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Nigerians Love to Shop, But Limited by Delivery System- Okeke

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Mrs. Vivian Okeke, managing director of TransRoyal Courier
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Mrs. Vivian Okeke, managing director and chief executive officer, TransRoyal Courier Nigeria Limited, said that delivery sector is key to the survival of online businesses, especially the e-commerce platforms.

Okeke with over 18 years’ experience in courier/postal industry, has built TransRoyal to a reputable standard plying regional, nation and international routes.

Prior to that, she had worked in the oil and gas industry. In this interview with Nigeria CommunicationsWeek, she stressed on key areas entrepreneurs must understudy to survive in the sector; berating Government for lackadaisical attitude towards the development of the sector.  

TransRoyal Courier’s Beginning
We commenced operations in 1998 and currently have branch offices in all major cities in Nigeria. As a company with a penchant for excellence, we offer a variety of services; initially, our service was solely bulk-mailing which includes the distribution of mails such as annual reports, dividend warrants, among others. With time, we set our eyes on wider scopes.
This brought about the initial drive for us to open several offices, as a prerequisite for efficiency and speedy delivery.
Today, we render ‘Express Delivery’, which involves the delivery of mails/parcels for banks and other corporate institutions; through intra-city, nationwide, regional and direct services. We deliver such mails within 24-hours. We also diversified into haulage, logistics & cargo.
Through research, we found that sub-sector very attractive. We acquired trucks ranging between 5 to 30 tons.
One good thing about this aspect of our business is that the goods conveyed are covered by GIT insurance. We have a department on clearing and forwarding which has given our customers more reasons to do business with us. We clear goods for them, whether by air, land or sea and still deliver to their door-steps.
Warehousing is at the core of our business as well. There are customers who wouldn’t want to start opening warehouses, due to the finance and time involved, therefore, we delved into it. It has also helped our timely delivery of the goods, especially, across different regions.
Now the world has become a global village, removing the barriers in trading across borders, particularly, with the advent of the internet. Nigerians also should benefit from this.
Nigerians love to shop but are limited at the point of delivery. Many shops abroad do not ship goods directly to Nigeria. We at Transroyal are determined to meet the needs of businesses and our customers which led to our partnership with “Yourpersonalshopper.com”.

Challenges to Business Expansions
We were fortunate to have secured a SME loan from the bank in 2006. The loan actually helped our expansion plans, because it is not always easy for small businesses to secure such loans.
Today, we have been able to keep our heads above water, as the loans have been fully paid up.

Separating Self from Business
As a professional with many years of experience, I understand the risk of not differentiating between personal affairs and business.
I have also worked in the oil and gas industry where records and information management are key to performances.
Courier business involves adequate book-keeping and the recruitment of qualified personnel. Many think that our industry is an all comer’s affair. It is a lie.
If you are not equipped with the required skills, you will find it difficult to weather the storms. You should have qualified accountant, administrators, and other staff which lessens the burden on management, because you will pay less attention to the primary roles of these personnel. When you delegate duties, you have to back it up with the authority to carry them out.

E-Commerce Services (Delivery) Partnership with Yourpersonalshopper.com
That is our launching pad into the world of e-commerce delivery. On daily basis, people are embracing the platform.
There are those who are having issues about dispatching their parcels from overseas to Nigeria. We are standing in the gap.
Before now, people have to travel to buy and carry their goods themselves or wait till a relative or friend travels, before they can take delivery.
Now once you register with us, from the comfort of your home/office you can place your orders and have it delivered to your doorsteps, within a number of days.
If we calculate the man-hours lost, cost of traveling, visa cost, and other resources lost because you are traveling or sending someone to get the products, then you will appreciate this partnership, which takes the stress off the shoulders of our clients. Simply sign up with www.yourpersonalshopper.com.

E-Commerce vs Indigenous Courier Companies
The e-commerce platforms can thrive or deliver purchased items flawlessly with the help of courier companies. It is either they register a courier company with the Courier Regulatory Department of NIPOST or partner with an existing courier company.
In this era of specialization, it is quite cost-saving and more efficient to partner with a courier company than floating one which comes with its attendant challenges.
These challenges may delay operations and meeting customers’ demand on time. It is usually better to allow professionals handle the business.

Foreign Courier Companies Perform Better Than Indigenous, why?
I beg to differ with that notion. I don’t subscribe to the school of thought that says foreign courier companies perform better (in Nigeria) than the indigenous ones.
In Nigeria the foreign courier companies are mostly run by Nigerians. Even the indigenous courier companies have international partners. 
Transroyal Courier has an international partner.  The channels of delivery, mode of transport are the same so they both perform creditably well in terms of efficiency.

