million internet subscribers with a record data usage of 1.236 million terabytes, indicating a strong demand for high-quality network services that will drive rapid growth in the ISP sector.
- Market Share Distribution: According to NCC data, Spectranet, Starlink, and FibreOne control approximately 65% of the active user market, highlighting a high concentration, while the entry of new ISPs is expected to further diversify and innovate the market.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SONIC
Technical Sentiment Analysis for Sonic SVM (SONIC) As of , Sonic SVM (SONIC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SONIC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SONIC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sonic SVM (SONIC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0136 | 0.0238 | 0.0339 | 0.0441 | 0.0541 | 0.0643 | 0.0743 |
| Fibonacci | 0.0238 | 0.0316 | 0.0363 | 0.0441 | 0.0518 | 0.0566 | 0.0643 |
About SONIC
About the author
