General News
Lack of Regulation Hobbling Courier Business-Uba

Okey Uba is the managing director, Ebony Express, a fast growing courier outfit in Nigeria and secretary general of the Association of Nigeria Courier Operators (ANCO).
Uba who holds Bachelor of Science in Political Science from the University of Nigeria Nsukka (UNN); possesses simple and gentle personality.
He has attended several courses in courier management and has worked at the Nigerian Postal Service (NIPOST) from where he resigned to establish Ebony Express.
He spoke to peter ugwu highlighting factors that have inhibited the development of the sector in Nigeria and other sundry issues. *
Courier Sector 2013
The whole events centered on how to make the industry grow. There are certain challenges we have in the industry, viz-a-viz the issue of regulation.
Courier is a very wide industry; unfortunately, it is yet to be fully harnessed in Nigeria. And like I would always say: you really need an enabling environment that will guarantee return on investment (ROI), proper operations and the likes, before you can tap into the industry.
The operators cannot make headway in an incoherent environment. For the indigenous (courier) companies, licencing and renewal fees pose very big challenge, because they are on the high side in comparism to other sectors.
Expectations from the Regulatory Bill
I think it boils down to the general view of the Government. It is not as if the operators do not crave for a Regulator or, as if the industry operates without a regulatory department (as in the CRD capacity), but the truth is that you cannot give someone some pieces of meat and deny him the teeth to chew them or the necessary “weapons” to fight the war against irregularities in the sector.
When you do that it appears like the person does not know what he is doing. Meanwhile, the officials at the Courier Regulatory Department (CRD) of NIPOST are worth their onus, but they lack the equipment to work, which starts with the provision of enabling laws.
As a matter of fact, it is portraying them as toothless bulldogs. It also affects courier operators, particularly the indigenous companies.
They are the most affected, because the international operators can source their inbounds from abroad, while the domestic operators are left with nothing.
Most times, when you want to play the game according to the rules, you are shortchanged. When you are in an environment where some operators do not give a damn over what the rules say, definitely, you will be shortchanged.
Having gone to school, garnered reputations and experience, there are some practices you wouldn’t ordinarily get involved in order to survive in a business. It makes the sincere ones to suffer unnecessarily.
However, whenever the Government is ready to legislate on this, they should not just start comparing the courier with the telecoms. In logistics or courier industry, the most important ingredients are integrity and honesty. Is not the matter of capital capacity; it plays a secondary role in that part. In logistics, you are carrying valuables on behalf of the customers or consignees from a place to the destination and that is on trust.
It behooves on the Regulatory body to determine who is or should be in this business; those who will not view it as a ground to engage in fraudulent activities.
To make the job easier for the Government, probably, when the Commission is finally established, they tend to turn it to a political piece-cake, the technocrats who would have been relegated to the background. Those currently at CRD should be made to manage the affairs of the Commission; with full regulatory backing. Then, they can bit and mediate between the operators and the Government. As it is now, there is a limit to which they can operate.
How to Reinvigorate the Bill
Actually, you cannot shave a man in his absence. Meanwhile, I haven’t joined the industry as a player when the Bill was articulated.
So, I wouldn’t know how far they have gone. But, there are indications that the contents are not bad.
However, there are things that must be put into consideration before the passage of the Bill. For instance, classification of courier companies in Nigeria. We do not expect all firms to posses the same operational strength.
Therefore, you cannot put a flat-rate licencing and renewal fees for them. Like I said earlier, integrity and truth are paramount in the industry, thus, capital base should not be the benchmark.
In fact, I do not see what is holding the Bill from its passage, if not that in Nigeria you must path-away with something before someone does the necessary thing; if it implies bringing it back for us to cross the T’s and dot the I’s, then let them revert it back; it wouldn’t take us time to do.
Nevertheless, there must be the willingness on the part of the Ministry to assist the industry.
Today, everybody is into logistics and courier. If you are moving along the road trucks are tumbled with the goods in them; nobody is talking about goods damage insurance, compensation for the consignees or the consignor; so, many people who are into this business do not even understand what Goods In Transit Courier (GIT) Insurance means.
Most of them do not understand what time frame means. To me, that is not right. Things have to be done right; if you are interested in courier business you have to abide by the principles.
ANCO’s Contribution in Tacking the Challenges
Yes, the Association of Nigeria Courier Operators (ANCO) has been trying on its part to champion the course for the development of the industry.
We have our monthly forum where we try to educate and inundate our members on new grounds in courier; we educate them on international partnership; how to employ genuine and sincere staff; on courier management in general.
But, no matter how you try, without government support you will not have so significant achievements.
For instance, when someone has done something wrong, he is caught and charged to court, and there is no enabling law to prosecute the culprit, all you have done is in vein. We have been trying so hard to build up and educate our members; that has led to increase in our membership over the years.
But we need an unbiased umpire to move the sector forward. This will enable the smaller companies to survive. If they reach out to us in ANCO, we are willing to add our inputs to the whole matters. In fact, courier and telecom are not supposed to be in the same Ministry. That is what we are advocating for; proper regulations.
Call for Mergers
First, we have heard comments like the internet revolution is a threat to the courier sector. But if you put that into perspectives, you will discover that these are mere sayings. Nigeria, for example became internet compliance just about a decade ago.
The developed world, Germany, UK, US and others have been internet compliant all along.
Till today logistics and courier are moving forward, gaining more grounds and recognitions in those countries.
So, it is a fallacy to say that internet will strangulate the courier sector. Our problem is the lack of regulation.
Secondly, when people are shouting for mergers and acquisitions, you don’t just talk about that.
The reasons are that you do not force people to merge. They do that when they perceive the benefits of the partnership and can work cordially.
There have been cases of friends coming together to set up a courier firm, but in a short while it led to several companies, because the motives are different
Banks are not like the courier. People are obliged to do businesses with the bank, but in courier, even companies now set up their in-house dispatch department.
When you put the laws in place, naturally, there will be mergers and acquisitions. Then, there will be an arbitrator to mediate on your matter when you are shortchanged.
General News
US to Deny Applicants Saying they Fear Persecution @ Home Visas

