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Competition will drive courier operation -Akinkunmi

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Sadiq Akinkunmi, general manager, Rowsy International Cargo and Courier Services has said that the increased number of operators in the courier sector will help drive courier business to efficiency.

Speaking to Nigeria CommunicationsWeek, Akinkunmi said that competition in the courier industry is not a bad development even as he disclosed that without competition there won’t be any meaningful development in the industry. Competition, he informed, makes them to brace up to the challenges of doing business and he noted that the company is well positioned for effective competition.

One of the strategies adopted by the firm apart from the Nigeria Express Mail service that delivers goods and parcels coming into Lagos from the U.K next day in Lagos and Abuja, the company handles branding in a distinct manner. Akinkunmi revealed that the outfit has special way of packaging their consignments meant for both local and international destinations. "This is to make the brand different from the others and it has been working for us as once you sign on as our customer, you don’t just seize patronizing us," Akinkunmi disclosed.

In the delivery of consignment, he said once the goods are out, it takes them no time to get across to the customer on phone to inform him or her of the arrival of the goods before actual delivery is made.

On the level of expansion so far undertaken by the company, the general manager said even though the company is young but that within the short period it started business it has made remarkable progress.

The company started with a small warehouse for their consignments at Ikeja, but over time has acquired a bigger warehouse at Ajoa Estate when it discovered that the warehouse could no longer contain the volume of goods arriving into the country from their head office in the U.K as well as from their branch networks in Dubai and the United States.

The operations of the company according to Akinkunmi have also expanded. Five more offices have been strategically opened in different locations outside Lagos.

The courier firm has opened offices in Ado Ekiti, Ibadan, Ilorin, Abuja and Port Harcourt. These offices, Akinkunmi said, are strategic and are meant to link up transactions in the other parts of the country.

Though the company may be young in terms of start off date, but it has been able to distinguish itself in customer satisfaction in all facets of courier business the company engages in.

With the Express Mail service, parcels and consignments which they call Next Day Delivery, goods can arrive in Lagos today from the United Kingdom and the next day the consignee receives the goods in Lagos or Abuja.

 

In terms of human resource, the company has also grown from one staff for its Lagos office to thirteen after few months of operation.

To motivate the staff to achieve more, he said the management of the company has designed a welfare package that will be implemented soon which is tailored towards making staff satisfaction a major component of the company’s drives.

As part of the efforts of the company to monitor trends in the industry, Akinkunmi said the company staff always attend seminars and workshops organized by the Courier Regulatory Department (CRD) and emphasized that the import of those seminars are far-reaching as they are enriching. They are also told things to be considered in courier at such workshops.

In addition to the seminars organized by the CRD, Akinkunmi also revealed that internally, the courier firm trains its workers on the use of computer and other aspects. Their greatest asset in that area is that 90 percent of their workforce are university graduates and so lectures are quickly assimilated and this, he said, facilitates the efficiency of the company in their various line of courier business and also helps the company to achieve its mission of "Delivering Smiles Worldwide".

On the 48hours clearance process directive by the federal government, Akinkunmi disclosed that as the workers are able to operate the computers and with the company already online, they deliver next day from the U.K to Nigeria and within Nigeria. In that case, the company operates within 24 hours delivery ahead of the 48hours clearance directive issued by the government. Their target is also to surpass this achievement.

On the challenges faced in the industry, Akinkunmi said that if you talk of courier that you are talking about express delivery of consignments. However, he said that to effect this traditional role, courier companies in Nigeria especially in Lagos are constrained by a lot of factors. The traffic in Lagos hampers the speedy delivery of parcels by courier.

Another major challenge according to him is the local government officials that always harass and intimidate their despatch riders and making spurious demands from them.

They also suffer the same fate in the hands of Lastma officers and the police. He said that as long as the vehicle conveying the goods is branded and the staff of the courier firm inside the vehicle has identity card and driver’s license on him, what the police is expected to do is to ask for the waybill of the consignment and with the contact address of the consignee, the police could phone and confirm if the person is expecting the goods or not. He lamented over the delay and said that some of these goods in transit are time sensitive and needs to be treated as such.


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Telecom

VDT Communications Achieves Two Prestigious Certifications ISO /IEC 27001:2022, ISO/IEC 27032:2023 Reinforcing its Leadership in Broadband Service Provision

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L-r: Oluwaseyi Omoloja,Special Project Manager(SPM), Iriowen A. Osemwegie, Head, Audit &Control, Mrs. Bimbo Ikumariegbe, COO, Engr. Biodun Omoniyi,GMD, Engr. Yemi Oladele, CTO, Engr. Oluwasanmi Kehinde, Team Lead, Service Quality Improvement and Busuyi Ojarotade, Head Network Service - all of VDT Communications Limited displaying the latest certifications: ISO/IEC 27032 for Cybersecurity and ISO/IEC for Information Security recently awarded to the company.
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VDT Communications Limited, a provider of Enterprise communication solutions, is proud to announce that it has been awarded the ISO/IEC 27001:2022 Information Security Management System (ISMS) and ISO/IEC 27032:2023 Cybersecurity Management System certifications.

These prestigious certifications demonstrate VDT’s commitment to maintaining the highest standards of information security and cybersecurity, ensuring the protection of sensitive customer data and maintaining the trust of its clients.

