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Philately Business is a Serious Business- Ugo

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King Fhud of Egypt describes philately as king of hobbies and hobby for kings. Postage stamps are considered the most effective medium for immortalizing monuments and past histories, yet not many people know that there is more to stamp than mere affixing it on the envelope as a postal condition for carrying of letters. The name philately may sound strange to some people who do not understand what the business is all about, but for those in the known are actually  making their millions silently in this business which A.U Okpara of the Dept. of Fine and Applied Arts, Imo State University Owerri once  described as treasure in the trash.
The implication of the definition of Treasure is that the philatelist collects stamps from the trash cans- the useful part of the discarded envelope and recognizes its value as a work of art and places value on it.
 In this period when the world is experiencing economic meltdown with its ugly consequence on the capital market, Mr. Ugo C. Ugo, manager Philately Bureau Lagos has said that attention is now shifting to philately as a cool and sure way of making money. He said philately business is all about collecting and studying of stamps.
In talking about stamps collection and sale, Ugo insists that first and foremost there is need to know how the stamp is produced. He said that all the postage stamps you see in Nigeria are printed for Philately Bureau by the Security Printing and Minting Company (SPCMC).
He went further to say that there are two different types of stamps namely the definitive and commemorative stamps. Definitive stamp, he said, is the one that is produced to last for about five years while the commemorative stamp lasts just for six months. But Ugo said that the Philately Bureau can still sell commemorative stamps beyond six months even when they are not available in the general post offices. In fact he said the office can sell commemorative stamps for up to two years saying that this differentiates Philately office from the general post office business.  When stamps are produced, he said the chief finance officer of Postal Order and Stamp Supply (the unit that distributes the stamps) will collect the stamps and distributes to territories.
Ugo agrees that not many people know about the business of stamp studying and collection in Nigeria and says the few people that know about it are among the literate class quite unlike in developed countries of U.S, Britain, Germany and others whose postal services make a whole lot of money from philately business. Ugo says that philately business is a serious business and that there are stamp clubs all over the world where people who similar interest can belong.
Tracing the origin of postage stamps, Ugo said that postage stamp was invented by Sir Roland Hills, an Englishman who lived between 1795-1879. In Nigeria, he said that the history of postage stamp dates back to 1859 when a hand struck stamp with the inscription “Paid in Lagos was used.”  In June 1874 the first consignment of stamps were released in Lagos.
Stamp collection as a hobby started in Great Britain around 1840 when the first stamp issue was released but Ugo says it is general belief that the idea of collecting  stamps came from a Belgium school master who asked his pupils to adorn their atlases with stamps . He said that  this adornment became so appealing that in 1854 stamp collecting  was taken  more seriously and stamp clubs started emerging afterwards. In Nigeria, philately as a hobby was run on a small scale before 1969. in order to improve the standard and quality of Nigerian stamps and provide adequate philately services to Nigerians and foreign collectors, the Nigerian Philatelic Bureau was established in 1969.
Awareness about stamp collection and study is generally low in the country and Ugo says his bureau has been making efforts in recent times to sensitize the people about what philately is all about through the print and circulation of flyers and corporate gift items to members of the public. “ In abroad most postal services make about 70 per cent of their revenue from philately but in Nigeria, the philately is not developed and we are not making the type of money we are supposed to be making”, Ugo said .
To register as a stamp collector, what you need to pay is just a thousand naira and account will be opened for you.  Those abroad pay a minimum of forty U.S dollars for the same purpose and they can do everything online. Ugo says that some of the two thousand eight hundred philately members registered with the Nigerian Philately Bureau are white people.  Each stamp collector, according to Ugo must have a particular interest of stamps  he is collecting whether on animals, telecommunications, music , costumes etc  saying that the longer the year of stamp produced, the higher the amount it can attract on sale.  He said that when one pays one thousand naira as registration fee that the bureau uses that money to supply the member with postage stamps of various denominations for almost a year and that as soon as the money is exhausted, the Philately accounts officer will alert the member to come for renewal. 
Nipost Philately position as the 196th member of International Philately Federation five years ago underscores the fact that philately is a growing business worldwide and Nigerians stand to gain a lot from it.  The biggest challenge therefore is creating of awareness by the Nigerian Postal Service to educate the people on what they stand to gain from the hobby.
Chief J. Ade Fagbeminro is in his seventies but he has been in the philately business since early sixties when he said a friend introduced him to the business. Then he said the money they were getting from the business was not much but had real value. He said he has a network of buyers and belongs to international dealership associations. We have dealership association all over the world and whenever there’s need for stamps they call me. I deal in Nigeria stamps and other countries as well. People from abroad contact me on email and telephone to request for stamps”, Fagbeminro disclosed to Nigeria Communications Week. You too can tell the same beautiful story in future if you start now to invest into this gold mine.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Broadcasting

