The Brexit Party leader had been a regular presenter on the radio station. LBC said Mr Farage’s contract was due to end and following discussions he will stop hosting his show immediately.
LBC said in a statement: “Nigel Farage’s contract with LBC is up very shortly and, following discussions with him, Nigel is stepping down from LBC with immediate effect.
“We thank Nigel for the enormous contribution he has made to LBC and wish him well.”
Mr Farage is yet to make a comment on his departure from the radio station.
The news prompted a mixed reaction on social media.
One Twitter user wrote: “BIG mistake letting @Nigel_Farage go.
“His show was one of the few reasons I listened in. Many others will now feel the same.”
Another said: “@Nigel_Farage sorry to hear you’ve stepped down from LBC, you’re one reason to listen as at least you had a voice… wish you all best.”
A third added: “Please Nigel start your own broadcast.