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NIPOST, Capital Market Registrars Forge Stronger Corporate Relationship
Nigerian Postal Services (NIPOST) and Institute of Capital Market Registrars have met to seek stronger ties for corporate mutual benefits.
The meeting, held in Lagos, recently, sought to rejuvenate the existing relationship especially in line with the challenges posed by technology to logistics operations across the world.
Speaking at the event in Lagos, Dr. Ismail Adebayo Adewusi, postmaster general of the federation and chief executive officer, NIPOST, said the meeting became germane in view of the need to breath more life into the utilisation of the NIPOST services by the capital market registrars.
Adewusi noted that there has been a decline in recent times, in the volume of documents from the capital market registrars adding that NIPOST remains the best option for the dispatch of relevant documents generated by the capital market.
He said: “There has been generally a decline in the volume of mails below expectations and with the advent of technology for ease of business, coupled with Government policies, the decline in the quantity of Capital Market mails is not unexpected.
“It is therefore, pertinent to state that the few mails generated through this Market, should be treated with utmost care in order to remain competitive and relevant in the market.”
A statement quoted the NIPOST boss to have said his organisation was more interested in knowing the reason for the decline, noting that all issues involved were to be sorted for continued mutual benefits.
He added: “The Nigerian Postal Service is reaching out to her Corporate Customers and partners to re-assure them of our commitment to providing quality and affordable service delivery.
“We are here to engage with you to know what you want, how you want them and when you want them. Our responsibility is to serve you and your clients in order to reduce the cost of doing business.”
Adewusi said the capital market registrars had in the past contributed immensely to the revenue generation capacity of NIPOST.
Responding on behalf of the Institute of Capital Market Registrars, Mr. Seyi Owoturo, president/chairman of Council of Institute of Capital Market Registrars, said the decline in the volumes of business from the capital market registrars is partly due to the impact of coronavirus saying the companies themselves have not found things easy since the disruption in the economic activities across the land.
Owoturo, who was represented by Mrs. Catherine Nwosu, said, “NIPOST and the capital market registrars are like fish and water. We cannot deny ourselves. But then, covid-19 came and disrupted everything. And then you also have the impact of technology which has also affected the way business is carried out.”
Owoturo said the companies themselves are not finding things, noting that the impact of covid-19 and the advent of new technology had combined to change the ways things are done globally.
“There was a time the only means of delivering documents was by NIPOST. But today, due to technology, people now use other means of delivering documents not even minding the risks of attendant losses,” he said.
Others who spoke at the meeting agreed that there was a need for both parties to set up a committee to work out an agreement on the new way forward.
They said this would ensure that in line with the new realities of technology and the society, both NIPOST and capital market registrar continue to be in business.
The NIPOST boss, in his closing remarks, assured that his organisation is already deep in its innovative diversifications adding that the NIPOST will not continue to rely on the old ways of doing business which he said are already going out of fashion.
Mr. Johnson Olakunle, general manager, NIPOST BulkPost, while welcoming participants at the meeting, said the last time a Postmaster General of NIPOST attended a meeting with the registrars was in 2001.
He thanked Adewusi for giving credence to the seriousness of NIPOST relationship with its stakeholders by leading his team to the meeting.
At the meeting were officials of many capital market registrars and management staff of NIPOST.
CommunicationsWeek Media Limited, a certified global ICT company with over two million online subscribers, is delighted and proud to announce Prof. Yakub Aliyu, as the keynote speaker at Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture series 2024.
Aliyu, will be speaking on the theme: Artificial Intelligence (AI): The Good, The Complex and The Anticipated”, this leans heavily on the fact that AI changing our lives– we just need to know where to look today.
This year’s rebranded Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture/Awards Series is slated for Saturday, May 25, 2024 at the Four Points by Sheraton, Lagos.
The event is the most prestigious annual event that brings together captains of industry in both technology and financial worlds.
According to Ken Nwogbo, CEO, Communication Week Media Ltd, organisers of the ABoICT Distinguished Lecture/Awards Series, “the choice of Prof. Yakub Aliyu is deliberate because of his exceptional career in Artificial Intelligence (AI)”.
He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.
“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth,” he said.
A professor of microelectronics and a scholar-practitioner in artificial intelligence and deep machine learning for industrial applications and high-speed application processors. His research interests include Multimodal AI models for high-efficiency industrial robot applications and Human AI interactions.
He also has adjunct academic professorships at five African, USA, and UK universities. Holds a BS in Applied Physics Electronics from Karlsruhe and A Bello Universities in Germany and Nigeria, an MBA in International Business Management from the University of London, an MSEE (Master of Engineering, Electronics), and a Ph.D. in Electronics Engineering from the University of Wales.
Prof. Aliyu is the global quality director for Bourns Inc., Riverside, California, USA, an electronics system, and components manufacturer. I oversee quality functions in 21 factories worldwide.
He has also held quality and operational management leadership positions at National Semiconductors, Bell Labs-Lucent Technology, Texas Instrument, Global Foundries, and Roper Technologies USA.
Authored and coauthored over 30 Advanced Technology United States-issued patents in High-Speed Application Processors and Contributed to over 40 international impact Journals, chapters, and conferences; FASI, SMIEEE USA, MIEE UK, M. Inst pf Physics Chartered Phys and C Eng UK.
Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.
Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; Dr. Seyi Akindeind, co-founder, Digital Encode; Dr Krishnan Ranganath, Regional Director, Africa Data Centres.
Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.
Participants at the event
Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,
This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.
While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.
Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.
It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.
Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.
Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.
While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.
Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.
It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.
“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.
The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.
Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.
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