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Nipost Retunes Guidelines for Couriers’ Registration

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Nigeria Postal Service (Nipost) has released its updated rules to guide companies and individuals seeking to register courier firms in the country.

Under the new guidelines tagged “Courier Registration”, exclusively obtained by Nigeria CommunicationsWeek, Nipost through the Courier Regulatory Department (CRD) has included the new licensing and renewal fees.

By implication, companies or individuals seeking to float courier firm would henceforth forward application form to the Senior Assistant Postmaster General, CRD, with the licence fee, in bank draft of N2 million for domestic or national operation, or N10 million for international courier operations. This goes with a non-refundable fee of N20, 000.

The document added, “Note that the non-refundable licence fee should be payable to the Postmaster General”.

Thereafter, the inspection team from CRD would visit at least five branches and head office of the prospective courier operator; the success of the inspection entitles the prospective operator to new courier licence.

Under the new fee regime, Nigeria CommunicationsWeek recalled that renewal fee is pegged at N500,000 for domestic operators while their international counterparts are to dole out N2 million.  

Other information and/or evidence required from the prospective companies include, but limited to Certified True copy of Certificate of Incorporation; Memorandum/Articles of Association; Company’s Tax Clearance for the last three years (originals to be sighted); Leasehold Certificate or Tenancy Agreement in respect of the company’s registered office and Evidence or information to show capacity to operate courier service including but not limited to indemnity insurance policy of Five Hundred Thousand Naira, capital base of Two Million Naira or a bond of that value.

Others are Names, qualifications and addresses including telephone and/or fax numbers of all Directors of the company; Samples of waybills, labels, bags, tags envelopes, receipts registered trade mark (if any) and other documents that may be required and Partnership, merger, alliance (or such other arrangements) agreements (if any).

Dr. Simeon Emeje, senior assistant postmaster general and head of CRD, had told Nigeria CommunicationsWeek that the new fees are in accordance with the trends of the time, adding that the department is working assiduously to ensure courier industry in Nigeria is properly regulated and in consonance with international best practices.

According to him, with a postal commission highly expected to come on board, courier industry would heave sigh of relief soon, especially in addressing multifaceted issues confronting operators currently.

“The new licencing and renewal fees reflect the current trends in the economy and Nipost is reviewing the fees after 12 years.

“On the courier operators’ challenges, we have had several discussions with them and the complaints are not far from multiple taxations through stickers by local governments, the issue of Lagos traffic law, etc. We hope that with a new Postal Commission coming on board would not just modulate operations in the industry, but it will harness tools of engagement that will enable government at different levels see reasons with the courier operators,” he said


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NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution

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Nigerian Communication Commission (NCC) has warned telecom consumers to desist from using illegal GSM boosters.

NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution

The commission also said that anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.

GSM boosters are devices that transmit and receive telecommunications signals and can therefore interfere with other radio frequency equipment.

Ikechukwu Adinde, director, public affairs, NCC, said in a notice published on NCC website, that only licensed network operators are allowed to use GSM boosters.

The booster, also known as amplifier or repeater is made up of three main elements – exterior antenna, amplifier, and interior antenna.

They form a wireless system to boost cellular reception

“Members of the public should note that, willful interference with any wireless telegraphy is an offence under Section 16 of the Telegraphy Act, 2004,”it said

The agency said it will not condone any flagrant breach of this law.

It has also enforced measures to prosecute offenders.

Accordingly, monitoring mechanisms have been put in place and anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.

“Any member of the public with useful information regarding the illegal use of GSM Boosters should contact the Commission on 09-4617000/7351 or send an email to [email protected],” the notice said.

“Individuals desirous of using GSM Boosters should note that they can only do so in conjunction with licensed network operators,” it added.

 

 


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Tizeti Selects Nokia to Provide LTE Fixed Wireless Access Solution for High-Speed internet Services in Nigeria

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Tizeti announced that it selected Nokia’s Fastmile Long Term Evolution (LTE) technology to enable usprovide superior internet services to over 1 Million subscribers in Port Harcourt, Edo and Ogun in Nigeria.