United States has introduced further restrictions on potential asylum seekers by requiring US visa applicants to confirm they do not fear persecution in their home countries.

Donald Trump administration’s goal is to prevent individuals from using non-immigrant visas as a means to claim asylum once they reach US soil.
According to a diplomatic notice sent to all embassies and consulates this week, applicants for non-immigrant visas, including tourists, students, and temporary workers, must now affirm their safety at home to be eligible for entry.
This move is part of a broader shift in policies designed to tighten US immigration controls.
New screening procedures
Consular officers have been instructed to ask two specific questions during the application process:
“Have you experienced harm or mistreatment in your country of nationality or last habitual residence?”
“Do you fear harm or mistreatment in returning to your country of nationality or permanent residence?”
“Visa applicants must respond verbally with a ‘no’ to both questions for the consular officer to continue with visa issuance.”
The statement notes, “Consular officers must prevent abuse of the immigration system by visa applicants who misrepresent their purpose of travel, including those who attempt to obtain nonimmigrant visas for the purpose of claiming asylum upon arrival in the United States.”
A State Department spokesperson defended the measure, stating: “Consular officers are the first line of defence for US national security.
The department uses all available tools and resources to determine whether each visa applicant qualifies under US law”.
To qualify for asylum under current law, an individual must be physically present in the US and be fleeing persecution based on race, religion, or political affiliation.
However, immigration experts warn that these new requirements may force vulnerable individuals into dangerous situations.
Camille Mackler, an immigration policy consultant, told CNN that the directive “is going to put people in really bad, terrible positions of having to make choices that ultimately affect their and their family’s safety.”
She added: “I also think this pushes people to unsafer pathways and unsafer routes, because if you need to leave, you leave, and you do whatever you need to do to do that.”
The rule follows other recent measures, including increased vetting for student visas and a temporary suspension of immigrant visa processing for 75 countries earlier this year.
General News
Fiona Ahimie, MD First Securities Brokers Elected First Female President of the Chartered Institute of Stockbrokers

The Chartered Institute of Stockbrokers (CIS) has elected Fiona Ahmed Ahimie, Managing Director, First Securities Brokers Limited, a subsidiary of FirstHoldCo Plc., as its 14th President, making her the first woman to be elected President and Chairman of Council in the Institute’s history.

