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Tradeways Express to Recapitalize for Seamless Operations- Chinekezi
Tradeways Express is a courier and logistics company that has distinguished itself as one of the largest and well managed indigenous courier firms in the country. Recently, it held its 6th Annual General Meeting where the chairman of the company, Mr. Obinna Ezeuko intimated that the company would expand its operations into international freight and nationwide cargo services having considered the huge potentials in the two growth areas. He emphasized that services in these areas would include international export and import, customs clearing and forwarding, warehousing, haulage, bulk cargo, consolidation and delivery nationwide.
Mr. Larry Chinekezi, managing director / chief executive officer of the firm in an interview with Nigeria Communications Week said the company was planning to raise fund through its shareholders in line with what was agreed upon at the AGM; to inject more fund into the business which he said would come as soon as possible. Chinekezi said that as a result of the very bad nature of our roads, which makes it difficult for people to move their cargo from one place to another, his company considered investing most of the funds into that particular area to have the right equipment and fleet that can withstand the strength of the road.
Chinekezi said further that they had faced some challenges especially with the nation’s economy being unpredictable and hinted that they were embarking on the reforms in his courier company to ensure that the company absorbed shocks arising from negative turn around in the economy even as he pointed out that the weak infrastructural base of the economy ; which reflects in bad roads, insufficient air transport support and almost nonexistent electricity power supply had all culminated in cutting the profit margin of most courier houses. He said that the company had looked in that direction and would ensure seamless operation after their transformation
He informed that the company initially focused on courier but as their business began to grow, they felt the need to invest more into cargo and international freight even as he said that the growth necessitated increase in the number of cars and professionals coming on board the company and emphasized the need for regular training for his growing work force for them to be up- to- date with what they are doing.
Chinekezi has been eloquent on the crusade to liberalize the postal and courier sector and had at different fora in the past talked about the need to have an independent regulator for the postal and courier sector extrapolating that one cannot be a player in a match he is officiating. He said that so much had been done in the campaign to have an independent regulator for the industry in the last three years and informed that the courier operators under the aegis of Association of Nigerian Courier Operators (Anco) and the Nigerian International Air Couriers Association (Niaca) had presented papers and met with the minister of Information and Communications and other stakeholders including members of the National Assembly on the issue. According to him, Bureau of Public Enterprise (BPE) had in few occasions called for stakeholders’ meeting where the issue was discussed and the papers presented were harmonized. He also clarified that the issue at present is in the domain of the National Assembly. "I do know as I speak that the matter is in the National Assembly now. It is left for them to go on with their legislative function. We have been expecting that the public forum would have been called by now by the National Assembly so that people can defend their proposals and have the opportunity to say their minds. I can tell you right now that all the stakeholders have agreed that it is desirable but when it will actualize, I cannot tell", Chinekezi said about the matter.

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General News
WHO Says Ebola Risk Now at Highest Level

World Health Organisation (WHO), yesterday, said that Ebola outbreak is “very high” but added that the global risk remains “low”.

So far, 82 cases and seven deaths have been confirmed in the Democratic Republic of Congo (DRC), but WHO, said, the real scale of the outbreak is likely far larger, with nearly 750 suspected cases and 177 suspected deaths reported
Tedros Adhanom Ghebreyesus, chief, WHO, said the situation was “deeply worrisome”.
He said there were now nearly 750 suspected cases in the DR Congo and 177 suspected deaths, as health workers scramble to track down contacts of everyone thought to be infected with the virus.
“The Ebola outbreak in the Democratic Republic of the Congo is spreading rapidly,” he told a press conference.
“So far, 82 cases have been confirmed in DRC, with seven confirmed deaths.
“But we know in people who travelled from DRC and one death.
Measures to address the epidemic in DRC are much larger.
There are now almost 750 suspected cases and 177 suspected deaths.”
He said the situation in Uganda was “stable”, with two cases confirmed in Uganda, including “intense contact tracing” and calling off the Martyrs’ Day commemorations, “appear to have been effective in preventing the further spread of the virus”, Tedros added.
While a US national who was working in the DRC has tested positive and been transferred to Germany for care, Tedros said another US national deemed to be a high-risk contact had been transferred to the Czech Republic.
Besides national staff already in the DRC, he said 22 international staff had been deployed to the field, “including some of our most experienced people”.
Tedros said that violence and insecurity were impeding the response to the outbreak in the DRC.
“We are now revising our risk assessment to very high at the national level, high at the regional level, and low at the global level.
“So far, 82 cases have been confirmed in DRC, with seven confirmed deaths.
“But we know the epidemic in DRC is much larger. There are now almost 750 suspected cases and 177 suspected deaths.
“The situation in Uganda is stable, with two cases confirmed in people who travelled from DRC, with one death.”
Tedros said that violence and insecurity were impeding the response to the outbreak.
Telecom
Airtel Africa Launches $110m Share Buyback Programme for Capital Efficiency