Government Neglecting Courier Sector
Apparently, there is a sort of debate that courier/postal sector be moved to the Ministry of Transport.
But, I feel, it is not about where we are placed as a sector rather it is where we will get adequate attention. It is very unfortunate that the post/courier is not being recognized.
The industry is seemingly abandoned by the past administrations. Since 1985 when the telecoms and postal was divided by the then Head of State, General Muhammad Buhari, we have seen the telecommunications industry grow in leaps and bounds, because they have an independent regulator, the Nigerian Communications Commission (NCC) which has been regulating this sector. Unlike the telecoms, the post has been neglected.
Without an independent regulator it will be difficult for the post to tap into its potentials. Even the Government owned NIPOST has not harnessed its full potentials. They are not finding it easy with a player-regulator responsibilities imposed on them.
The bureaucracies involved in carrying out their functions also limit their performances. And you cannot regulate yourself. 
Government has been unresponsive to the plights of the sector. We have been clamouring for reforms in the sector since 2004, when the first national courier summit was held.
We were happy in 2015 when the Federal Executive Council (FEC) sent a bill to the National Assembly on the proposed reforms. We thought by now it would have been passed. Even smaller neighbouring African countries have regulators and the sector is adding value to the GDP of their respective economies.
Courier sector is very large and dynamic and has huge capacity to employ labour. If over 200 courier operators in Nigeria are to operate offices across the major cities in Nigeria, we can create thousands of jobs through this industry. However, we are confident the present administration will look into the plight of the sector.

Leading ANCO Delegation to the Institute of Courier (IoC)
Courier is a professional field. Thus, the Association of Nigeria Courier Operators (ANCO) deemed it wise to lead the cause for lifting the barriers to professionalizing the sector.
So, we considered the need for an Institute of Courier (in Nigeria) to standardize operations and project ethics of the profession.
We will be partnering with the Institute of Courier UK, Nigeria and British Universities to offer courier related courses, trainings and certifications. This will in no measure enhance skills and proper staffing in the sector, from managerial level to dispatch.

Relevance of Independent Regulator to Achieving the Course
Well, the Association believes having an Independent Regulator would have fast-tracked the development of the courier industry, but we as an association are unrelenting in our efforts to drive the development of the sector.
With an Independent Regulator the industry would contribute immensely to the Gross Domestic Product (GDP) of the country and provide thousands of jobs to Nigerians.

Impact of Certain Economic Policies on Courier Industry
Yes, certain economic policies do impact negatively on the courier industry, like the ban on motorcycles by some State Governments affected our business. Particularly in Benin where there is an outright ban on the use of motorcycles.
We appealed to some state governments who modified the ban to allow courier companies free access.  As courier which must ensure timely delivery of items, the use of motorcycles is essential particularly many places where we have bad roads. 
The power situation is not helping matters as well. We implore the government to end this perennial problem in the country. We know the great impact this will have on the economy.

‘Money Bags’ Investors in Courier Business
Investment is always welcome in the courier industry. Nigeria is a big market and there is always room for more.
They have to ensure they engage the right people with expertise and experience to ensure success. 
This is one of the reasons a Regulator is needed to ensure things are done with best practices and rid the industry of unethical practices.
ANCO is at the forefront on the call on government to establish an Independent Regulator for the industry. That is the only way out. .

Multiple-Taxation
This is killing companies subtly, perpetuated mostly by local government and their agents. I don’t understand why they demand that we obtain license and pay levies per local government. This is Multiple Taxation. In other climes, once you have a paper from the Government, it covers your operations at every level.
This case of multiple taxation is prevalent in the oil producing States like Warri, Port Harcourt; every local government expects you to register with them. It is challenging and unhealthy for business growth. Because of this challenge, we have been having meetings with different stakeholders, as speed is paramount in courier business.
Delaying a dispatch bike or van for more than 10 minutes can cause untimely death. Yes! By the time you are to deliver a medical sample or laboratory test, and these local government officials detain the dispatch-man and his working tools, it can cause very serious damage in the life of another man.

Customer Care in Courier Sector
To us in TransRoyal, the customer is the king. We have a dedicated customer care unit that attends to the needs of customers to ensure their satisfaction.
Using our courier software and most up-to-date computer technology, enables our clients to track/trace the status of their shipments during their transit and provide full information on them at destination. 
Our vision in Transroyal (TRC) is to create Trust, ensure Reliability and keep our customers’ Confidence always.

How Entrepreneurs can Thrive in Courier Business 
As a starter (startup) it is not easy to float a courier business or any business for that matter. You need to learn the trade.
Courier business is capital intensive and you need expertise. There are technology, processes, and special skills needed for one to succeed in the business.
That is why we are emphasizing on trainings and certifications. Every department in courier business has its peculiarities.