NCC Blocks Piracy Sites as Nollywood Faces Rising Digital Theft

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Nigerian Copyright Commission (NCC) has called for urgent adoption of advanced digital protections after blocking seven piracy sites amid escalating online threats to Nollywood content.

NCC Blocks Piracy Sites as Nollywood Faces Rising Digital Theft

The call was made during a webinar hosted by Greychapel Legal titled “Clicks, Streams, and Copyright: Who Owns Nollywood’s Digital Future?”, which brought together filmmakers, regulators, entertainment lawyers and media strategists to examine how content ownership and copyright enforcement are being reshaped by the digital age.

Lynda Alphaeus, director and head of the NCC Lagos Office, said the Commission has intensified its efforts to combat piracy across digital channels and is upgrading its operations to meet emerging threats.

According to her, Nigeria’s new Copyright Act was deliberately updated to strengthen creators’ rights amid the explosion of online distribution.

“NCC has worked, and is still working tirelessly to adapt Nigeria’s legal framework to cope with digital distribution challenges. We now have the power to block networks publishing illegal content, and we have already blocked seven websites distributing pirated Nigerian works,” Alphaeus said.

She revealed that the Commission has established a special taskforce known as the STOP Unit to coordinate anti-piracy operations online, alongside new awareness campaigns targeting local markets and schools to educate content creators and the public on copyright obligations.

Alphaeus urged filmmakers and producers to take ownership of their digital safety by deploying available technological protections to safeguard their intellectual property.

She explained that tools such as encryption help prevent unauthorised copying, blockchain technology offers immutable proof of ownership, digital watermarking allows creators to trace illegal uploads, while cloud security and regular offline backups protect creative files before they reach the market.

While noting that copyright in Nigeria does not legally require registration, she stressed that registering one’s work strengthens protection and provides legal presumptions that can be vital in enforcement.

“Whatever you register is presumed to be yours until proven otherwise,” she said, urging creators to invest in copyright knowledge as part of their business strategy.

Other speakers at the webinar reinforced the urgency of protecting Nollywood’s digital assets.

James Omokwe, film director, noted that while streaming platforms have created unprecedented opportunities for visibility and monetisation, they have also opened new vectors for intellectual property theft and unauthorised redistribution.

Solafunmi Laelle, media strategist,  added that audience data, which streaming platforms rely heavily on, will increasingly determine leverage and value in film licensing negotiations.

According to her, creators who lose control of their intellectual property, whether through piracy or unfavourable contracts, also lose access to valuable data that could shape their long-term earnings.

Nky Ofeimun, entertainment lawyer, emphasised the need for creators to understand the contractual implications of ownership, platform exclusivity, and reversion rights.

She noted that many filmmakers still underestimate how quickly digital copies can be illegally duplicated or uploaded once control is lost.

The panelists agreed that as Nollywood deepens its digital footprint, piracy will continue to evolve and become more sophisticated.

They stressed that the industry must respond with equally sophisticated tools, stronger contract negotiation, and improved education around copyright.


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Telecom

Minister Claims Bandits Exploit Poor Network, Bounce Calls Off Multiple Towers

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Bosun Tijani, minister of Communications, Innovation and Digital Economy, yesterday claimed that bandits and terrorists are able to communicate and coordinate their activities with ease because they exploit gaps in the country’s telecommunications network.

