News
NIPOST Raids Firm over Alleged Shady Deals in Capital Market

Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), said it has uncovered some of the shady deals going on at the Nigerian Capital Market, involving some Company Registrars.

NIPOST has also invited the Economic and Financial Crimes Commission (EFCC), to further investigate the matter.
The recent exposure was about a shady deal involving a Registrar to an old generation bank, who allegedly contracted a business worth N15 million to a courier company said to be an illegal operator
It was learnt that the operating license of the said company had been revoked by CLRD since 2018.
The said business was about the processing of the 2020 Annual Reports of a quoted company in the oil and gas sector, worth N15 million, handed over to the courier company by the Registrar, in preparation for the 52nd Annual General Meeting (AGM) of the oil and gas firm, which held on August 3rd, 2021 in Lagos.
The ugly development in the Capital Market, prompted the raid of the courier company, located in Ikeja, Lagos, at the weekend, by the enforcement team of CLRD.
CLRD, an arm of NIPOST is responsible for the registration, regulation and monitoring of courier operations in Nigeria.
Led by Mr. Worimegbe Banks, assistant general manager in charge of Ethics, Complain and Strategy at CLRD, in company of Police officers from FCIID, Alagbon, Lagos, the enforcement team raided the premises of the courier company, arrested the manager and went away with courier documents, including a dispatch motorbike belonging to the firm.
The documents include: receipt booklets, bundles of 2020 Annual Reports booklets belonging to MRS Oil Nigeria Plc, cartons of Huawei USB, files, registration book, among others.
Mr. Gideon Shonde, general manager, CLRD, who gave details of the raid and why it was carried out, said the clampdown was a major breakthrough for NIPOST in the fight against illegal and unlicensed courier operations in Lagos State.
According to him, the courier firm had been under surveillance for illegal operation for six years after refusing to validate its operating license since 2013.
“The operating license of the courier company was eventually revoked in 2018 for default in payment of renewal fee to the tune of N1.9 million. While they were busy processing the Annual Reports of an oil and gas company worth N15 million, the enforcement team of CLRD, clamped down on them. Arrest of its staff was made and an evidence of illegal operation was established, and prosecution will commence in earnest, ”Shonde said.
He further said it was worrisome that the Registrar could leave out licensed courier operators, to patronise illegal courier operator, in a sensitive business that has to do with the printing and distribution of a company’s annual financial report to its shareholders, while serving them notice of meeting, despite the fact that CLRD sends the list of licensed courier operators to all Registrars on a monthly basis.
“Illegal courier operators are fund of cutting corners and not delivering on the job. A clear case could be seen around the bundles of the 2020 annual reports, which the courier firm ought to have delivered to shareholders of the company, at least two weeks before the AGM. What this means is that majority of the shareholders did not get the notice of meeting and the 2020 Annual Reports that supposed to have been delivered to them by the courier company before the date of the AGM, ”Shonde said.
He said money must have been paid and the job was not delivered, adding that such shady deal and others have been going in the Nigerian Capital Market, defrauding the federal government of huge sums of money.
News
Microsoft Revamps Copilot in Workplace AI Push

Microsoft has rolled out a new set of features for its Microsoft 365 Copilot platform, including tools for complex, multi-step work and deeper research tasks, as competition in workplace artificial intelligence (AI) intensifies.

The update introduces Copilot Cowork, a capability aimed at handling long-running tasks across Microsoft 365 applications.
The feature is being made available through the company’s Frontier programme, which typically gives early access to experimental tools.
Microsoft is also integrating technology linked to Claude – an AI model developed by Anthropic –into Copilot, signalling a broader shift toward using multiple AI systems within a single product rather than relying on a single model.
Jared Spataro, chief marketing officer for AI at Work at Microsoft, says the company is positioning Copilot as a system embedded directly into workplace software, rather than a standalone tool.
“Microsoft 365 Copilot is your AI for work,” he says, adding that it draws on multiple AI models and is integrated into existing workflows.
Alongside this, Microsoft has upgraded its Researcher feature, which is designed to analyse information from multiple sources and generate structured reports.
A new “Critique” function separates the drafting and review process between different AI models – one generates an initial response, while another evaluates and refines it.
The company says this approach improves output quality, with Researcher showing gains on its internal benchmark for accuracy, completeness and objectivity.
Another addition, called Model Council, allows users to compare outputs from different AI models side-by-side, highlighting differences in responses and reasoning.
The updates form part of what Microsoft calls “Wave 3” of Copilot, as it pushes to embed generative AI deeper into enterprise software. The move reflects a wider industry trend towards combining models from multiple providers, including OpenAI and Anthropic, to improve performance and reliability.
News
Dangote Refinery Debunks Speculations on IPO

Dangote Petroleum Refinery and Petrochemicals (DPRP) has debunked recent circulation of unauthorised information regarding a potential Initial Public Offering (IPO).

