General News
RisingRose is Customer-Centric -Linda

Linda Austin-akuta is the managing director of RisingRose Nigeria Limited. Linda, a pious manager is a graduate of Lagos State University (LASU), obtaining Bachelor of Science in Political Science. Upon completion of her National Youth Service she joined UPS in 2002 as a Client Services Executive. She rose to the position of Accounts Executive after she gathered many awards. She spoke to peter ugwu on matters that need urgent attention by the government in a quest to open courier industry for national development.
RiseRose’s Mission
The mission is to provide the best possible delivery service to our customers by curbing the inconsistencies in mails and financial documents delivery system. RisingRose wants to ensure end to the mishandling of the investors’ documents. Sometimes, the documents are lost in transit.
Part of the processes of ensuring safety is by packaging the documents in accordance with international best practices.
We are committed to offering superior levels of service with the most flexible options available at shortest possible time. We have been doing this for the past three years and our clients can testify to our integrity and reliability.
We believe in high effective customer service. For instance, there are practitioners that wouldn’t know that during packaging if one misses the address labeling, one are creating room for confusion for those that pick the package.
When the names and addresses are blurred or not conspicuously written the delivery may end up in a wrong hand or place. We believe in integrity and trust.
Assessment of Courier Industry
Since we started operations, we have discovered the need to deliver customers’ items on time.
For instance, our customers, most of whom we deliver dividends warrants, would want it delivered as scheduled.
If one fails to do that, it may end up in the hands of people that will mis-represent it.
That becomes a problem to the registrar. These documents are time sensitive.
Once we have this kind of job, we make sure we deliver; even if it implies stepping down other things. Moreover, all mails in our care are very important to us and must be treated very urgent.
Expansion Plans As e-Dividends Have Emerged
The conversion of annual reports, dividend certificates, et cetera to compact discs has already been taken care of, especially by the concerned authorities.
When the conversion started, it was still given to us (couriers) to deliver, but the prices crashed. For instance, annual reports that cost N150.00 were reduced to N60 per CD. Even if one is given 100,000 copies to deliver, the revenue was not enough.
However, Nigeria Postal Service (NIPOST) intervened, because CDs are more fragile to handle. The process of packaging the CDs needs extra care; the packaging was different.
So, it attracted extra charges. Presently, it cost N150.00 per CD to deliver.
Rising Rose Expectations
There are many expectations in the industry, like the regularization of the sector. Everybody is expectant that it will become a reality soon.
Meanwhile, in the interim, Courier Regulatory Department (CRD) of NIPOST has been doing what they could, within the limited resources at their disposal to quail some challenges in the industry.
Some people are of the opinion that they are not doing much. But, we believe that they are on the right track.
For instance, one cannot establish a courier company without obtaining a licence; otherwise one is going against the law. The CRD will provide all necessary rules and regulations to guide in the obtaining of courier licence and operation.
The rules form the operational basis for courier companies. We have witnessed in the recent past that some firms were axed by CRD for their inability to play according to the rules. Nevertheless, we feel they can do better if they are made to operate as courier regulatory commission.
Kicks Against Yearly Renewal of Licence
With regards to the annual licences renewal, well, the ANCO EXCOS are working on it and I hope they will come out with something more favourable to all operators.
Caging Portfolio Courier Firms
I believe that CRD is always after those people. It also behooves on the media and industry players to fight the old trends by consistent campaign against that and alerting the regulators when we see any of them in operation.
In ANCO, we can identify our members. It is an illegality that must stop. These people are architects of the downfall of many practitioners, because they would approach unsuspecting customers, collect parcels to deliver and later dump such packages thereby bringing bad name to the courier industry.
Although, they are not magicians, but their operations affect the genuine companies; they are threats to our integrity as an industry.
It boils down to the call for a Commission to manage the affairs of this industry. Meanwhile, the new ANCO executives have sounded the gong; if you are not a member of NAICA or ANCO, you should not be in the industry.
That will help in fishing out the bad eggs. Both the Government, regulators, registrars, recognized practitioners and the customers must unite to cage them.
Unharnessed Potentials
There are many of them. When I was in UPS, we started the warehousing project. Before then, we knew nothing about it in the country.
It has been yielding revenue for the company. Warehousing is an area that courier companies should look into. A lot of people do not want to have warehouse due to safety requirements, so others can leverage on that opportunity.
The online retailers may require such services too. In the actual sense, the online shops ought to partner with courier firms in terms of warehousing and delivery of goods to customers. Even Bulk post should tighten their noose on them.
The potentials in the industry can better be harnessed when players play according to the rules in the industry. They will become templates that future investors will emulate.
Meanwhile, the sector can be equated with the oil and gas. If we get a Commission today, a lot of jobs will be created in the industry.
IT and Courier
What we are doing is not pleasure inclined. Emails are pleasure writings. What we deliver are sensitive and time bound documents. They are physical documents that must be seen and felt at the other end. We still deliver them. So, email or no email we are moving on.
After e-dividends and e-certificates, for instance, we still carry the e-advice, which is meant to notify the shareholders involved that their accounts have been credited. In fact, technology is a plus to what we do. More people are beginning to trust the system.
They can use the internet to track movement of their packages. If you are doubtful of the capital market, you can use your system to monitor how the share is fairing in the market. That has restored shareholders’ confidence.
Encounter with Government Agents
We have a lot of challenges in this regard; Government agencies do obstruct the movement of courier dispatch riders on essential duties because of tax collection. These taxes we pay. I am of the opinion that if a special identification is given to us for the dispatch riders, it will enhance our inter-state operations and could reduce some legal risks to us.
Automation
Before now, when we have registered mails we recorded them in note books. This takes longer times. Presently, we give our customers soft copy that helps them to monitor the shareholder’ registered manifest. This makes it easier and more convenient to access their customers’ share registration.
General News
CBN Projects Petrol to Hover around N905/Litre this Year

