News
Obi Ozor, Kobo360 CEO Scoops Two Awards @ All Africa Business Leaders Awards

Obi Ozor, Co-founder and CEO of Kobo360, has been named ‘Young Business Leader of the Year’ and ‘Innovator of the Year’ at the 9th All Africa Business Leaders Awards [AABLA] in partnership with CNBC Africa in Johannesburg, South Africa.

Obi Ozor
With over six years of logistics and supply chain experience, Obi Ozor, manages all key aspects of Kobo360 including operations, investments, compliance risk management and product growth.
Prior to founding Kobo360, Obi was the Operations Coordinator at Uber Nigeria; his career also saw him work in investment banking at J.P. Morgan. In 2016, Obi left Uber and with his Co-founder Ife Oyedele II, Kobo360 was launched in a bid to disrupt Africa’s $150bn logistics sector through the power of technology. Since then, the team has raised $37.3m in institutional investment from global VCs, as well as build a truly pan-African logistics brand.
Speaking on the double win, Kobo360 co-founder and CEO, Obi Ozor says, “I am extremely honoured to be the recipient of the ‘Young Business Leader’ and ‘Innovator of the Year’ awards, and grateful to CNBC Africa for supporting the Kobo360 narrative over the years as well as bringing Africa stories to Africans and the rest of the world.
“Our story is one which young business leaders can resonate with – turning African problems into African opportunities, for the benefit of the entire continent and its people. However, in the logistics sector, our focus has not been exclusive to one group of people.
Kobo360 is for our drivers, it is for SMEs and it’s also for major businesses who need to move goods. These are groups who have all felt the pain points of the current fragmented logistics sector and we are continuously committed to innovating around their needs.”
Backed by international and African investors, including Goldman Sachs, International Finance Corporation [IFC], Y Combinator and TLcom, Kobo360’s tech-enabled full truckload offering enables the development of an efficient supply chain for end-to-end long-haul freight operations, connecting and supporting cargo owners, truck owners & drivers, and cargo recipients at scale.
To date, the company has moved 500Mkg of goods, aggregated a fleet of over 17,000 drivers and trucks, and services over 600 SMEs and works with over 80 large enterprises such as Dangote Group, DHL, Unilever, Olam, African Industries, Flour Mills of Nigeria, and Lafarge.
With operations in Nigeria, Togo, Ghana and Kenya, the e-logistics company is building a Global Logistics Operating System [G-LOS] that will power trade and commerce across Africa and emerging markets.
Ozor concludes: “Winning this award would not have been possible without the inspiration I have received from my family, my Co-founder Ife Oyedele, the Kobo360 team located across Africa and of course our investors, for whom I have the deepest respect for.
“We will only get better at what we do and remain committed to building a world-class organisation that will drive efficiency, reliability and affordability across the global supply chain ecosystem.”
The AABLA in Partnership with CNBC Africa is an empowerment driven initiative intended to distinguish and uphold the achievements of inspiring corporate front-runners on the African continent.
News
Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.
According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.
Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.
He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.
“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.
He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.
The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.
In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.
He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.
News
NAICOM Issues New Licences to 43 Recapitalized Insurers

The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.
According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.
Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.
He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.
The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.
He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.
According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.
Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.
The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.
News
Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.
Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.
Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.
The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.
Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.
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