General News
ANCO Backs New PMG, Says Courier Summit Inevitable

The Association of Nigeria Courier Operators (ANCO) has applauded the recent inauguration of Mr Bisi Adegbuyi as the new post master-general (PMG) of the federation (PMGoF) and the chief executive of the Nigerian Postal Service (NIPOST), with a call for urgent stakeholders’ forum to address multifaceted challenges faced in the industry.
Speaking to Nigeria CommunicationsWeek at ANCO temporary secretariat in Lagos, Mr. Siyanbola Oladapo, the association’s president, said that the industry welcomed the news of Adegbuyi’s appointment with joy; a year after the former PMG proceeded on retirement.
He said the absence of a PMG caused ripples as even among NIPOST workers, advising the new PMG to underplay political patronage, bureaucracy as NIPOST is due for full commercialization.
Oladapo said that the Association believes the appointment was in the best interest of the sector and will augur well for the sector which has been galloping under the influence of multi-economic potholes in the system.
He said, “We believe that the Government took an understudy of the industry which has several options, especially NIPOST before appointing someone who has not passed through the system. I want to believe that, sincerely, the option government has taken must be for a reason. This is a sector that can generate employments and revenue for the economy. Probably, the government thought that going through the same route, as in the past, would lead to no economic revolution in the industry. So, ANCO wishes the new PMG well; we welcome him with joy believing that his tenure will bring a lot of succour to the sector”.
Speaking on the operators’ expectations from the new PMG, the ANCO President said, “We expect changes in way things are done. NIPOST by the virtue of Universal Postal Union (UPU) convention ought to be fully commercialised. In other countries, agencies of NIPOST status make money for the Government; the Bulk Post Venture can be repackaged. Although heads of these units in NIPOST are trying with meagre supports and obsolete equipment, they need to be encouraged to do more.
“The PMG should also recognise that the full potentials of this industry would remain untapped unless there is an independent Commission, which calls for renewed effort for the passage of the Postal Reform Bill. It is long overdue! We are here to help the new PMG champion this course”.
Oladapo who doubles as the chief executive officer of Bowill Errands underscored the cravings among operators for improved relationships between them and government at different levels.
He said, “We also crave for his better understanding of the important of private courier operators. Hitherto, the Federal Government has been defining postal/courier industry by NIPOST’s performances. They do not really appreciate what it takes to set up a private courier outfit. Therefore, they operators have been neglected by even the civil servants in NIPOST. For the new PMG to succeed, he needs both the civil servants and private players. Mr. Babatunde Fashola was made Minister of Power, Works and Housing, not that he is an engineer, but government believes he can harness the potentials of technocrats around him. The PMG is just there to coordinate, having an idea what should be done. The real duties are performed by the people around him.
“As someone from the private sector too, the PMG, I believe, knows how to turn N2 to N10 rather than waiting for salaries”.
He said the industry shares in the pains of NIPOST staff who have seemingly been neglected, hence, “the nomenclature in NIPOST organigram needs some changes, like the Deputy Postmaster General can be called Executive Director Accounts, or logistics. It matters, because NIPOST is a revenue generating venture that must reflect present day business template. By so doing, it becomes competitive. Some of us in private firms have thrived for over 15 years, because you put in the best to survive. Therefore, he needs the backing of the Ministry to restructure NIPOST, revive the ventures, by setting target for them.
General News
EFCC Declares Tejuosho, City Boys Movement’s Women Leader Wanted over “419”

Economic and Financial Crimes Commission (EFCC,) has declared Halimat Adenike Tejuosho, a women leader of the City Boys Movement, wanted.

Halimat Adenike Tejuosho,
A notice issued by the EFCC on Monday via X said Tejuosho has been declared wanted over an alleged case of obtaining money by false pretence.
The notice was signed by Dele Oyewale, head of Media and Publicity for the EFCC.
The anti-graft agency called on members of the public with useful information about her whereabouts to contact any of its offices nationwide.
The Commission also urged the members of the public to reach out via its official phone lines or email, or report to the nearest police station or other security agencies.
Recall that the City Boy Movement recently appointed Tejuosho as the South-West Zonal Women Leader.
According to a statement signed by the Movement, Tejuosho is to provide strategic leadership and coordination for women-focused activities in the zone, driving political mobilization, civic engagement, and advocacy.
General News
Afreximbank to Fund 3 New Refineries in Nigeria

African Export-Import Bank (Afreximbank) has disclosed plans to finance three additional refineries in Nigeria as part of a broader push to reduce the country’s reliance on imported petroleum products and strengthen local refining capacity.

