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Cross Country Courier Eyes Market Leadership

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Cross Country Courier has been said to be one of the leading logistics companies that is in business to revolutionize the industry. The head of the courier department, Mr. Toyin Adeojo disclosed this to Nigeria CommunicationsWeek stating that the primary objective of the company’s diversification into the courier segment is to keep customer loyalty. He said that after a careful study of the inadequacies in the way already existing courier firms run the business where sensitive documents and parcels are delivered wrongly or even declared missing, the management of the company felt the need to come on board to correct these lapses while leveraging on their strong advantages.

Adeojo revealed that the transport company has over a thousand fleet which traverse all the major cities and state capitals in Nigeria coupled with the quality of staff in the establishment who mostly university graduates are necessitating the floating of the courier company. The pressure from their clients who would always want to send parcels and letters to different destinations in the country through the transport company because of the level of trust they have on the company also gave impetus to the flagging off of the courier firm.

Apart from the normal courier services which the company renders, Adeojo said it is also a technical partner to many courier companies including the world celebrated ones which make use of the Cross Country fleet on daily basis. He said the company deploys over a hundred buses from its Lagos terminal alone on daily basis and that this feat is replicated in their other branch networks across the country.

The courier firm also engages in prime services such as Traders Groupage which involves customers instructing the courier firm to take charge of what has been cleared on their behalf at the seaport or airport and send them to the destination of the customers. There is another one they call Express Help Buy or Express Help Delivery. With these products, the courier company can buy items for the client and send them to the places requested by the client. The customer can as well buy those goods by himself and send them through the courier company even if he is not accompanying the consignment, all these services , Adeojo said are moderate compared to the quality offer they render.

Adeojo said that from the outside, one may tend to criticize the practice of motor transport companies also running courier, but arguing from an informed point of view one would discover that most of the so called conventional courier companies still fall back on the transport companies’ logistics to send their messages across the length and breath of the federation. Coming from this background, Adeojo said " Nobody in our shoes will not make use of such an advantage by floating a courier".

He also maintained that even with the more than 200 registered players in the courier industry that the market is still not yet saturated as some of the registered ones are not practicing.

Adeojo spoke about competition in the industry and expressed that the credibility of the outfit as a dedicated and registered courier firm makes them stand out even as he emphasized that anybody can run errands but that in Cross Country Courier, they run errands with uncommon diligence. Prompt and safe delivery of mails and parcels according to Adeojo, is their key selling point. "We are out to provide a better professional mail and home delivery in a way that is cheaper, fast and safe with content remaining in tact on delivery", said Adeojo.

In spite of the bourgeoning courier business, he however frowned at the activities of some courier companies who are undercutting the business by accepting prices for services less than the industry stipulated prices even as he lampooned security operatives for making business difficult for them. He said that in certain situations, security operatives go the extra length of insisting that courier personnel unseal some of the consignments under their care arguing that this practice is a breach of trust on the part of their clients who they owe the obligation of delivering their parcels sealed and in tact.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Telecom

Samsung Plans to Double AI Mobile Devices to 800 million Units this Year

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Samsung Electronics plans to double this year the number of its mobile devices with “Galaxy AI” features largely powered by Google’s Gemini, its co-CEO said, which would give the U.S. firm an edge over rivals as the global race in artificial intelligence heats up.

The South Korean company, which had rolled out Gemini-backed AI features to about 400 million mobile products, including smartphones and tablets, by last year, plans to boost that figure to 800 million in 2026.

“We will apply AI to all products, all functions, and all services as quickly as possible,” T M Roh told Reuters in his first interview since becoming Samsung Electronics co-CEO in November.

The plan by the world’s largest backer of Google’s Android mobile platform is set to give a major boost to its developer Google, which is locked in a race with OpenAI and others to attract more consumer users to their AI model.

Samsung seeks to reclaim its lost crown from Apple in the smartphone market and fend off competition from Chinese rivals not only in mobile telephones, but televisions and home appliances, all overseen by Roh.

It will offer integrated AI services across consumer products to widen its lead over Apple in such features, though the latter was set to be the top smartphone maker last year, according to market researcher Counterpoint.

AI Race

Alphabet’s Google launched the latest version of Gemini in November, highlighting Gemini 3’s lead on several popular industry measures of AI model performance.

In response to Gemini 3, OpenAI CEO Sam Altman reportedly issued an internal “code red,” pausing non-core projects and redirecting teams to accelerate development. The ChatGPT maker launched its GPT-5.2 AI model a few weeks later.

