DNF module enable returns "nothing provides requested module(name:stream:version)"

Issue

While trying to setup a custom repository, the below error is raised:

# dnf module enable php:remi-7.4
 :
Modular dependency problem: 
Problem: nothing provides requested module(moduleA:2:20231113181904)
Error: Problems in request:
Modular dependency problems: 
 Problem 1: nothing provides requested module(moduleA:2:20231113181904)
 Problem 2: nothing provides requested module(moduleB:7.4:20231113181904)