@Kieran Jeffery Thanks for your patience on this.
Upon deeper investigations over engineering team has identified a bug and a fix has been rolled out to mitigate this issue. I have tested and able to create the notification hub from the portal.
I would suggest you validate from your end as well.
I hope the answer helps. Please let me know if you have any further queries.
Please accept as Yes if the answer provided is useful, so that you can help others in the community looking for remediation for similar issues.