Licensing and Renewal     
The disagreement with regards to licensing, especially, the yearly renewal, has not been resolved.
The fees are arbitrary compared to other sectors and the courier business in other climes.
We have had series of meetings with the Courier Regulatory Department (CRD), which led to the former reducing of the fees, but in view of the economic realities, we still want a downward review of the renewal fees. This will encourage the industry to grow.


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Interswitch Advocates Trust-Driven Infrastructure as Cornerstones of Africa’s Cross-Border Capital Future

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Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, has reaffirmed its commitment to advancing a seamless and inclusive financial ecosystem across the continent at the recently concluded Inclusive Fintech Forum 2026, which held at the Kigali Convention Centre, in Rwanda from 10 -12 March 2026.

Speaking during a high-level session themed “Financial Centres & the Future of Cross-Border Capital” Akeem Lawal, Managing Director, Payments Processing & Switching (Interswitch Purepay), highlighted the critical factors shaping the next phase of financial integration across Africa.

He noted that while rapid advancements in digital technology have made it possible for capital to move across borders at unprecedented speed, the ultimate destination and impact of such capital flows are determined by trust, robust infrastructure, and strategic collaboration.

According to Lawal, as Africa’s economies continue to digitize and integrate, stakeholders must prioritize building resilient payment systems and fostering partnerships that enhance transparency, interoperability, and shared prosperity.

He emphasized that sustainable growth in cross-border financial flows will depend not only on technological innovation but also on the collective ability of institutions to inspire confidence and enable seamless transactions at scale.

Throughout the forum’s engagements, Interswitch, as one of Africa’s leading and pioneering digital technology enablers reiterated its long-standing vision of fostering a prosperous and interconnected Africa. The company continues to champion the development of a secure, technologically advanced digital payments ecosystem designed to connect and empower individuals, businesses, governments, and communities across the continent.

Participation at the Inclusive Fintech Forum underscores Interswitch’s strategic focus on driving thought leadership, strengthening regional collaboration, and supporting initiatives that accelerate financial inclusion and economic resilience.

As Africa navigates the evolving landscape of digital finance and cross-border commerce, Interswitch remains committed to delivering innovative solutions and partnerships that unlock opportunities for growth and shared value creation.


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FCCPC Launches Fuel Price Surveillance, Probes Airline Price Gouging, Resolves N10bn Complaints

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In a robust move to shield consumers from opportunistic profiteering, the Federal Competition and Consumer Protection Commission (FCCPC) has rolled out comprehensive nationwide monitoring of fuel prices, zeroing in on petrol marketers amid escalating global hostilities between the United States, Israel, and Iran that threaten to jolt Nigeria’s volatile petroleum market.

FCCPC Launches Fuel Price Surveillance, Probes Airline Price Gouging, Resolves N10bn Complaints

FCCPC

Executive Vice Chairman and Chief Executive Officer Tunji Bello unveiled this proactive strategy during Thursday’s riveting March edition of the Meet the Press briefing at the Presidential Villa, Abuja, underscoring the profound, cascading implications of any petrol price uptick on everyday essentials from transportation to foodstuffs.

“We are presently monitoring the situation now, the effect of the US, Israeli, Iran war as it affects prices in Nigeria. Petrol has far-reaching effects on some of the things we eat or take daily,” Bello articulated, revealing the deployment of dedicated monitors empowered to interrogate stark pricing anomalies—such as when competitors slash rates by ₦100 or ₦200 per litre, yet outliers stubbornly hold at ₦1,100 to ₦1,500—and seamless collaboration with the Department of Petroleum Resources (DPR) to enforce accountability and deter exploitation.

Turning to the aviation sector, Bello disclosed that FCCPC’s exhaustive probe into yuletide price gouging has pinpointed five to six domestic airlines for collusion, inflating fares from a baseline of ₦145,000-₦150,000 to exorbitant ₦500,000-₦700,000 during the Christmas rush.

“We investigated the airlines during the Christmas period because what we found was that they colluded to fix prices at that time,” he affirmed, confirming the issuance of an investigative report with stern penalties in the offing and directives for refunds of exploited excesses to aggrieved passengers. While withholding names pending finalisation, Bello signalled imminent public disclosure to restore market fairness.

Consumer grievances span critical sectors, with energy topping the list—electricity users railing against persistent metering deficits, inflated estimated billing, and unreliable Band A tariffs promising up to 20 hours daily yet delivering far less—prompting FCCPC to rigorously enforce service-tariff proportionality on distribution companies.

Fintech woes, particularly in online transactions and predatory loan apps, alongside telecom billing disputes, also proliferate, reflecting Nigeria’s deepening digital economy pains.

