General News
Nigeria Loses 12.5% Courier Companies Annually

Piqued by challenges ranging from regulatory, operational to managerial, the dearth rate of companies in the Nigerian courier sector stands at 12.5% per annum, according to information available to the Nigeria CommunicationsWeek.
The total number of licenced operators by the Nigerian Postal Service (NIPOST) as at December 2014 is 374, whereas Nigeria CommunicationsWeek gathered that only 80 of them are functioning optimally, bringing the exit rate to 79% in the last 30 years.
The dwindling trend in the sector was attributed to, but not limited to, lack of due regulation channel and absence of proper regulation; inimical activities of local government employees on Nigerian roads; misunderstanding of courier operators importance and schedule by the law enforcement agents and ultimately, non-recognition of the viability of the sector by the Federal Government.
Speaking in Lagos on the appalling state of the industry, Mr. Siyanbola Oladapo, president, Association of Nigeria Courier Operators (ANCO), said that the demand for reforms in the postal sub-sector has been recurring dismal in Nigeria’s policy formulation.
Oladapo recalled that the Department of Post and Telecommunication (P&T) was split during the regime of General Muhammed Buhari (rtd.) in 1985 (now President-elect). From the spilt emerged the Nigeria Telecommunications (NITEL) and the Nigeria Postal Service (NIPOST).
“Since the spilt, the telecoms sector has undergone several reforms cumulating in the tremendous investment and success especially with the advent of GSM. Although, NITEL has been comatose since then, however is it remarkable that the boost in the telecoms could not have been possible without the role of Nigeria Communications Commission (NCC).
“It is therefore regrettable that NIPOST and indeed, the entire postal sector have remained without noticeable reforms since its split from P&T”.
The ANCO President attribute the sorry state of the sector to the “non-reform in NIPOST” which he said, “has therefore negatively affected the Postal Sector including private courier companies. Instead of the Federal Government to create a neutral body to regulate the Postal Sector as it did for the telecoms, a department was carved out of NIPOST to regulate the private operators.
“Courier Regulatory Department (CRD) being a unit of NIPOST, not independent, so does not have the necessary Executive and Legislative powers to regulate, transform, and protect the Postal Sector,” he said.
Oladapo also sent a ‘Save Our Soul’ (SoS) message to President Muhammedu Buhari, to continue and complete the reform he started in the P&T 30 years ago as demand for the creation of a Postal and Courier Regulatory Commission (PCRC) had been made by body of private courier operators since the First Courier Summit held in 11 years ago.
Also, Mr. Okey Uba, ANCO’s secretary general bemoaned the lukewarm attitude in the Government quarters towards the plight of the sector adding that a Postal Commission Bill was sent to the 6th and 7th national Assembly for debate and passage through the Bureau for Public Enterprises (BPE), but none could scale through.
Meanwhile, the Federal Government sponsored an Executive Bill in that regards never materalised before the tenure of 7th NASS expired in June 2015.
ANCO said that the imperative for the passage of the Bill falls in line with the Universal Postal Union (UPU’s) recent drives on global reform of the postal sector.
Oladapo said that UPU (of which Nigeria is a signatory), has urged member countries to adhere strictly to this directive.
“We believe that with the passage of the P&C services Regulations Bill, a proper regulatory body shall be established for the sector”, he said.
Nodding in agreement, Mrs Lara Okuneye, vice president (ANCO), said that from the Political point of view, the newly inaugurated government should not ditch the achievements recorded by the outgoing government rather push for the passage of the Bill.
According to her, this is an industry that all involved will benefit, with immediate impacts like job creation, and contribution to the gross domestic products (GDP).
Also, Toyin Adeojo, publicity secretary of ANCO, said that States and Local Governments share in the blame, as their agencies are all out to ‘snuff life’ out of the existing courier operators through multi-taxations and other obnoxious charges.
He called on the new governments to convoke stakeholders’ forum for further deliberations on how to restore the dignity of the courier sector in the country.
General News
NiDCOM Launches Diaspora Startup Challenge to Boost Nigerian Talent

The Nigerians in Diaspora Commission (NiDCOM) has sought to harness the innovation and expertise of Nigerians across the globe with the launch of the Connected Diaspora x DOWA Start-Up Challenge and the Connected Diaspora Flagship Event 2025.

