/home/kenneth/web/nigeriacommunicationsweek.com.ng/public_html/wp-content/themes/zox-news/parts/post-single.php on line 153
">
Warning: Undefined array key 0 in /home/kenneth/web/nigeriacommunicationsweek.com.ng/public_html/wp-content/themes/zox-news/parts/post-single.php on line 153
Warning: Attempt to read property "cat_name" on null in /home/kenneth/web/nigeriacommunicationsweek.com.ng/public_html/wp-content/themes/zox-news/parts/post-single.php on line 153
Mergers and Acquisitions as Survival Strategy
As competition is fierce especially in the courier industry where professional expertise, skills, knowledge and efficiency are king, companies can only survive by improving their efficiency, diversification and increasing their market share.
Abayomi Sanya, managing director/chief executive officer ,……. has explained that mergers and acquisitions are almost a daily occurrence in life as the economy today is dynamic and cannot be predicted with great certainty. He said mergers and acquisitions are forms of business re-organization or combinations that are embarked upon by companies or industries with the aim of creating synergies that will make them to operate effectively and efficiently.
Sanya said few of the courier companies operating in the courier industry are listed on the Nigerian Stock Market as they face the challenges of capital inadequacy, exchange rate instability, poor regulatory oversight and insider abuse, unstable government policies, lack of expertise and huge debt profile. He therefore said that synergy, achieved from business combinations leads to cost saving and revenue enhancement. As a result of the pooling of assets and interests together, Sanya said greater result will be achieved than when the parties were independent. According to him, synergy results into more effective management , greater economies of scale, improved operation techniques or business strategies, efficient combination of resources and redeployment of assets to more profitable uses. Further, he said it will also lead to reduction in operational costs, formation of a stronger human capital base and ultimately improve the profit margin.
Sanya in his presentation at the 2nd anniversary lecture organized by Bowill Errands, a foremost courier company , emphasized that mergers have become indispensable in the business world as many businesses cannot overcome the challenges that arise as a result of a dynamic environment saying that business firms now have to face increased competition not only from firms within the country but also from international competitors .

Warning: Undefined array key 0 in /home/kenneth/web/nigeriacommunicationsweek.com.ng/public_html/wp-content/themes/zox-news/parts/post-single.php on line 493
Warning: Attempt to read property "cat_ID" on null in /home/kenneth/web/nigeriacommunicationsweek.com.ng/public_html/wp-content/themes/zox-news/parts/post-single.php on line 493
Broadcasting
FG to Gift Nigerians over 100 Free TV Channels from May 15

National Broadcasting Commission (NBC) is set to launch so-called FreeTV, with over 100 channels for news, sports, education, entertainment and children’s programming in multiple Nigerian languages.

The launch is scheduled for May 15.
Charles Ebuebu, director-general, NBC, who disclosed this, said the new platform will offer free-to-air access with no carriage fees, leveraging hybrid satellite and internet delivery via NigComSat-1R.
The new plan is not an upgrade, the NBC stressed. This is a rebuild, according to Ebuebu .
FreeTV will be true free-to-air – no encryption, no set-top box barrier.
Any DVB-T2/S2 television will work. A mobile app will extend reach to phones and tablets.
The platform will launch with over 100 national, regional and state channels across sports, news, children’s programming, education, entertainment and cultural content in Hausa, Yoruba, Igbo, Tiv, Ijaw, Edo, Fulfulde, Ibibio, Efik and Nupe – all in HD.
Crucially, the NBC has partnered with a Bulgarian firm, GARB (operating since 2006 and recognised by the European Broadcast Union), to deliver a 94 per cent-accurate audience measurement system using return-path data, app analytics, demographic panels, and Artificial Intelligence (AI).
To qualify broadcasters, must commit their channels, produce a minimum of 60 per cent local content, and promote FreeTV until January 2029.
After that, a regulated tiered rate card takes effect.
According to NBC, the strategic rationale is simple: build viewers first, monetise later.
The document further revealed that six regional production hubs in Lagos, Abuja, Port Harcourt, Enugu, Kano and Benin would function as local content factories, expected to generate 500 to 1,000 jobs per zone within two years.
General News
FG New Approves Biometric Passenger Verification System for Airports Security

Federal government has signed a concession agreement for the deployment of a contactless biometric passenger verification system across Nigeria’s domestic airports.

The initiative, known as VPASS, is designed to strengthen aviation security, improve data integrity and boost revenue generation.
Festus Keyamo, minister of Aviation and Aerospace Development, said the agreement followed the concurrence of the Infrastructure Concession Regulatory Commission, the Attorney-General of the Federation and approval by the Federal Executive Council.
Keyamo said the system will eliminate discrepancies in passenger records, curb unauthorized boarding and ensure all domestic air travellers are properly identified, closing existing gaps in standard identification procedures.
General News
STBMAN, NBC Bicker over Alleged Due Process Breaches

Association of Licensed Set-Top Box Manufacturers of Nigeria (STBMAN) has waxed worriedly over the National Broadcasting Commission’s (NBC) repeated violations of due process in managing the country’s Digital Switch Over (DSO) project.

In a statement released in Abuja, Sir Godfrey Ohuabunwa, chairman, STBMAN, stated that the NBC’s actions are slowing down Nigeria’s transition from analogue to digital broadcasting and discouraging local investors who have committed resources to the project.
Ohuabunwa noted that Nigeria began serious discussions on DSO in 2008, yet 17 years later, the country has made little progress, while nations that once sought Nigeria’s assistance have completed their own transitions.
“STBMAN has repeatedly called for the protection of local manufacturers, strict compliance with the federal government’s White Paper on DSO, and full respect for the rule of law, but these calls have been ignored,” Ohuabunwa said.
The NBC’s alleged plan to import hybrid set-top boxes from China has been criticized by STBMAN, which says this move disregards the heavy investments already made by licensed Nigerian manufacturers and contradicts the President’s directive to prioritize locally made products.
“The manufacturers have invested in equipment, technology upgrades, and workforce training, expecting government support and policy stability,”he added.
E-Financial3 days agoHow Sterling Bank Is Empowering 1m Women with ₦500Bn
E-Financial3 days agoSee Key Changes in BVN Rule from May 1 by CBN
E-Financial3 days agoPaga Group Rejigs Leadership as Oviosu, Founder Becomes Group CEO
Broadcasting3 days agoINEC Warns Broadcasters against Misinformation ahead of 2027 Polls
E-Financial3 days agoReputation: The Real Currency Powering Fintechs
E-Business3 days agoJumia Expands Nationwide Footprint, Deepens Reach Across Underserved Nigerian Cities
News3 days agoGoogle, UpSkill Universe Relaunch Hustle Academy to Bring Free AI Skills to Africans
Telecom3 days agoMeta Unveils Muse Spark: MSL’s Groundbreaking People-First AI Model