These certifications are a testament to VDT’s dedication to implementing robust information security and cybersecurity measures, aligning with international best practices.

The ISO/IEC 27001:2022 certification recognizes VDT’s ability to establish, implement, maintain, and continually improve its ISMS, ensuring the confidentiality, integrity, and availability of customer information. The ISO/IEC 27032:2023 certification highlights its commitment to protecting its customers’ information assets and preventing Cyber threats.

VDT Communications Limited has consistently demonstrated its commitment to excellence, previously earning and maintaining ISO 9001:2015 Quality Management System and ISO 20000-1:2018 IT Service Management certifications. These certifications have enabled the company to deliver high-quality services, ensuring customer satisfaction and loyalty.

“We are thrilled to receive these two prestigious certifications, which reinforce our commitment to information security and cybersecurity. These certifications demonstrate our dedication to implementing robust security measures that ensure confidentiality, integrity and availability of customer data” said Engr. Abiodun Omoniyi, GMD of VDT Communications Limited.

The ISO/IEC 27001:2022 and ISO/IEC 27032:2023 certifications bring numerous benefits to VDT’s customers, including:

  • Enhanced information security and cybersecurity posture
  • Protection of sensitive customer data
  • Compliance with international standards and regulations
  • Improved risk management and incident response
  • Increased trust and confidence in VDT’s services

“We are proud to serve our customers with the highest level of security and quality,” Bimbo Ikumariegbe, Chief Operating Officer (COO) of VDT. “These certifications demonstrate our commitment to excellence and our dedication to delivering innovative communication solutions that meet the evolving needs of our customers” – Olufemi Akinola, Head, Information Technology.


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E-Financial

CBN Orders Banks to Restrict Access to Banking Services for Loan Defaulters

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Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities.

CBN Orders Banks to Restrict Access to Banking Services for Loan Defaulters

A large ticket obligor is a borrower (an individual or company) that owes a very large amount of money to a bank.

The directive is coming a week after the CBN asked financial institutions to stress test.

It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.

“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.

“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.

“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”

On strengthening collateral coverage, the CBN asked financial institutions to obtain additional realisable collateral from such obligors to adequately secure existing exposures.

The CBN said large ticket obligors are borrowers whose exposures are as defined under Clause 3.2 (d) of the prudential guidelines for deposit money banks in Nigeria 2010, or a customer with a combined exposure across banks, as shown in the credit risk management system (CRMS), and/or as shown in the reports of a licensed private credit bureau, “that exceed the Single Obligor Limit (SOL), which materially affect a bank’s Capital Adequacy Ratio (CAR) or otherwise pose a systemic risk to the financial system”.

“This directive reinforces earlier measures, particularly the circular titled “Prohibition of Loan Defaulters from Further Access to Credit Facilities in the Banking System” issued on June 30, 2014 (Ref: BSD/DIR/GEN/LAB/07/015). This is to ensure consistency and effectiveness in curbing credit abuse by large-ticket obligors,” the circular further reads.

The regulator said it will monitor compliance with the directive to ensure consistent implementation across the banking industry.

The CBN warned that noncompliance would attract appropriate regulatory sanctions in line with the provisions of the Banks and Other Financial Institutions Act (BOFIA) 2020.

Nigerian banks are undergoing a recapitalisation programme, slated to end by March 31.

So far, about 30 banks have met the minimum capital requirements announced in March 2024.

 


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News

NLNG Advances Media Excellence with Change Your Story Workshop

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NLNG has demonstrated its dedication to media development in Nigeria through the successful completion of the second edition of the #NLNGChangeYourStory workshop for 2026, which took place in Lagos.

The workshop convened 40 participants representing diverse media outlets to examine the changing landscape of journalism shaped by artificial intelligence and digital communication. Discussions centered on how new media technologies can support real-time reporting, extend audience reach across borders, and foster deeper, more effective engagement on digital platforms.

Speaking at the event, the General Manager, External Relations and Sustainable Development at NLNG, Sophia Horsfall, described the workshop as part of the company’s broader effort to strengthen engagement with the media while supporting professional excellence in journalism. She noted that the initiative reflects NLNG’s belief that well-informed reporting plays an important role in shaping public understanding of critical sectors such as energy, economic development, and sustainability.

She encouraged participants to leverage the insights and practical knowledge gained during the workshop to elevate the quality, depth, and credibility of their reporting.

“NLNG views this engagement as a strategic partnership. We provide the energy that powers nations and generates revenue for our nation; you provide the information that powers our minds. We have been proud to host you, but our pride will only be justified when we see the ‘New Standard’ in your next feature, your next broadcast, and your next investigative report.

As you head back to your various stations, I urge you to take the spirit of this workshop with you.”

The programme combined expert-led discussions with hands-on learning. Digital communication specialist Dan Mason guided participants through key aspects of digital storytelling, while veteran journalist Taiwo Obe led a practical Journalism Clinic. Together, the sessions equipped participants with practical skills in data visualisation, online verification, audience engagement, and managing a strong digital presence.

Through the workshop, NLNG reiterated its commitment to promoting journalistic excellence and supporting the media industry’s digital transformation. The #NLNGChangeYourStory programme has now empowered over 400 journalists with enhanced digital communication and social media skills across its various editions.


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