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NIPOST Part of Knowledge Based Economy, Digital Convergence- Adegbuyi

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Bisi Adegbuyi, post master general of the Nigeria Postal Service (NIPOST)
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Bisi Adegbuyi, post master general of the Nigeria Postal Service (NIPOST), has reiterated that the Service will queue-in into the knowledge-based economy and digital convergence drives of the Federal Government promoted by the Ministry of Communication

This he said is being pursued by the new leadership through the deployment of technology to tackle financial and other leakages in the Service.

Adegbuyi made the remark recently in Lagos at Bulkpost Venture Customers Forum adding that the mandate of the new leadership to abide by the global standards, deploy technology to block leakages and increase the revenue base.

Adegbuyi said, “Deployment of technology to tackle leakages is paramount in our drives to serve the customers better, because if our competitions serve the customers better we will lose out. Also, now that the ‘party’ is over; the dependence on monopolistic product is over, we are ready to deploy technology to tackle leakages and through that increase our revenue”.

He added that NIPOST will queue-in into the knowledge-based economy and digital convergence drives of the Federal Government promoted by the Ministry of Communication.

“It is very pertinent to start by saying that world-wide this postal brand is not just known; but very powerful, one of the most critical social roles of the Post is connecting he world through postal service. However, in today’s highly competitive scenario, a dynamic postal brand must represent far more than traditional service to the public,” the PMG said.

According to him, to continue to be relevant in today’s dispensation, a postal brand must not only proactive but must also evoke trust, security and highly qualitative service that is able to enhance customers’ loyalty.

“Knowledge-based economy is the way forward, because it leverages on the dynamics of the citizens and Nigeria cannot be different. We need a convivial environment for discussions and I believe the Bulkpost Venture Customers’ Forum is one of such platforms. We need robust ideas on how to judiciously deliver on the mandate using available resources. NIPOST only needed a leader to show the way because we have competent men and women in the Service to deliver on the mandate.

“Postal administrations world over today, face series of challenges in an attempt to achieve maximum efficiency and excellent quality of service. However, as customers’ expectations and demands continue to grow, the post has also risen to the occasion by striving harder to be more customers friendly through networking, partnering and knowledge sharing while deploying ICT to enhance efficient service delivery,” he added.

Conscious of the critical role of feedback in today’s mailing business; Bulkpost Venture introduced the customers’ Forum/lecture/dinner and awards night in 2001 as an avenue for interaction amongst the stakeholders in the capital market specifically and bulk mailing industry in general.

“However, the theme of this year’s forum ‘The Impact of the Action and or Inaction of the Capital market Major Players on the Financial Prosperity of NIPOST’, is a demonstration of our grave concern for the unimaginable downturn in the revenue accurable to the Federal Government through NIPOST from this sector of the economy,” he said.

The PMG said that as revenue generating agency of the Federal Government, so much is expected from the sector especially with the fall of the oil revenue to the federation account.

He however said that what is really intriguing about the introduction of compact discs (CDs) some years back and recently, SMS as replacements for hard copy AGM reports and notice of meetings was that unlike the e-dividends, e-bonus, etc, there was neither prior notice nor any form of sensitization program seeking the opinion of other stakeholders.

“While cutting cost is quite apt in business setting, we sincerely believe that all stakeholders in the capital market mail delivery chain. Even though as an organisation we are not opposed to ‘change’ especially as related to the deployment of ICT by Registrars and company secretaries in the mailing business, we are bothered about the sudden turn of event. For instance, was the interest of shareholders who are in the rural areas and have no access to computers and the internet facilities or the kind of phones to download the reports put into consideration? Was any thought given about the impossibility of sitting down to read the whole report at once? Not forgetting that hard copy paper documentations are almost immoral in nature whereas, one may lose his GSM phone, tablet or computer, loss of devices’ memories and virus infestation may cause loss of documents.

“As we take flight to e-platforms, I think all these should be carefully considered by Regulators and other stakeholders here present. Even in developed countries of world, certain documentations are still being done ‘hard copy way’”, he explained.


