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Budgets and Forecasts in Courier Business
Forecasting is a tool often employed in determining unknown variables when preparing budget while a budget is a detailed plan expressed in quantitative terms that specify how resources will be acquired and used during a specialized period of time. Budget will enable a courier company to be able to communicate company objectives throughout the firm, focus on planning for the future, effectively allocate resources, reveal bottlenecks, coordinate department objectives with the firm and provide benchmarks for performance evaluation.
Prince Gbolaham Oyegoke of Capacity Building & Management Services, Lagos said budget period varies depending on the organization and different levels of management to execute the budget. He said the budget period could be daily, weekly, monthly, quarterly or annually.
Oyegoke said zero-base budgeting as one of the modes of budgeting requires that the budget for virtually every activity in the organization is initially at zero even as he said that to receive funding during the budgeting process that each activity must be justified in terms of its continued usefulness. He said the approach forces management to rethink each phase of an organization’s operations before allocating resources. On the other hand, he said base budgeting is the approach that set the initial budget for each of the organization’s departments in accordance with a base package which includes the minimal resources or the sub-unit to exist at an absolute minimal level. Below this level of funding, Oyegoke said the subunit would not be a viable entity. Any increases above the base package would result from a decision to fund an incremental package which describes the resources needed to add various activities to the base package. He said the decision to approve such an incremental budget package would have to be justified on the basis of the costs-benefits of the activities included.
Looking at budget forecasting as a tool of planning, Oyegoke explained that understanding how to get the most out of your strategic plan is important. A robust strategic planning process, according to him, includes translating the strategic and operational objectives into pro forma financial results. By developing a robust financial forecast, the organization can validate and analyze the impact of assumptions and interpretation of information on the expected financial performance. The financial data compiled is a forecast is a forecast of what is expected to occur in the organization based upon the current knowledge of internal and external influences on the company.
Oyegoke said once the full plan has been developed the organization moves forward the implementation. This implementation phase, according to him converts the first year strategic plan and related financial forecasts into operational plans and budgets.
Budgets and forecasts are complimentary tools that enable organizations to understand what was expected to happen versus what really happened. Forecasts are looks into the future to project existing structures, operations, and systems activities that will continue from today and those that will be added-incorporating new information gained from actual results.

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E-Financial
UBA Surprises Thousands of Customers with Over ₦400 Million Cash Bonus

United Bank for Africa (UBA) Plc, Africa’s Global Bank, has rewarded thousands of customers with over ₦400 million in anniversary bonuses under its flagship UBA Bumper Account, reaffirming the Bank’s unwavering commitment to rewarding customer loyalty and promoting a strong savings culture.

The payout, one of the largest loyalty rewards under the Bumper Account initiative since its launch, saw qualifying customers receive anniversary bonuses directly into their accounts, demonstrating UBA’s resolve to create lasting value for customers who consistently save with the Bank.
The UBA Bumper Account is a unique savings product that rewards customers simply for maintaining and growing their savings. Every year an eligible account reaches its anniversary, customers receive a cash bonus, making disciplined saving both rewarding and beneficial over time.
Speaking on the milestone, UBA’s Head, Retail Products, Tomiwa Sotiloye, said the Bank remains committed to ensuring that customers benefit directly from their relationship with UBA.
“At UBA, we believe customer loyalty deserves meaningful recognition. Every bonus paid is our way of saying ‘thank you’ to customers who continue to trust us with their financial aspirations. Surpassing the ₦400 million milestone reflects our commitment to creating products that not only help customers save but also reward them in tangible ways. It is another demonstration that when our customers grow, we grow with them.”
He added that both new and existing customers can open a UBA Bumper Account seamlessly through https://on.ubagroup.com/bumper-tc, any any UBA branch, the UBA Mobile Banking App, by dialing *919#, or online, positioning themselves to qualify for future anniversary rewards.
Also speaking, UBA’s Group Head, Brands, Marketing and Corporate Communications, Alero Ladipo, said the Bank’s customer-centric philosophy continues to shape its product offerings.
“The UBA Bumper Account reflects our unwavering commitment to putting customers first. We deliberately design products that reward responsible financial behaviour while delivering real value. Crediting over ₦400 million directly into customers’ accounts is not just a payout; it is evidence of our promise to make banking more rewarding and to continually appreciate the confidence our customers repose in us.”
The UBA Bumper Account remains one of the Bank’s flagship retail savings products, combining competitive savings benefits, digital convenience and attractive loyalty rewards. It forms part of UBA’s broader strategy to deepen financial inclusion by encouraging sustainable savings habits while delivering exceptional customer experiences.
United Bank for Africa Plc is Africa’s Global Bank, serving over 45 million customers across 20 African countries, as well as the United Kingdom, the United States, France and the United Arab Emirates. Through innovative technology and customer-focused solutions, UBA provides retail, commercial and institutional banking services while driving financial inclusion across the continent.
Telecom
Lebara Nigeria Becomes Member of GSMA Network

