News
Confusion over Postal Bill, Stakeholders Bicker
National Postal Policy and Nigeria Postal Service Bill, a set of all important documents touted as transformative for the postal industry is still embroiled in web of claims and counter charges seven years after stakeholders began moves to rejig the industry, Nigeria CommunicationsWeek can now reveal.
In the absence of a fresh set of laws, the industry is loosely regulated with Nigeria Postal Service (Nipost) playing both the roles of a regulator and a player.
The industry is also plagued by myriad of problems ranging from activities of quacks; loss of mails; poor public perception; dearth of infrastructure; high operating costs; and operational inefficiency; among others.
Stakeholders believe that creating a workable regulatory paradigm that will provide efficient, transparent and accountable system of control for the postal market should be uppermost.
Nigeria CommunicationsWeek gathered following agitations to reform sector since 2004, the federal government engaged Nethpost Consultancy of Netherlands to conduct feasibility analysis and provide restructuring options for Nipost and the postal sector.
The draft policy was brought out in 2005 but spanners are at still works on this all important policy, seven years after.
Interestingly, one of the key recommendations of the consultants is the establishment of an independent regulatory body for the postal sector as against the present practice where the Consumer Regulatory Department (CRD), an organ of the Nipost, a player in the industry is calling the shots as regulator in the sector.
Courier operators are anxious to see that the postal bill is ratified to allow the Postal Service Commission, an independent body that will regulate the postal and courier industry come on stream.
Nigeria CommunicationsWeek however gathered that intrigues and administrative bottleneck have conspired to setback in passage of the bill.
From the National Assembly to the Bureau of Public Enterprises (BPE) to the ministry of Communications Technology, supervising ministry and the stakeholders, there are different accounts of the state of the bill.
While the national assembly claimed it is harmonizing the bill, the BPE said the postal policy and new postal legislation are near completion.
Elsewhere, supervising ministry then still under information and communications claimed it is still taking inputs from stakeholders but operators seem confused on the actual state of the document.
Dr. Simon Emeje, senior assistant postmaster general and head, Courier Regulatory Department (CRD) however said that Nipost was not averse to a giant and independent regulator.
Emeje, who spoke on the sideline of the bill at a recent two-day courier business session organized by CRD for stakeholders in the industry, said plans are on towards establishment of a regulatory body for the postal sector.
“As a regulatory department, we need the cooperation of everybody-the operators, the registrars, and the government that we represent. Of course, the industry needs such a regulatory agency and NIPOST has been in the vanguard, however, biased statements and unfruitful gestures exhibited by some operators have led to the cold feet witnessed in the process,” he said.
Emeje added that with a robust regulating agency, the sector will pursue a strategy of aggressive growth and efficiency, diversification, and internationalization, and possibly turn the country into Africa’s preeminent postal and communications haven.
Nigeria CommunicationsWeek gathered that the objectives of the postal reform include: to grant the postal sector sufficient autonomy to run its own affairs; guarantee all segments of the population access to universal service; and provision of quality services which support the Universal Service Obligation (USO).
Other are separate between operators, regulator and policy makers; ensure an open, liberalised market with equal opportunity for all competitors; guarantee economic viability of the public postal operator and ensure that the population has access to services according to the technological evolution of the postal service; and as well as achieve quality standards similar to best international practice.
Union Bank of Nigeria has secured certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1, a global standard for protecting payment card data.
The certification took effect on August 11, 2026, confirming that the bank’s systems for storing, processing and transmitting customers’ credit and debit card information meet stringent international security requirements.
PCI DSS certification is designed to reduce the risk of payment card data breaches and financial fraud while strengthening customer confidence in electronic payment systems.
The assessment covered key areas of Union Bank’s operations, including network infrastructure, card issuance, ATM and POS transactions, payment processing, reconciliation, settlement, chargebacks, dispute resolution and retail banking.
Union Bank was assessed and certified under the Service Provider category.
The certification process lasted a full year and involved quarterly assessments, with support from departmental, business and functional heads across the bank. Digital security firm Digital Encode supported the process, while the final independent audit was conducted by CyberCube, an accredited Qualified Security Assessor.
Yetunde B. Oni, Managing Director and Chief Executive Officer of Union Bank, said the certification demonstrates the bank’s commitment to protecting customer information.
“The security of our customers’ information is central to everything we do at Union Bank. This certification reaffirms that our payment systems and processes meet a rigorous global standard, and it reflects the discipline of colleagues across the Bank who work every day to keep customer data safe.”
The renewal also ensures that Union Bank maintains continuous PCI DSS certification, in line with the Central Bank of Nigeria’s requirement for banks to sustain compliance without interruption.
New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.
In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages
Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
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