In a statement, DPRP noted that several online platforms and unofficial sources have published unverified, and in some instances inaccurate, information relating to a potential offering.
“Such reports do not originate from DPRP and should be treated with caution. All official updates regarding any potential transaction will be communicated strictly through DPRP’s formal public disclosures and announcements issued by its appointed advisers, in line with applicable laws and regulatory requirements.
“Accordingly, the public, investors, and all market participants are strongly advised to disregard speculative commentary and rely solely on verified information formally issued by DPRP or its authorised representatives,” the statement said.
The firm assured stakeholders that, when appropriate, comprehensive, and accurate details regarding any proposed transaction will be made available through official channels, including regulatory filings, authorised press releases, and coordinated communications by the Enterprise and its appointed advisers.
News
Descasio Launches “Give to Gain” Leadership Insights Report, Hosts Executive Brunch for Women in Leadership

In celebration of International Women’s Day, Descasio hosted an intimate executive brunch bringing together distinguished women leaders from its customer community for a thoughtful conversation on leadership, partnership, and shared growth.

Centered around the 2026 International Women’s Day theme, “Give to Gain,” the gathering created space for accomplished women in enterprise leadership to reflect on mentorship, collaboration, and investing in people as key drivers of sustainable growth.
Held in Lagos, the event convened leaders from organizations including Honeywell Group Limited, Finchglow Travels, NGCOM, and Eroton Exploration & Production Company.
Guests were personally welcomed at the start of the gathering by Mr. Dele Nedd, CEO of Descasio; who greeted each of the women leaders and expressed his appreciation for their presence before leaving the session to allow the women lead the conversation among themselves.
The gesture reflected Descasio’s leadership culture; one where women are not only recognized, but actively supported and empowered. It also underscored the company’s belief that meaningful progress in leadership requires partnership and allyship across the organization.
Rather than a traditional panel discussion, the brunch was designed as a candid and reflective exchange among peers navigating leadership in complex industries. Throughout the conversation, participants shared perspectives shaped by experience, responsibility, and the realities of leading teams and organizations.
A recurring theme in the discussion was the role of execution and accountability in leadership. For many organizations, strategy alone is not enough; consistent delivery is what ultimately builds credibility and trust.
Reflecting on this, Josephine Adebola, Data Compliance & Process Automation Manager at Finchglow Travels, emphasized the importance of reliability in leadership and the discipline required to translate vision into results. “Get it done on time and in full.”
The conversation also explored the role of curiosity and continuous learning in shaping effective leaders. In rapidly evolving industries, the ability to ask questions, remain open to new perspectives, and keep learning is often what enables leaders to grow alongside their organizations.
Sharing her perspective, Tomi Otudeko, Chief Operating Officer at Honeywell Group Limited, reflected on how curiosity has shaped her leadership journey.
“Asking questions and continuously learning have always stood me in good stead as a leader.”
She also spoke about the importance of leading with empathy and understanding the people behind the roles within organizations.
“Everyone has multiple dimensions to who they are. Leadership has taught me to see people in their totality. That awareness doesn’t make a leader weak; it makes them more effective.”
Another important theme that emerged from the conversation was authenticity in leadership. In an environment where leaders often face pressure to conform to traditional expectations, remaining true to one’s identity while continuing to evolve is essential.
For Helen James-Eziashi, General Manager at NGCOM, authenticity and curiosity remain key guiding principles. “Be yourself, keep learning, and stay curious.”
The discussion also highlighted the role of self-awareness in sustaining leadership journeys, particularly in complex and high-responsibility environments. Understanding one’s values, motivations, and support systems often becomes the anchor that allows leaders to navigate uncertainty with confidence.
Reflecting on this, Ifeanyi Onyejekwe, IT Manager at Eroton, emphasized the importance of knowing what grounds a leader.
“Know who you are and understand what supports and sustains your leadership journey.”
According to Descasio, the event reflects its broader commitment to building strong partnerships and fostering meaningful leadership conversations across its enterprise customer community.
“For us, this was about more than marking International Women’s Day,” said Umama David-Ogebe, The HR Manager at Descasio. “It was about creating a space where leaders could learn from one another and reflect on the kind of leadership that builds strong organizations. The most meaningful partnerships grow from conversations like these.”
To extend the impact of the discussion, Descasio has published “The Give to Gain Leadership Report: Insights from Women Leading Enterprise Organizations,” a curated publication capturing key reflections and leadership lessons shared during the session.
The report highlights themes including:
- The role of curiosity and continuous learning in leadership
• Building stronger teams through empathy and accountability
• The importance of authenticity and self-awareness in navigating leadership journeys
• How investing in people drives stronger partnerships and resilient organizations
The Give to Gain Leadership Report is now available for download Here.
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