Speaking at a news conference in Lagos, Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, described the initiatives as timely and transformative, noting that they are strategically designed to tap into the creativity, enterprise and professional strength of Nigerians in the diaspora.
She said the Start-Up Challenge, themed “Building, Breaking and Believing in Nigeria,” aims to energise innovators abroad by promoting knowledge transfer, enterprise development and strategic investment to support Nigeria’s rapidly expanding economy.
According to a statement by NiDCOM, the challenge, which offers cash prizes of up to ₦1 million, is targeted at spotlighting exceptional ideas and supporting impactful ventures created by Nigerians living overseas.
According to Dabiri-Erewa, the initiative aligns with the Federal Government’s overarching goal of engaging the diaspora community as key partners in national progress.
She further announced that the Connected Diaspora Flagship Event will take place on December 19, 2025, in Lagos, and will bring together entrepreneurs, policymakers, investors, technology leaders and strategic partners for critical discussions on Nigeria’s future.
Kadiri Hamzat, Deputy Governor of Lagos State, will serve as the Special Guest of Honour and is expected to speak on the importance of collaboration between government and the diaspora in accelerating development.
NiDCOM also revealed that notable contributors from the global diaspora community and Nigeria’s entrepreneurship ecosystem will enrich the sessions and help shape new pathways for meaningful engagement.
Dabiri-Erewa said their support remains invaluable in driving the success of the initiative. She emphasized that their continued collaboration helps unlock the potential of Nigeria’s global talent pool and fosters sustainable economic growth.
The Commission called on stakeholders across both the public and private sectors to support the initiative, stressing that the opportunities for innovation, collaboration and nation-building are immense.
NiDCOM urged young Nigerians and diaspora returnees to participate actively in the Start-Up Challenge, reminding them that entries close on December 12, 2025.
The December event will also feature a Diaspora Talent Career and Internship Fair, aimed at connecting diaspora returnees with internship opportunities offered by DOWA partner organisations.
NiDCOM said the fair will further strengthen talent exchange and deepen the country’s development capacity.
The programme timeline includes the opening of applications for the Start-Up Challenge from November 18 to December 12, followed by public voting on Instagram from December 13 to 17.
The winner will be announced on December 18, ahead of the final presentation at the JK Randle Centre in Lagos on December 19.
NiDCOM encouraged interested participants to follow the provided registration details and take advantage of the platform created to connect, innovate and contribute to national advancement.
General News
PromoPrint Rekindles Nigerian Resilience @ 25th Anniversary

Indigenous printing company, PromoPrint Ventures Ltd, celebrated 25 years of operations in the country on Tuesday 2nd December, at an event held at the Lagos Motor Boat Club in Lagos.

The evening saw business executives, clients and stakeholders in the printing space gathered to attest to the dexterity and Nigerian resilience demonstrated by Mrs. Patricia Ojora, the Founder and Chief Executive of the company in sustaining the growth of PromoPrint over the last 25 years.
Amongst many things on display that evening were PromoPrints very first t-shirt printed in the year 2000. Guests also cheerfully adorned custom-made patterns done by Promoprint on our indigenous cotton fabric (Funtau).
In her opening remarks, Mrs. Patricia Ojora recalled the past 25 years of operation in Nigeria at the helm of PromoPrint. While not easy, she says:
“We’ve been able to do it and we enjoy it. There’s nothing better than creation. To create something from nothing and do it so well, it’s a passion for me. It’s something that I really, value. I’m a great supporter of Nigeria, so I believe that we should be able to do things well in Nigeria. We don’t need to always import, that’s why we’re doing this today, to be able to collaborate with people. Most of the people here are people we’ve collaborated with and have worked hard to build Nigeria back up”.
She recounts how she was able to change the narrative of many Nigerians that were printing outside of the country who are now printing with PromoPrint Ventures. “People used to print outside the country because they didn’t trust the quality that was here in Nigeria,” Patricia explains with an understanding that “we can produce good quality here within Nigeria.”
The company is a one-stop shop for all things printing with all operations happening in-house, from the expertise of crafting graphics and garment production to the t-shirts, roller banners, corporate gifts and more being rolled out on a daily basis. “What we are selling is peace of mind in a chaotic place.” Patricia says, with nearly three decades of successful operations and collaboration under her belt.
Significantly, she makes sure the company remains primed for the future, using AI and the like to remain progressive in strategy and implementation. Patricia proudly states, “Our automated printing carousel can churn out 10,000 tees a day if needed and our many corporate clients can attest to this.”
In attendance was Atedo Peterside (CON), Founder, Stanbic IBTC Bank Plc, one of many guests in the room who spoke to PromoPrints impact. “There’s something about longevity,” he shares with the crowd, “If you’ve kept the business going for 10 years, I always tell people, it means you’re doing something right. If you get it going for 20 years, you’re doing something very correct. Patricia must be doing something phenomenally right and it’s my sincere hope that she keeps it going, keep building, keep innovating.”
“Patricia can create almost everything,” Peterside remarks, “she has the courage, audacity and the commitment.”
Mrs. Ibukun Awosika, Nigerian businesswoman and the first female Chairperson of First Bank of Nigeria, contextualises the tenacity of Patricia’s efforts rather well. She reminds the room that “when you think of how many big multinationals who have so much that protects them, who have a lot of support systems internationally and locally, who gave up on Nigerian manufacturing, then you have to go back and think about those of us like Patricia.”
Even after 25 years, Nigeria remains in need of more Entrepreneurs, particularly those like Patricia, to boost the SME and manufacturing industry in the country despite the odds. “She didn’t give up,” Awosika says in admiration.
“What is key is that, when we celebrate the likes of Patricia and her company, we know without a doubt that it’s not just because they want to have a celebration. It’s because, in truth, the Nigerian entrepreneur is a star, and even more so, the Nigerian manufacturer.” Awosika concludes.
So, we celebrate Mrs. Ojora and her PPV entire team, and all that has gone into 25 years of hard work, commitment, creativity, we also recognise the passion that does not allow you to give up on the vision, the commitment to not only creating jobs for other Nigerians but creating value within Nigeria. The commitment to innovating a solution for every challenge and every situation. Indeed, it was a worthy celebration.
General News
Optimus AI LABS CEO Showcases AI Breakthroughs in Nigeria’s Financial Sector

Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS, has unveiled a suite of artificial intelligence innovations poised to transform Nigeria’s financial services industry, aligning with recent Central Bank of Nigeria (CBN) directives on consumer protection and fraud prevention.

Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS
Basamta, speaking at a media parley in Lagos, said the company’s flagship product, Omnis, is redefining customer engagement in banking by serving as a virtual assistant embedded within mobile applications.
According to him, the platform is capable of analyzing customer behavior to recommend tailored financial products, effectively functioning as a “digital salesperson” that boosts bank revenues while enhancing customer experience.
He noted that Optimus AI LABS, which began as a modest startup targeting small businesses such as schools, has now identified greater opportunities in serving banks, fintechs, and microfinance institutions.
“The financial sector presents the biggest opportunity for AI to deliver value at scale,” Basamta said.
In response to rising fraud concerns and new CBN regulations mandating resolution of fraud cases within 14 days, Basamta highlighted the company’s AI-powered support platform designed to address customer frustrations over delayed assistance.
The system, he explained, interacts naturally with users, resolves issues promptly, and escalates unresolved cases, thereby strengthening compliance and improving customer satisfaction.
Basamta also recounted the firm’s global expansion, citing its work with Canadian clients, including the development of a dental learning environment for a major dental group.
He said this international footprint demonstrates Nigeria’s capacity to compete globally through homegrown innovation.
Reflecting on the company’s relocation into office space formerly occupied by KUDA, a fast-rising Nigerian fintech, Basamta expressed optimism that Optimus AI LABS is on a similar trajectory toward scaling into a major industry player.
He emphasized that the company’s growth would contribute not only to technological advancement but also to national development.
Basamta concluded by appreciating partners and stakeholders, stressing that “big things can emerge from small beginnings when powered by AI’s transformative capabilities.”
General News2 days agoNiDCOM Launches Diaspora Startup Challenge to Boost Nigerian Talent
News2 days agoLagos Launches Tele-Vet, Nigeria’s First Veterinary Call Centre
E-Financial2 days agoCAC to Shut Down Unregistered PoS Operators by January 2026
Telecom2 days agoNigeria Lacks AI-Ready Data Centres, Trails in Capacity – Nnamani
Telecom2 days agoAnambra Leads Southeast in Digital Governance Under Soludo’s ICT Agenda
General News2 days agoOptimus AI LABS CEO Showcases AI Breakthroughs in Nigeria’s Financial Sector
General News2 days agoPromoPrint Rekindles Nigerian Resilience @ 25th Anniversary
E-Business22 hours agoReport Reveals Half of 2025’s Compromised Passwords were Already Leaked
