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General News

Enugu Air Commences Operations Today

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Enugu State-owned commercial airline, Enugu Air, is set to officially launch its operations today Monday, July 7, 2025. The launch ceremony will take place at the Akanu Ibiam International Airport, with the Minister of Aviation and Aerospace Development, Festus Keyamo, expected to attend alongside other dignitaries, according to a statement from the airline.

Dr Obi Ozor, Commissioner for Transportation, Enugu State, said Enugu Air is a key component of Governor Peter Mbah’s vision for a modern, integrated transportation system, aimed at positioning Enugu as a major aviation hub in Nigeria.

The airline will begin operations with a fleet of three Embraer jets, from the E170 and E190 series, chosen for their performance, passenger comfort, and suitability for regional routes.

The airline’s inaugural routes will form a strategic triangular operation connecting Enugu, Abuja, and Lagos, with plans to expand services to Port Harcourt, Owerri, Benin, Kano, and other key cities across Nigeria and beyond.

Ozor said, “With a strong foundation built on innovation and sustainability, Enugu Air is poised to transform regional air travel, boost state pride, and raise Enugu’s profile nationally and globally.”

The launch of Enugu Air is expected to have a significant impact on the aviation industry in Nigeria, providing more options for air travel and promoting economic development in the region.

With its modern fleet and strategic routes, Enugu Air is set to revolutionize air travel in Nigeria and establish Enugu as a major player in the country’s aviation sector.

 


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Cybervergent Selected as World Economic Forum’s 2025 Technology Pioneer Company

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In affirmation of its global standing, Cybervergent, a Pan-African technology company that leverages artificial intelligence to transform how organisations manage risk, governance, privacy, and cybersecurity, has been selected as one of the World Economic Forum’s (WEF) Technology Pioneers for 2025—a global cohort spotlighting companies transforming industries through breakthrough technologies and responsible innovation.

The WEF, an international organisation committed to improving the state of the world through public-private collaboration, brings together global leaders to shape economic, technological, and societal agendas. Cybervergent now joins this global community.

The company is recognized for its innovative approach to building digital trust, reimagining how organisations manage cybersecurity, risk, privacy and governance.

Commenting on the company’s milestone, Adetokunbo Omotosho, CEO of Cybervergent, said, “I am honoured that Cybervergent has been named a Technology Pioneer by the World Economic Forum. This is more than an accolade — it’s a validation of our commitment to redefining cybersecurity, privacy, and risk management to build true digital trust.

“What makes this recognition even more meaningful is the fact that Cybervergent demonstrates innovation in AI and infrastructure can emerge from any region, challenging conventional perceptions.”

Some past recipients of the Technology Pioneer recognition, including Google, Spotify, and Airbnb have gone on to fundamentally reshape global industries.

As a member of the 2025 Technology Pioneers community, Cybervergent will be contributing to discussions shaping cybersecurity, AI, and cyber resilience across industries and the global digital economy.


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Moove Plans to Raise $1.2Bn Debt Round for US Autonomous Vehicle Expansion

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Moove, an African mobility fintech startup, is on a quest to secure a $1.2 billion debt financing round to support the rollout of a fleet of autonomous vehicles.

This is in partnership with Alphabet Inc.’s Waymo in the United States, according to a Bloomberg report citing sources familiar with the matter.

The startup has since attracted backing, including from Uber Technologies Inc., and entered a strategic partnership with Waymo in December 2024 to provide financing for self-driving cars.

Ladi Delano, co-founder of Moove, noted that the company has a solid financial track record.

“Moove has built strong relationships with some of the world’s leading lenders. We have also fully repaid our first-ever debt facilities, which signals our maturity and marks a key milestone that demonstrates the strength of our platform as we enter the next phase of global autonomous-vehicle infrastructure deployment,” he said.

The round is reportedly oversubscribed, with strong participation from private credit firms and banks.

Waymo has also not made any official statement regarding the funding round. While final details are expected to be concluded in the coming weeks, the deal will mark a significant milestone for the firm as it ramps up its global ambitions.

Founded in 2020 by Nigerian entrepreneurs, Ladi Delano and Jide Odunsi, Moove began by providing vehicle financing for ride-hailing drivers in Africa’s largest cities.

 


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