Tizeti Selects Nokia to Provide LTE Fixed Wireless Access Solution for High-Speed internet Services in Nigeria

Tizeti will deploy Nokia’s AirScale Base Station TDD-LTE and FastmileFixed Wireless Access (FWA) gatewaysto deliver premium internet and Virtual Private Network (VPN) services to Residential, Small and Medium Enterprises (SMEs).

The solution will also enable Tizeti’sto deliver a more robust, high-speedinternet service to subscribers and the flexibility to seamlessly evolve to 5G Fixed Wireless Access when needed.

Nokia’s FWA solution enables Tizeti to fast-track broadband access and provide a best-in-class broadband experience to its subscribers.

Nokia’sAirScale Base Stations ensure high-quality connectivity and coverage and enablesTizeti to evolve the network in line with customer demand.

Nokia’sFastmilegateways connect wirelessly to the existing network to createa fastbroadband connection and enhanced Wi-Fi experience in the home.

The Nokia Network Services Platform will help Tizeti to simplify operations and quickly respond to changing market demands.

Kendall Ananyi, Tizeti, said:“We are committed to providing the best-in-class network experience to our subscribers. We are confident that Nokia’s proven technology and expertise will help us differentiate our services based on quality. This a crucial project for us as it introduces LTE in our networks and allows us to bring new and innovative services to our subscribers.”

Eniola Balogun, Nokia, said:“We are thrilled to work with Tizeti on the initiative to upgrade their network to bring the latest products and services to its subscribers. Nokia Fastmile will help Tizeti to cost-effectively enhance the customer experience.

The project will also enable them to delight their subscribers by providing more reliable data services.

On the other hand, Tizeti will benefit by adding new revenue streams.”

 

 


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Risk Assets Push Higher on Vaccine Hopes; Eyes on the Fed

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By Hussein Sayed, Chief Market Strategist at FXTM,

After two consecutive weeks of back-to-back declines, global stocks kicked off Monday with solid gains amid a surge in M&A activity and positive signs towards vaccine developments. Currency markets were little changed ahead of a busy week of monetary policy announcements, while Oil and Gold ticked slightly higher.

The two big deals announced over the weekend were Softbank’s plan to sell chipmaker ARM to Nvidia for more than $40 billion and Gilead Sciences to acquire Immunomedics for a price tag of $21 billion. Meanwhile, on the vaccine front, AstraZeneca resumed its phase-3 trial on Covid-19 after being suspended last week following a neurological illness developed in one participant, and Pfizer announced that its vaccine could be distributed before year-end if found safe and effective.

 

Central Banks will take centre stage this week with the Federal Reserve, Bank of England and Bank of Japan all due to announce policy decisions. Out of the three meetings, the Fed is likely to be the most watched following its historic shift towards average inflation targeting. The big question remains how will the FOMC put this policy into action?

 

From what we know now, the Fed is set up to keep interest rates near zero for a long time, possibly for several years. Given the new framework, any spike in inflation won’t translate into immediate rate hikes as the Fed wants to compensate for the lost years when they have failed to hit the target. The dot plot will be the key guide for investors and traders alike. If inflation projections remain at 2% or below for the foreseeable future, this will solidify market expectations for a low rate environment for many years to come. That said, Jay Powell would still have to explain in more detail how the new framework will be translated into policy action.

 

In June’s economic projections, the Fed anticipated unemployment would be at 9.3% by year-end, but, in August, unemployment was well below that forecast at 8.4%. Many other economic data surprised to the upside during the June – August period in a clear sign that most economists were overly pessimistic towards the strength of the recovery. However, there is still a considerable amount of uncertainty given the latest surge in Covid-19 cases worldwide and the US, especially as we get closer into the winter season. A second wave will undoubtedly put the recovery at risk in the final quarter of the year and it will be interesting to see the Fed’s view on that issue.

 

As for the market selloff over the past two weeks, the Fed isn’t likely to show any signs of concern. In fact, policymakers should be satisfied with the pullback as the risk of a bubble in several assets has been growing due to the Fed’s extremely accommodative policies. Unless we see another 10 -15% drop, do not expect the Fed to intervene.


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