Nigeria has approved new satellite permits for Amazon’s Kuiper Systems, Israel’s NSLComm, and Germany-based Satelio IoT Services, allowing them to expand space based broadband services in the country.
The Nigerian Communications Commission says the seven-year licences were issued under its commercial satellite communications framework, aimed at attracting investment and boosting connectivity. The approvals mean the new operators will join Elon Musk’s SpaceX, which already provides satellite internet services in Nigeria.
According to the NCC, the move supports its plan to open Africa’s largest telecoms market to next-generation non-geostationary satellite systems.
Amazon’s Project Kuiper will provide Ka-band services over Nigeria using its planned constellation of more than three thousand satellites from 2026. NSLComm’s BeetleSat network and Satelio’s Internet-of-Things satellite system have also been cleared, although Satelio currently has just one satellite in orbit.
The regulator says the decision will help fast-track satellite broadband expansion and align Nigeria with global best practices in satellite communications.
The NGX Services Sector Records Solid Gains, Reflecting Strong Performance in 2025.
The Services sector on the Nigerian Exchange delivered a strong performance in 2025, keeping pace with the broader market’s impressive gains.
Growth was driven by rising demand for transport and delivery services, a gradual recovery in travel and hospitality, and ongoing infrastructure projects.
Top performers included Eunisell Interlinked, Ikeja Hotel, and Associated Bus Company, all posting triple-digit returns. Red Star Express and other companies also saw solid gains, supported by increased transport and delivery
activity.
While the sector makes up a smaller portion of the market, it proved resilient and highlighted its value for investors looking to diversify their portfolios.
Early trading in 2026 has started on a positive note, with buying seen in mid-cap stocks and across broader sectors. The strong performance of the Services sector last year suggests it could continue to play a key role in portfolio growth as the new year unfolds.