Lebara Nigeria has become a member of the Global System for Mobile Communications Association (GSMA) as it expands operations in the West African country.

The membership places Lebara Nigeria within a global network of more than 1,000 mobile operators, device manufacturers, technology companies and digital service providers.
Through the GSMA, the company will have access to industry research, technical standards, policy engagement and industry initiatives.
Lebara Nigeria said the move reflects its participation in the wider telecommunications ecosystem as it develops its operations in Nigeria’s mobile market.
Nigeria’s telecommunications sector plays a central role in the country’s digital economy, with more than 170 million active mobile subscriptions supporting services such as digital payments, e-commerce, education and healthcare.
Industry analysts say participation in international bodies such as the GSMA supports knowledge sharing and the adoption of industry standards.
Lebara Nigeria said GSMA membership will support its engagement with industry developments and policy discussions in the telecommunications sector.
The company said it remains focused on operating in Nigeria’s mobile telecommunications market as demand for connectivity continues to grow.
GSM Association is the advocacy and lobbying organization for the mobile communications industry, representing more than 1,000 mobile operators as full members and a further 400 companies in the broader mobile ecosystem as associate members.
General News
FG to Abolish JSS-SSS Separation Policy after 20m Pupils Drop Out

Federal government has announced plans to end the separation between Junior Secondary School (JSS) and Senior Secondary School (SSS) as part of efforts to improve school retention and reduce the high number of pupils dropping out before completing secondary education.

Tunji Alausa, minister of Education
Tunji Alausa, minister of Education, announced the proposal on Tuesday during the inauguration of the Ministerial Implementation and Monitoring Committee of the Universal Basic Education Commission (UBEC) in Abuja.
Alausa said the existing “disarticulation policy,” which requires junior and senior secondary schools to operate independently with separate principals, management structures and facilities, has failed to achieve its intended objectives and has instead worsened access to education.
According to him, the Federal Government will present a proposal to abolish the policy at the next meeting of the National Council on Education (NCE), the country’s highest education policymaking body.
“We have 20 million dropouts from primary school to JSS. Where are those students?” the minister queried.
“We also found we have 80,000 public primary schools and only about 15,000 junior secondary schools. That’s a one-to-eight ratio.”
He explained that the mismatch between the number of primary and junior secondary schools has created severe bottlenecks in the education system, leading to overcrowded classrooms at the junior secondary level while many senior secondary school facilities remain underutilised.
Alausa cited Kaduna and several northern states as examples where the policy has contributed to poor transition rates between basic and secondary education.
“This disarticulation policy has failed. We will phase it out. We can’t be creating positions because we want to create director-level appointments for people while we harm our education system. It’s about doing what is best for every Nigerian child,” he said.
The minister said the proposed reform forms part of broader efforts by the Tinubu administration to improve access to education, increase retention rates and enhance learning outcomes across the country.
He acknowledged previous shortcomings in tackling the out-of-school children crisis but expressed confidence that the current administration would reverse the trend.
“This government will not fail. We are fixing it,” Alausa declared.
At the ceremony, the minister also inaugurated the UBEC Ministerial Implementation and Monitoring Committee, chaired by Prof. Rashid Aderinoye, to supervise the execution of UBEC-funded Smart Schools, Bilingual Schools and Alternative Schools nationwide.
He said the committee had been tasked with ensuring that the projects are completed, handed over to state governments and opened for teaching and learning.
Although UBEC has invested in hundreds of Smart Schools and related educational projects across the country, Alausa lamented that many remain abandoned, unfinished or yet to admit pupils, describing the situation as an unacceptable waste of public resources.
He stressed that improving education requires more than constructing schools, insisting that completed facilities must become fully operational and accessible to learners.
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