Bello highlighted FCCPC’s stellar track record, resolving over 9,000 complaints between March and August 2025 and clawing back more than ₦10 billion for victims. “Nigerians sometimes grumble more than they complain. Once you complain, the system generates a code for the complaint, and we can begin to act on it,” he urged, championing formal channels for swift intervention.

The Commission recommitted to dynamic partnerships with consumers, trade associations, and sister regulators, fortifying defences against anti-competitive conduct and embedding consumer rights as the bedrock of Nigeria’s evolving market ecosystem.

This multi-pronged offensive arrives at a pivotal juncture, as geopolitical flux and domestic inflation test regulatory mettle.


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Court Freezes Bank Accounts of Petrocam, Founder over Alleged N9Bn Zenith Bank Debt

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Federal High Court sitting in Lagos has ordered the freezing of bank accounts belonging to Petrocam Trading Nigeria Limited and Patrick Ilo, its founder, over an alleged N9.05 billion debt.

Court Freezes Bank Accounts of Petrocam, Founder over Alleged N9Bn Zenith Bank Debt

Patrick Ilo and Petrocam Filling station

Justice Chukwujekwu Aneke of the court granted the interim orders in Suit No: FHC/L/CS/393/2026 which was an ex parte application filed by Zenith Bank to preserve funds allegedly owed by the defendants as of May 31, 2025.

It was gathered that the ex parte motion was argued by Chief A.A. Aribisala (SAN) on behalf of Zenith Bank.

While delivering the ruling on Wednesday, the court restrained the defendants, whether acting by themselves or through agents, privies, or assigns, from withdrawing, transferring, dissipating, or otherwise dealing with funds up to the sum of ₦9,057,511,855.63, pending the hearing and determination of the motion on notice.

“An interim order is hereby granted restraining the defendants/respondents, Petrocam Trading Nigeria Limited and Patrick Ilo, whether by themselves, their agents, privies or assigns, from withdrawing, transferring, dissipating or otherwise dealing with any funds up to the sum of ₦9,057,511,855.63 pending the hearing and determination of the motion on notice,” Justice Aneke ruled.

The court further ordered the freezing of all accounts linked to Bank Verification Number (BVN) 22141926401, which the bank alleged is being used by Ilo to operate Petrocam’s accounts.

In addition, Justice Aneke directed all financial institutions within the jurisdiction of the court to immediately place a lien or “Post-No-Debit” restriction on all accounts associated with the BVN.

According to the order, “All financial institutions within the jurisdiction of this honourable court are hereby directed to place a lien or post-no-debit restriction on all accounts linked to BVN 22141926401 pending further orders of the court.”

The order extends beyond traditional banks to key operators within Nigeria’s electronic payment ecosystem. Among those joined as respondents in the matter are the Nigeria Inter-Bank Settlement System, Interswitch Limited, and Interswitch Financial Inclusion Services Limited.

The court also directed the institutions to disclose the details of all accounts linked to the BVN. Justice Aneke ordered the respondents to file an affidavit of return within seven days, revealing all accounts connected to the BVN, their balances, and the transaction history covering the preceding six months.

Court documents filed in support of the application showed that the credit facility at the centre of the dispute was subject to several pre-disbursement conditions imposed by Zenith Bank.

According to the filings, Petrocam was required to formally accept the facility through its authorised signatories, provide a board resolution approving the loan, and disclose any existing indebtedness to other lenders, including facility limits, outstanding balances, and collateral pledged.

Other conditions included the domiciliation of sales proceeds and Sovereign Debt Note subsidy payments from Oando Plc and Total Nigeria Plc into Petrocam’s account with Zenith Bank.

The company was also required to submit relevant contract agreements for the bank’s approval and provide a five percent counterpart contribution for each transaction, while all required security documentation had to be executed before the facility could be disbursed.

The bank further stated that Petrocam was expected to submit quarterly management accounts within 60 days after the end of each quarter and audited annual financial statements within 120 days.

In addition, Petrocam was required to route all import duty payments and Letters of Credit through its account with Zenith Bank, establish Letters of Credit for petroleum imports, and obtain comprehensive marine insurance naming Zenith Bank as the first loss payee.

Court filings also revealed that General Marine and Oil Services Ltd had been appointed by the bank to monitor petroleum product warehousing at Petrocam’s expense.

The facility agreement further imposed foreign exchange obligations, authorising Zenith Bank to settle maturing Usance obligations at 12 percent interest if Petrocam failed to provide the necessary funds.

The bank maintained that in the event of default, Petrocam would be responsible for all legal, recovery, and ancillary costs arising from enforcement of the facility.

The court also granted Zenith Bank leave to serve the defendants through substituted means.

Justice Aneke ruled that the defendants may be served at their last known address in Victoria Island, Lagos.

The matter has been adjourned to March 17, 2026, for mention.


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