Roh expects the adoption of AI to accelerate, as Samsung’s surveys on awareness of its Galaxy AI brand jumped to a level of 80% from about 30% in just one year.

“Even though the AI technology might seem a bit doubtful right now, within six months to a year, these technologies will become more widespread,” he said.


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Zacch Adedeji says Rebranded NRS will Overhaul Revenue Administration

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Nigeria Revenue Service (NRS) says its replacement with the defunct Federal Inland Revenue Service (FIRS) will overhaul the architecture of the country’s revenue administration.

Dr Zacch Adedeji, the executive chairman of NRS, said this in a television interview monitored from Abuja.

The News Agency of Nigeria (NAN) reports that the provision of the recently enacted tax reform laws changes the nomenclature of the country’s apex tax authority from FIRS to NRS.

According to Adedeji, NRS is not branding. It is a total institutional upgrade moving from fragmented revenue administration to a modern, digitalised, centralised and intelligence-driven system.

He said that under the new framework, multiple tax and revenue-related functions previously spread across agencies have been consolidated, with a stronger emphasis on data integration, automation, and reduced human discretion.

He dismissed allegations that the country’s newly enacted tax reform laws were altered after passage by the National Assembly.

“Only the officially gazetted Acts carry legal authority and are binding on taxpayers and administrators,” he said.

The NRS boss said that an Act of the National Assembly only became effective after Presidential assent and official gazetting, with the gazetted version constituting the authoritative text in the event of disputes.

“Revenue agencies, courts, and taxpayers are therefore guided solely by the gazetted law, not draft bills, committee reports or chamber debates.

“Neither the executive nor the revenue authority has any incentive or legal capacity to alter the law after passage,” he said.

Adedeji said that the overhaul of the NRS is also designed to support the Federal Government’s broader fiscal objectives.

According to him, Nigeria’s tax-to-GDP ratio has improved in recent years, rising to about 13.5 per cent as at October 2025.

“But it remains below the African average and well short of levels seen in peer emerging markets,” he said.

Adedeji said that the overall aim is on taxing profits and returns rather than capital or investment.

“We are not going to tax poverty; we want to tax prosperity,” he said.


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2026: SEC to Review Rules to Incentivise SME Listings

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Securities and Exchange Commission (SEC) has announced plans to review its rules to encourage the listing of Small and Medium Enterprises (SMEs) on the nation’s stock exchanges as part of efforts to deepen the capital market and stimulate economic growth.

2026: SEC to Review Rules to Incentivise SME Listings

Dr Emomotimi Agama, director-general of the SEC, disclosed this in his New Year message, noting that the initiative is aimed at unlocking patient capital for key productive sectors of the economy.

According to a statement from the Commission, Agama said the rules review would focus on incentivising listings from small and medium-scale industries, particularly in manufacturing, automotive, pharmaceuticals and finished goods. He said access to long-term capital through the market would help revive factories, reduce import dependence, create jobs and position “Made in Nigeria” products for global competitiveness.

Beyond SME listings, Agama said the Commission would prioritise the mobilisation of long-term capital to bridge Nigeria’s infrastructure and sectoral financing gaps. He added that regulatory frameworks would be streamlined while innovative financial instruments would be aggressively promoted to channel disciplined capital into productive sectors of the economy.

He disclosed that in 2026, the SEC would facilitate the issuance of infrastructure bonds, green bonds, municipal bonds and infrastructure-focused funds to attract long-term domestic and international capital. According to him, the objective is to finance roads, power, rail, housing and digital infrastructure, while making it easier for state governments and infrastructure firms to access the capital market efficiently.

The SEC boss also said the Commission would promote the listing of agribusiness firms and introduce tailored listing windows for agricultural cooperatives and value-chain companies. Through commodity exchanges, agricultural investment trusts and commodities-linked instruments, he said agriculture would be de-risked, fair pricing ensured for farmers, food security strengthened and wider citizen participation encouraged.

On housing, Agama disclosed plans to revitalise Real Estate Investment Trusts (REITs) and introduce innovative affordable housing bonds. These initiatives, he said, would unlock capital for mass housing delivery, create new asset classes for investors and move millions of Nigerians closer to home ownership.

He further said the Commission would support Nigeria’s power sector through infrastructure bonds, green energy bonds, project-backed securities and public-private investment vehicles to fund grid expansion, renewable energy and energy transition projects.

Agama said the SEC is entering 2026 with a renewed resolve to reposition the capital market as a solution provider to Nigeria’s economic and developmental challenges, adding that the Commission is committed to transforming the market into a key driver of sustainable growth.


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