Her emergence is more than a leadership change it is a defining milestone that signals the rising influence of women at the highest levels of Nigeria’s financial services industry and underscores the evolving face of capital market leadership.
With close to two decades of distinguished experience spanning stockbroking, investment banking, private equity, real estate, wealth management and business development, Fiona brings deep market insight, global exposure and a proven track record of delivering growth and market impact.
She began her career at one of Nigeria’s prominent Stockbroking firms, where she built a solid foundation in capital market operations and foreign investor deal flows. She later joined FBN Capital (now FirstCap) as Head of Sales Trading, playing a pivotal role in managing both international and domestic institutional deal flows.
In 2015, she was appointed Managing Director of African Alliance Securities Nigeria, where she drove significant expansion in market share, client base, and cross-border transactions.
Since joining First Securities Brokers Limited in 2016, she has led a remarkable transformational growth, positioning the firm among Nigeria’s top-tier brokerage houses by 2018 through enhanced execution capabilities and increased global investor participation.
Beyond executive management, Fiona has held several board and board committee roles and currently serves on the boards of First Funds (the private equity arm of FirstHoldCo Group), NGX Real Estate Limited (a subsidiary of NGX Group), Japtini Logistics, and Awabaah (a micro- pensions business). She is also a member of the Statutory Audit Committee of the Central Securities Clearing System (CSCS).
An advocate of continuous learning and thought leadership, Fiona has received executive education from MIT Sloan School of Management (USA), IESE Business School (Spain), and INSEAD (France). She is a Doctorate candidate at Afe Babalola University Business School.
Her professional affiliations include being a Chartered Stockbroker, Chartered Accountant, and Chartered Director, she is also an Honorary Member of the Chartered Institute of Bankers of Nigeria, she also serves on the Curriculum Review Committee of Lagos Business School and has been a mentor on the WIMBIZ Women on Boards Programme for four consecutive years.
Beyond corporate leadership, Fiona is deeply committed to philanthropy, supporting multiple institutions and sponsoring the education of young people reflecting her passion for inclusive growth and generational impact.
Her leadership philosophy is guided by enduring principles, excellence in execution, a refusal to settle for mediocrity, and an unwavering commitment to integrity and fairness.
Fiona’s presidency comes at a pivotal time for Nigeria’s capital market, as it navigates increased global integration, regulatory evolution, and rapid digital innovation. As President, she is poised to advance strategic priorities including deepening the market, strengthening professional standards, enhancing investor confidence, and nurturing the next generation of capital market professionals.
Fiona will assume office on April 30, 2026, with her formal investiture scheduled for June 25, 2026, where key stakeholders across Nigeria’s financial ecosystem are expected to gather to mark this historic leadership transition.
General News
Hackers Won’t Stop: NDPC Reports 1,500 Attacks, Warns Organisations

National Data Protection Commission (NDPC) has revealed that it recorded over 1,500 cyberattack attempts within a short period, exposing critical gaps in Nigeria’s data protection ecosystem.
The National Commissioner of NDPC, Dr. Vincent Olatunji, disclosed this in an interview with the News Agency of Nigeria (NAN) on the sidelines of a data protection training programme in Lagos.
Olatunji said the surge in cyberattacks forced the commission to temporarily shut down its network as a security measure to prevent hackers from breaching its systems.
“This temporary shutdown was a preventive move to stop the attackers from succeeding; it underscores how serious the threats have become,” he said.
Olatunji said cyber threats had become persistent and increasingly sophisticated, requiring organisations to adopt proactive and continuous security measures.
“Cyberattacks are no longer occasional; they are constant. Organisations must monitor their systems round the clock and remain up to date with security protocols,” Olatunji said.
He stressed that entities handling personal and sensitive data must implement robust cybersecurity frameworks, regular audits and incident‑response plans to reduce exposure.
The NDPC commissioner highlighted the acute shortage of qualified Data Protection Officers (DPOs) as a major challenge in Nigeria’s data protection landscape.
He said the Nigeria Data Protection Act mandates organisations to appoint DPOs, creating a surge in demand for certified professionals that the current workforce cannot meet.
“There is a significant gap between demand and supply of skilled personnel. This training is designed to prepare participants not just for certification, but to fill that gap effectively,” he said.
Olatunji said Nigeria’s data protection ecosystem had recorded notable growth under a Public‑Private Partnership (PPP) model, generating over 10 million dollars in value.
He also revealed that the framework had generated more than seven billion naira in government revenue through registration fees and fines.
“Beyond revenue, it has strengthened Nigeria’s global reputation and boosted investor confidence in how data is managed and protected,” he said.
On ransomware attacks, Olatunji warned organisations against paying ransoms, stressing that payment emboldened cybercriminals and encouraged further targeting.
“Once you pay, you empower attackers. The focus should be on strengthening systems to prevent breaches, having backup plans, and responding swiftly when incidents occur,” he said.
He urged both public and private institutions to prioritise resilience over quick fixes when dealing with cyber extortion.
Facilitator Dr. Taiwo Oyeleye said the ongoing training programme was designed to equip participants with both theoretical and practical knowledge of data protection and privacy.
“They will gain a clear understanding of data protection principles, organisational frameworks and technical safeguards required to secure sensitive information,” he said.
Oyeleye expressed confidence that participants would help bridge existing awareness and capacity gaps across sectors such as finance, health, telecommunications and government services.
Another facilitator, Mr. Wole Jacobs, advocated for stronger collaboration between the NDPC and the National Information Technology Development Agency (NITDA) to confront emerging cyber threats.
Jacobs said the training would enhance participants’ capacity to protect data, promote awareness and contribute to Nigeria’s digital‑transformation agenda.
He emphasised the need for continuous learning and adherence to global best practices in cybersecurity and data‑privacy standards.
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