How much does it cost to start a radio station in Nigeria?
On the average, you will need a minimum of 50 million naira to comfortably start a standard radio station in Nigeria. You should expect to spend a lot more if you are setting up the radio or TV station in popular cities in Nigeria like Lagos, Abuja and Port Harcourt.
How can I start an FM radio station in Nigeria?
First, you have to choose a business name and register it and your radio station with Corporate Affairs Commission ( C.A.C) as a legal entity in Nigeria. After registering with C.A.C, you need to forward an application to Nigeria Broadcasting Commission ( NBC) for a broadcast license.
How do I get a radio station license in Nigeria?
How to obtain a radio/TV license in Nigeria
- Application letter addressed to the National Broadcasting Commission of Nigeria seeking approval to purchase a set of application forms, indicating the kind of service (Radio, TV, MMDS, etc) and location(s) intended.
- Upon being granted approval to obtain the Application Forms.
How much is radio license in Nigeria?
The license fee for an initial term of five years is as follows: CATEGORY A: Any location in the FCT, Lagos and Port Harcourt: Radio – ₦20million, Terrestrial TV – ₦15million, Cable – ₦10million. CATEGORY B: Any location in all other states: Radio – ₦15million, Terrestrial TV – ₦11.25million, Cable – ₦7.5million.
What is the cost of setting up a radio station?
between INR15-30 lakh (excluding the cost of land and building) depending upon the equipment. Usually the cost of operating a CR station set up is around Rs. 90,000 to Rs. 1.5 lakh per month, including electricity, maintenance, office expenses and salaries/honorarium to the staff.
How much does it cost to start a radio station?
The cost of launching a radio station largely depends on the type of radio station. The largest startup expenses come from engineering fees (which can range from $500 to $3,000 to get on air), studio equipment (which can range from $5,000 to more than $100,000), and transmitting equipment.
How many radio stations are in Nigeria?
The nation has 82 AM radio stations and 35 FM stations. There are 11 short-wave stations in Nigeria.
Who is the owner of Passion FM Uyo?
PASSION FM 94.5 was incorporated in Uyo, Nigeria with Registration Number 2689509. It was registered on 13 Nov 2018 and it’s current status is ACTIVE.
Owners / Directors / Key management personal.
|Augustine Kevin Essien||Proprietor|
How do TV stations make money in Nigeria?
Nigerian TV stations have for years relied on paid adverts and sponsored programs as a revenue model shying away from developing their own content. … They air this content to their customers and also make a ton of cash on subscriptions, licensing and other ancillary revenues.
Do you need a TV license for the radio?
No, you do not need a TV Licence to listen to the radio (including on BBC Sounds).
How much is Nigeria License 2020?
Cost of 3-year driver’s license: ₦6,350. Cost of 5-year driver’s license: ₦10,450.
How do I pay for my NCC Licence?
- From the NCC website (www.ncc.gov.ng) Follow the REMITA payment option logo to access the NCC payment page. Select the Service Type that you are paying for. …
- From the Remita website (www.remita.net) Click “Pay FGN and State TSA” link. Select “Federal Government of Nigeria”