Minister Claims Bandits Exploit Poor Network, Bounce Calls Off Multiple Towers

Bosun Tijani, minister of Communications, Innovation and Digital Economy,

Tijani, who spoke  Politics Today, a Channels Television’s programme, on Friday, Tijani said the criminals exploit gaps in the country’s telecommunications network.

He also claimed the bandits use advanced technology to bounce calls across multiple towers in areas with poor connectivity.

“They weren’t using the normal towers; they bounced calls off multiple towers, which is why they favor areas that are largely unconnected,” he said.

When asked about reports that unregistered or fraudulently registered SIM cards are still in use despite the Bank Verification Number (BVN) and the National Identification Number (NIN)–Subscriber Identity Module linkage policies, Tijani said the issue is technically complex and the reports are not fully verified.

“Whether it’s fact or not, I do not know where you’re getting that from, and I do not know who has evidence that there are people with unregistered SIMs,” he added.

The minister stated that the federal government is investing in telecom towers in underserved regions, upgrading the country’s communication satellites to improve coverage, and expanding fiber-optic networks to strengthen the country’s digital infrastructure.

“If our towers are not working, our satellites will work. Nigeria is the only country in West Africa with communication satellites, and we are bringing new satellites to upgrade their capabilities,” Tijani said.

He added that these initiatives aim to ensure better connectivity for Nigerians while closing loopholes that criminals exploit, thereby enhancing national security.

The minister’s comments come amid rising concerns over insecurity in several parts of the North, where banditry, kidnapping, and terrorism have escalated in recent years.

There are also reports of bandits flaunting ransom payments on social media platforms such as TikTok, raising alarm among authorities and the public


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E-Financial

FIRS says MOU with DGFIP Won’t Compromise Nigeria Tax Data Sovereignty

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The Federal Inland Revenue Service (FIRS) has clarified that the Memorandum of Understanding (MoU) recently signed with France’s Direction Générale des Finances Publiques (DGFiP) is a strictly technical assistance and capacity-building framework.

The clarification comes after talks of concerns that the MOU  is a means for foreign interests to gain control over Nigeria’s sovereign tax data.

On Thursday, the Federal Inland Revenue Service (FIRS) signed an MoU with France’s Direction Générale des Finances Publiques (DGFiP).

“At no point does it grant France access to Nigerian tax data, digital infrastructure, or operational control of our systems. All Nigerian laws regarding data protection, sovereignty, and cybersecurity remain fully in force, and the MoU includes robust confidentiality and data protection provisions,” Umar Ahmed, director, Intergovernmental Affairs, Federal Inland Revenue Service, said in a recent release.

The DGFiP is one of the world’s most sophisticated tax administrations, with over 100 years of institutional experience, a workforce exceeding 90,000 professionals, and globally recognised expertise in digital tax systems, institutional governance, taxpayer services, and public finance management.

Ahmed said that the partnership is advisory, non-intrusive, and mutually beneficial, designed to strengthen FIRS’ institutional capacity as it transitions into the Nigerian Revenue Service (NRS).

“The collaboration provides Nigeria with a unique opportunity to learn from international best practices in workforce management, digital transformation, tax policy development, and regional cooperation, while ensuring that Nigeria retains full control over its tax administration and data,” he said.

Ahmed said that local technology providers are not being sidelined; FIRS continues to engage and collaborate with Nigerian innovators, including NIBSS, Interswitch, PayStack, and Flutterwave.

“The MoU is not intended to deliver technical services, but rather to provide capacity-building, advisory support, and knowledge sharing based on DGFiP’s extensive institutional experience. The collaboration focuses on institutional strengthening, workforce development, digital transformation guidance, taxpayer education, policy modernisation, and regional integration—all fully aligned with Nigeria’s sovereignty and national interests,” he said.

The director said that the service is far from compromising national control. This agreement represents a strategic initiative to modernise Nigeria’s tax administration, enhance institutional capacity, and strengthen the country’s long-term economic resilience.

“Nigeria remains fully in command of its tax systems, data, and policy direction. FIRS remains steadfast in its commitment to transparency, professionalism, and collaboration in the pursuit of national development,” Ahmed said.


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