Central Bank of Nigeria (CBN) has projected that the pump price of petrol would hover around N950 per litre in the year 2026.

The CBN stated this in its 2026 Macroeconomic Outlook for Nigeria.
In its outlook for the domestic economy, the bank made what it called baseline projections predicated on assumptions like crude oil price at an average of $60 per barrel in the fourth quarter of 2025 and $55 per barrel in 2026 and the Nigerian Foreign Exchange Market exchange rate at an average of N1,451.63/$ in Q4 2025 and N1,400/$ in 2026 (supported by a more efficient foreign exchange market, higher capital inflows, a current account surplus, and a broad-based improvement in economic activity).
The CBN stated that domestic crude oil production is assumed to be at about 1.5 million barrels per day throughout the forecast period, as premium motor spirit is expected to sell around N950, an amount higher than the current pump prices.
“The baseline projections are predicated on the following assumptions: crude oil price at an average of $60/barrel in Q4 2025 and $55/barrel in 2026 (consistent with the US EIA’s outlook that rising global crude oil inventories and supply glut would moderate prices); NFEM exchange rate at an average of N1,451.63/$ in Q4 2025 and N1,400/$ in 2026 (supported by a more efficient FX market, higher capital inflows, a current account surplus, and a broad-based improvement in economic activity).
“Furthermore, domestic crude oil production is assumed at about 1.5 mbpd (excluding condensates) throughout the forecast period. PMS price is expected to hover around N950 per litre in 2026. Government expenditure is projected to follow the 2025-2027 MTEF/FSP path, reflecting an expansionary fiscal stance aimed at supporting the $1tn economy initiative. MPR and CRR are assumed at 27.00 and 45.00 per cent, respectively. The baseline projections were generally supported by the assumption of continued improvement in business optimism and stronger investor sentiment,” the CBN said.
General News
FG to Empower Artisans for Global Value

The Federal Government has reaffirmed its commitment to grassroots artisans to upgrade local skills to meet both national and international benchmarks and compete in the global markets.