Airtel Africa Plc has announced a strategic initiative in partnership with Barclays Capital Securities Limited to execute on-market share purchases totaling up to $110 million.

This initiative will be divided into non-discretionary and discretionary segments, marking a proactive step in optimizing the company’s capital structure and enhancing shareholder value.
In a statement released on the Nigerian Exchange and signed by Simon O’Hara, group company secretary, Airtel Africa described this share buyback program as a key component of its broader strategy to return cash to shareholders.
It noted that the program aims to repurchase up to one percent of the company’s issued share capital as of the date of this announcement.
“This decision by the Board reflects the organization’s strong financial position and its commitment to maintaining flexibility while continuing to invest for growth across its markets.
“The initial phase of the program will see Airtel Africa collaborating with Barclays Capital Securities to facilitate the purchase of its ordinary shares,” the statement noted.
According to Airtel Africa, the agreement features two key components operating concurrently: a non-discretionary segment allowing Barclays to purchase up to $60 million of ordinary shares independently of the company, and a discretionary segment where Airtel Africa can guide Barclays in purchasing an additional $50 million, adhering to the regulations set forth by the Market Abuse Regulation (EU) No 596/2014.
“The program is set to commence today and is expected to conclude by November 27, 2026, unless terminated earlier under the agreement’s terms. Airtel Africa has signaled that as the initiative progresses, further tranches may be announced to achieve its objective of repurchasing up to one percent of its issued share capital.
“The primary aim of this buyback program is to streamline the company’s capital. Accordingly, all shares purchased will be cancelled, contributing to a more efficient capital structure. Any transactions will be performed in alignment with pre-defined parameters outlined in the agreement with Barclays and comply with the authority granted by shareholders for share repurchases.”
At the annual general meeting on July 9, 2025, shareholders authorized the company to buy back a maximum of 366.073 million ordinary shares.
Following the previous buyback program, the remaining authority now stands at a maximum of 357.042 million ordinary shares, demonstrating ongoing support from shareholders for these initiatives.
Telecom
NCC Drafts New Rules for Virtual Mobile Operators

Nigerian Communications Commission (NCC), Nigeria’s telecom regulator has released draft rules for mobile virtual network operators (MVNOs) as authorities seek to organize a market that is still at an early stage.

The NCC published the proposed “Business Rules for Mobile Virtual Network Operations in Nigeria” and opened a consultation process for industry stakeholders.
Comments can be submitted until June 29, while a public consultation is scheduled for July 9.
According to the NCC, the proposed rules define the obligations and responsibilities of both MVNOs and host network operators (HNOs).
The framework also sets conditions for licensing, compliance, interconnection, numbering resources, SIM and eSIM management, and network hosting agreements.
Regulators also seek to guarantee fair access to telecom infrastructure and reduce delays tied to the integration of MVNOs into existing mobile networks.
The text further includes provisions related to service quality, customer protection, network reliability, and data security.
Violations could lead to administrative sanctions or corrective measures under existing telecom laws.
Nigeria officially opened the MVNO market in 2023. That year, the NCC awarded licenses to 25 operators for a combined 5.9 billion naira, or about $4.3 million. Since then, around 40 licenses have been issued, with operators such as Vitel and Visafone already launching services.
Authorities see MVNOs as a way to improve competition in the telecom sector while helping extend services to underserved and unserved populations.
As of March 2026, Nigeria counted 185.7 million mobile subscribers and 153.8 million internet subscribers, according to NCC data.
Despite the size of the market, digital access remains uneven across the country.
Government estimates show that nearly 20 million Nigerians still remain outside the digital ecosystem.
The GSMA estimated that about 120 million Nigerians did not use mobile internet in 2023.
High service costs and inconsistent service quality also remain major concerns in the telecom sector.
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