Denys Denya, senior executive vice president of the bank, made the disclosure on Monday during a virtual media briefing focused on the institution’s 2025 financial performance, crisis response initiatives, and long-term industrialisation strategy.
“We are also financing refining on the continent, which will alleviate the importation of refined products. We are not only supporting Dangote; we’re supporting three other refineries in Nigeria,” Denya said.
The briefing, which focused on the bank’s 2025 financial performance, crisis response initiatives, and industrialisation strategy, also featured a question-and-answer session with journalists across Africa.
Denya explained that the push into refining is driven by recent disruptions in global supply chains, particularly linked to tensions in the Middle East, which have raised the cost and complexity of fuel imports for African economies.
According to him, Afreximbank has adopted a dual approach of supporting immediate trade finance needs while investing in long-term productive capacity to reduce structural import dependence.
He said, “For import-dependent economies, the cost of import is very high… so we have taken a proactive approach of engaging with financial institutions on the continent to increase their facilities so they can issue high-value letters of credit.”
The bank’s intervention is backed by a $10bn Gulf Crisis Response Programme, designed to stabilise access to essential imports such as fuel, food, fertilisers, and pharmaceuticals, while also supporting sectors exposed to global shocks.
Denya noted that the facility is already seeing uptake from countries including Kenya, Ethiopia, and Tanzania, warning that demand could accelerate if geopolitical tensions persist.
Beyond short-term interventions, the Afreximbank executive stressed that financing refining projects across Nigeria and other African countries remains central to the bank’s long-term strategy of industrialisation and export development.
He said the bank’s support for large-scale industrial projects, including the Dangote Group refinery, reflects its commitment to reducing Africa’s reliance on imported refined products and strengthening regional value chains.
“Our support for industrialists who are making a difference on the continent is testimony to this approach. We will continue to champion projects that reduce Africa’s reliance on imported refined products,” he added.
Denya further disclosed that the bank is financing similar refining projects in Angola as part of a continent-wide push to achieve self-sufficiency in petroleum products.
The shift towards local refining, he explained, is also expected to improve macroeconomic stability by reducing foreign exchange pressures associated with fuel imports.
General News
MTN Powers the Ultimate Youth Link-Up with the Launch of Live It 100 Youth Campaign

The Gathering on 100 has officially concluded its pilot edition, closing out 100 continuous hours of culture, creativity, and community engagement at the National Stadium, Surulere. At the climax of the five-day immersive youth experience, MTN Nigeria and the gatherers of the event unveiled the defining message of the movement: “Live It 100.”

The event brought together thousands of young Nigerians in a massive convergence of music, sports, gaming, and creative sessions. From watching the sunrise for four consecutive mornings to actively shaping culture in real-time, attendees experienced a shared journey rooted in endurance and expression.
Operating under a partnership model rather than a traditional corporate sponsorship, MTN stepped back to let the youth lead. The techo embraced the primary narrative that “The Gathering is the fire; MTN is the oxygen”.
Karl Toriola, Chief Executive Officer, MTN Nigeria, said: “The energy we have witnessed here in Surulere over the past 100 hours is proof of the unstoppable spirit of the Nigerian youth. Our strategic intent was to position MTN as the critical engine behind this vibrant youth movement, ensuring the brand is seen as an enabler, not an intruder. The Gathering is the fire; MTN is the oxygen. ‘Live It 100’ is our commitment to powering the platform where the conversation happens. We are giving them the autonomy to lead, while we listen.”
A focal point of the event was the high-stakes Pitchathon segment, which provided a structured arena for startups to showcase working products. Rather than a traditional, heavily branded corporate event, the space felt authentic, unscripted, and transparent, allowing founders to interact directly with expert judges, potential investors, and a live audience.
Onyinye Ikenna-Emeka, Chief Marketing Officer, MTN Nigeria, shared: “The ideas and partnerships formed over these 100 hours show exactly what happens when corporate Nigeria is finally listening to young Nigerians. We recognise that traditional business engagement doesn’t always work for this generation, which is why we empowered the youth to lead. By supporting The Gathering, we are not just celebrating culture; we are fueling the young Nigerian through youth-led innovation and actively investing in their economic potential.”
Beyond business activity, the event recorded consistent engagement across its programming, providing deep insight into the evolving role of youth within Nigeria’s economy. The sustained 100-hour activity highlighted a growing, resilient base of digitally engaged participants who own their lanes and actively create their own opportunities.
As the event closed, MTN reaffirmed their commitment to expanding the platform, ensuring that The Gathering on 100 will continue to evolve as a vital space for both cultural expression and youth-led economic opportunity.
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