Speaking recently during the Skill-Up Artisans (SUPA) zonal rally, Dr Afiz Ogun, director-general of the Industrial Training Fund (ITF), stated that the initiative is designed to professionalise the sector.
The rally was designed to raise awareness of the programme throughout the North-West region.
The rally saw a diverse turnout of professionals, including those in construction and engineering such as welders, fabricators, plumbers, and carpenters.
Those in the technical service comprised of electrical installers and automobile mechanics, while those in the creative and digital space were fashion designers and ICT technicians.
Represented by Muhammad Aminu, the former zonal director of the ITF, Ogun explained that the SUPA scheme seeks to convert traditional craftsmanship into sustainable livelihoods.
He emphasised that the goal is to transform artisans from job seekers into employers of labour.
“We are calling on artisans across the North-West to embrace the SUPA programme,” Ogun remarked. “This is an opportunity to enhance productivity, increase earnings, and ensure our workforce can compete on a global stage”.
According to the DG, the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, focusing on restoring dignity to manual and technical work.
He noted that a competent artisan class forms the essential foundation of a productive economy.
He further called upon traditional rulers, community leaders, and trade associations to assist the ITF in disseminating information about the programme to ensure high participation rates.
“We are here to engage the technicians, the tradespeople, and the young talents who serve as the backbone of our economy,” he added.
Nancy Ekong, director of the Technical Vocational Skills Training Department, highlighted the programme’s recent successes. She revealed that over 30,000 artisans were trained and upgraded during the initial SUPA cycle in 2025.
The ITF remains optimistic that the continued expansion of SUPA will bridge the existing skills gap in Nigeria’s industrial sector.
General News
Bill Gates Pays Ex-Wife $8Bn Charity Payout in Divorce Settlement

American billionaire businessman Bill Gates, has paid $8 billion to his ex-wife, Melinda French Gates’ charity, five years after their split over his affairs with other women.

Bill Gates and Melinda French Gates
Gates made the $7.88 billion donation to Melinda French Gates’ Pivotal Philanthropies Foundation in 2024, The New York Times revealed.
The sum, one of the largest public donations ever recorded, was revealed in a new tax filing, which shows the first specific financial terms of the couple’s high-profile split in 2021.
Melinda resigned from The Bill and Melinda Gates Foundation in May 2024. Despite leaving the charity, she suggested her ex donate $12.5 billion to a new charitable foundation she intended to create.
A representative for Pivotal told the Times the $12.5 billion agreement has been fulfilled, and the nearly $8 billion donation was part of that agreement.
Melinda set up her Pivotal Philanthropies Foundation in 2022, the year after the divorce. At the end of 2023, it had $604 million on hand.
The billionaire pair split after 27 years together in 2021, embarking on what is considered the most expensive divorce settlement in the world. Melinda later received approximately $76 billion in assets.
Months later, details of Gates’ affair with a Microsoft employee were exposed.
The woman penned a letter to the company’s board in 2019, divulging details about the fling which began in 2000 and demanded that his wife, Melinda “read it”.
Microsoft’s board investigated the women’s claims and deemed the relationship “inappropriate”, the Wall Street Journal reported at the time.
Gates suddenly quit the board in March 2020 while the investigation was still in progress – and before the board could make a formal decision on the matter.
Two further bombshell reports were then revealed, alleging Gates had routinely hit on staffers at Microsoft and at the philanthropic foundation he founded alongside his wife.
A separate shocking report claimed that Gates had sought marriage advice from Jeffrey Epstein, with whom he reportedly shared a “close” relationship, having first met the convicted sex offender in 2011.
Gates’ and Epstein’s friendship first came to light in 2019, months after Epstein killed himself in his Manhattan jail cell while awaiting trial on charges of child sex trafficking.
The two men reportedly spent time together on multiple occasions, flying on Epstein’s private jet – dubbed the “Lolita Express” – and attending late-night gatherings at his Manhattan home.
E-Financial2 days agoBVN Enrollment Up 6.87 Percent to 67.84m in 2025 – NIBSS
E-Financial1 day ago19 Nigerian Banks Meet CBN Recapitalization Targets Ahead of March Deadline
General News2 days agoPawnith Appoints Martina Ogbebor as Managing Director to Lead Strategic Launch into Nigeria’s Fintech Ecosystem
E-Business2 days agoStudy Reveals Majority of IT Professionals Show Openness to Cyber Immunity
News2 days agoOpenAI Launches ChatGPT Health
E-Financial1 day agoKPMG Identifies ‘Flaws, Inconsistencies, and Omission’ in New Tax Law
Telecom2 days agoNCC, CBN Unveil Refund Framework for Failed Airtime, Data Transactions
News2 days agoTrump Threatens More Strikes in Nigeria


















