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Ohaegbue Calls for Review of Licensing Fee
Emma Ohaegbue managing director, Migfo Express Courier Freight has called for the review of the licensing fee charged by the Courier Regulatory Department, the regulatory body for the postal and courier sector in Nigeria saying that most courier operators are left with little or nothing to do the real business after paying the mandatory one million naira registration fee.
Ohaegbue said that courier services generally are facing financial problems and can not do much to move the industry forward. He said that lack of finance is responsible for the proliferation of mushroom courier companies in the country and frowned at banks refusal to give loans to entrepreneurs.
“It becomes very difficult for banks to give loans these days except if you are highly connected or that you know somebody in the bank otherwise banks ordinarily are supposed to assist courier companies. As courier companies are opening up branches in various parts of the federation, they are also employing staff and putting other logistics in shape. This takes a lot of money. Courier business takes sometime before you start reaping return, “he said.
Ohaegbue explained that Migfo Express is derived from Migfo Group Nigeria Limited, a freight forwarding services company that has a bonded warehouse in Lagos. He said the company incorporated courier business to assist Nigerians in the area of employment and informed that as soon as the company picked the courier license, it started the expansionist policy by opening up branches in the six geopolitical zones of the country to enhance good delivery of services. The company offers haulage, freight, logistics and courier services. Ohaegbue revealed that the strength of the young courier outfit lies in its good service delivery saying that among its peers that the company competes favorably, stressing that, at some point courier used to be their niche area but that the entrance of transporters into the delivery of letters affected the margin of the business which necessitated their diversification into other areas.
Ohaegbue advocated for consolidation in the courier sector. According to him, if the registered courier companies can come together and merge it will augur well for the industry in terms of efficiency and capacity even as he also harped on the issue of professionalism in the sector. He said that most people set up courier companies without employing courier professionals to run the business advising that such money bags should make out time to attend seminars organized by the Courier Regulatory Department.
He hinted that the company will go into extensive expansion before the end of last quarter of the year to beef up its haulage business.

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Telecom
MTN Mulls AI Tech to Protect Infrastructure as Cable Cuts Hit 13,000 in 18 Months

MTN Nigeria has said that there are plans to deploy an artificial intelligence (AI) technology to monitor and protect its fibre optic cables across the country.
Yahaya Ibrahim, chief technical officer (CTO), MTN, said the technology will detect vibrations, identify the cause, and alert relevant personnels.
According to Ibrahim who spoke during a session for the ongoing MTN Media Innovation Progamme, the proposed innovation comes amid concerns over the growing spate of telecoms infrastructure vandalism, which have led to multiple cable cuts, and the destruction of towers.
This, he said, would enable the company to promptly deploy agents to the site.
The system is being developed in collaboration with Huawei Technologies.
Providing data on fibre cut incidents in an email correspondence, the CTO said MTN recorded over 9,000 cable cuts in 2024.
He said 4,700 cables were destroyed as at the end of June 2025 alone, bringing the total to about 13,700 incidents in 18 months.
A breakdown of the incidents by zone showed that about 2,500 cuts occurred in northern Nigeria, 2,800 in south-west, while 3,500 were recorded in the south-east and south-south regions combined.
“If we look at the cuts per region, the Southeastern and South South states have more cuts and this is where we have the most hotspots for Fibre and site vandalism,” Ibrahim said.
“Akwa Ibom, Abia and Rivers stand out in states. While in specific locations Omoku and Egbema stand out for fibre vandalization.”
The MTN official said vandalism and road construction account for 69 percent of total cable cuts across the country.
Ibrahim said the incidents often disrupt services, with an average downtime of 15 hours recorded per month.
“Some regions are higher than others,” he said.
“All services will be down, that means no one will be able to use any services.
“We spent N17.6b in 2024 and budget for 2025 based on PO issued for maintenance and relocation is N26.3b.”
In addition to the expenditure, MTN is said to also conduct route patrol, route monitoring, and construction bypass — which involves the creation an alternative route that allows for the temporary or permanent relocation of essential resources around a construction site.
Ibrahim said the telco also invests in having a diverse route for resilience, relocation of fibre, holding stakeholder engagement, and working with communities for policing.
The technical officer confirmed that there are collaborations in place with state and federal authorities to secure fibre routes.
E-Financial
Banks Reopen Naira Card Payments for International Tuition Fees

Nigerian banks have resumed processing international tuition payments from Naira accounts through the Central Bank of Nigeria (CBN)’s Form A portal.
Form A is an application form designed by the Central Bank of Nigeria to pay for service transactions (invisible trade).
The form allows customers to purchase foreign exchange at the CBN or interbank rate to make payments for eligible services as predetermined by the foreign exchange manual.
This development comes a month after commercial banks announced the resumption of international transactions on their naira cards.
In an email to customers, Guaranty Trust Bank Limited (GTBank) and Lotus Bank announced that the service is now available for applicants paying undergraduate and postgraduate tuition fees abroad.
“Pay international tuition fees directly from your Naira account,” the notice from GTBank read.
To access the service, customers are required to register and submit their applications via the Trade System Portal at www.tradesystem.gov.ng.
GTBank explained: “Select the ‘Form A’ application for Educational Fees. Choose GTBank as the processing bank, attach required documents, and submit the application.”
Similarly, Lotus Bank stated, “Register on the Trade System Portal. Select Form ‘A’ application for Educational Fees. Choose Lotus Bank as the processing bank, attach required documents, and submit the application.”
In a similar notice, Lotus Bank also informed customers of processing international fees using its facility.
“Register on the Trade System Portal (www.tradesystem.gov.ng). Select Form ‘A’ application for Educational Fees. Choose Lotus Bank as the processing bank, attach required documents, and submit the application,” the bank said.
In 2022, Nigerian banks said international school fees and upkeep requests via Form A will be processed within 120 days due to forex scarcity at the time.
E-Business
Attackers Target Employees with Fake HR Updates

Kaspersky has identified an advanced phishing campaign targeting employees with personalised emails and attached documents disguised as HR policy updates.
This campaign marks a significant escalation in phishing tactics, with attackers tailoring not only the email body, but also the attachments by addressing individual recipients, showcasing an unprecedented level of customisation. The goal was to lure the victim into entering their corporate email credentials.
The attackers likely prepared by parsing employee names to make the campaign targeted and more convincing.
The emails feature a deceptive body: a fraudulent “verified sender” badge to build trust, the recipient’s name, and an invitation to open the attached file to review remote work protocols, benefits administration and security standards. However, the whole email body is in reality just an image with no real text in it; this is done to bypass email filters.
The attached document, posing as an updated “Employee Handbook,” does not contain any actual guidelines – only a title page, a table of contents with the items that have supposedly been changed highlighted in red, a page with a QR code, supposedly for going to the full document and common instructions on how to read QR codes using a phone. The document features the victim’s name multiple times to convince that this document was created specifically for them.
If the victim scans the QR code and follows the link, they land on a fraudulent page where they are asked to enter their corporate credentials, which is what the attackers are hunting for.
“This campaign demonstrates a new level of sophistication in phishing attacks, and we may be seeing a new mailing automation mechanism that generates a separate attached document and a separate image for the email body for each recipient.
“This tactic allows to scale the attack and at the same time possibly evade traditional defenses. Organisations must prioritise advanced security measures and employee education to stay ahead of these threats,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.
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