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Liberalizing the Postal Sector
In market dynamics as in real life situations, change is imperative. Change makes room for new opportunities for improvement in service delivery, for the development of new products, new processes, new structures and new ways of giving values to customers.
It has become a global trend that most governments have no business being in business. Instead, the movement all over the world is towards deregulation and privatization. In a liberalized economy, entrepreneurs would conduct due diligence, invest expertise, time and money, employ local people and pay taxes to the government. All that is required of the government is put an enabling law in place in accordance with international best practices that will make businesses to thrive.
The revolution in the telecommunications sector is a test case of what liberalization can bring to an economy. The Post Office and the Telecommunication Services used to be one organization before under the Post and Telecommunications (P&T) Department.
The department was later separated into Nitel and Nipost. Further attempts that were made to reform and liberalize the two sectors were blocked as a result of vested interests. However, the telecommunications industry was opened up by the Olusegun Obasanjo administration in 2001 to allow private expertise and investments to come in. Prior to deregulation, the telecoms industry was a monopoly dominated by Nitel and telephone lines then were in the hands of few aristocrats who could afford them. Owning a telephone line in such an era became a status symbol. In 1999, only about 450,000 lines were available compared to about 54 million lines that are connected in 2008, just seven years after liberalizing the telecoms sector.
Drivers of reform for the postal and courier sector are optimistic that the same feat achieved in the telecoms sector could be replicated in the postal and courier. They criticize government’s overindulgence in the affairs of Nipost, the national carrier in the postal business and say that such has led the organization to a lot of technical, financial and operational problems that have prevented the outfit from providing its core services. Constraints faced by Nipost in its operations include bureaucracy, complacency, insolvency, technical inadequacy among others as described by the Bureau of Public Enterprises (BPE).
The current practice worldwide is that governments are finding creative ways of funding and managing their service delivery to their citizens. They divest their equity holdings in the so called government establishments and allow private people to come in form of Public Private Partnerships (PPP) initiatives.
The proposed Policy and Draft Act demand that Nipost changes its legal status to a limited liability company. It is expected that by this change the new Nipost will be able to compete in the sector and deliver dividends to its investors. Other privately owned courier companies will also operate in a level playing field as Nipost will seize to be a government investment.

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General News
The Mood Market to Light Up Lagos with a Rooftop Gifting, Food & Lifestyle Fair this Christmas

This festive season, The Mood Market by Riella Luxé invites Lagosians and tourists to experience Christmas in a softer, more intentional way with her First Edition Christmas Fair, taking place on Monday, December 22, 2025, at Maison Fahrenheit VI (Rooftop) from 11:00 a.m. to 11:00 p.m. Entry is free and open to the public.

Designed as a lifestyle-led Christmas fair, The Mood Market is more than a shopping event. It is a curated rooftop experience built around mood, gifting, festive food, music, and community. The fair brings together intentional brands across candles, beauty, fashion, art, gourmet treats, and festive food offerings, all set against the Lagos skyline.
True to its name, The Mood Market allows guests to shop how they feel. The fair is thoughtfully curated into distinct mood zones, making it easier for attendees to navigate, connect with brands, and discover meaningful gifts that reflect emotion and intention rather than excess.
The defining moment of the evening will take place at 8 p.m., with The Mood Market Christmas Tree Light-Up Countdown, a first-of-its-kind festive moment aimed at creating a new Lagos Christmas tradition. The live countdown and lighting of the Christmas tree will symbolically mark “Lighting Up Lagos Christmas,” bringing guests together in a shared holiday celebration.
Food plays a central role in the experience, with a variety of festive food vendors offering comfort meals, holiday-inspired bites, and celebratory treats designed to complement the relaxed, lounge-style atmosphere. Guests are encouraged to eat, unwind, and stay, turning the fair into a full-day-to-night Christmas experience rather than a quick shopping stop.
Beyond shopping and food, the event promises an atmosphere designed for presence and relaxation. With DJ-led music throughout the day and into the evening, a dedicated lounge and chill area, and an open rooftop setting, guests can enjoy good music, festive meals, and conversations under the night sky.
Speaking on the vision behind the fair, founder and curator Gabriella P. Okechukwu shares: “The Mood Market was born out of a desire to change how people experience Christmas shopping. Instead of overwhelming fairs, we created a curated, rooftop space where people can shop their moods, enjoy good food and music, and find gifts that truly mean something. The Christmas tree light-up represents our vision of building a shared festive moment Lagos can return to every year,” Gabriella P. Okechukwu, Founder & Curator, The Mood Market by Riella Luxé
By blending intentional shopping, festive food, music, atmosphere, and tradition, The Mood Market by Riella Luxé positions itself as a refreshing addition to Lagos’ Christmas calendar; one that prioritizes mood, memory, and meaningful celebration.
E-Financial
Access Holdings Shareholders Approved to Raise N40bn Capital Through Private Placement

Access Holdings Plc has received the approval of its shareholders to raise additional capital of up to N40 billion or such other amount or their equivalent in foreign currencies, via private placement.

The shareholders gave the approval as part of the special resolutions at Access Holdings Plc Extraordinary General Meeting (EGM) held on Thursday December 18.
In a notice to the Nigerian Exchange Limited (NGX), Access Holdings said the new ordinary shares created in connection with the private placement, will be allotted at a price of N20.25 to one or more investors in such tranches and on such terms and conditions as shall be determined by the Board.
Access Holdings Plc Board of Directors is authorised to consider, negotiate, approve, and finalise the list of potential private placement investors; determine the structure, valuation, modalities, and timeline for the private placement.
The Board was also authorised to consider, negotiate, approve and finalise the list of potential private placement investors; determine the structure, valuation, modalities and timeline for the private placement.
The shareholders also approved for the issued share capital of Access Holdings Plc to be increased from N26 658 billion to N27.646 billion by the creation and addition of 1,975,308,641 ordinary shares of 50 kobo each ranking pari-passu with the existing ordinary shares of the Company.
General News
Jumia Kicks Off December Holiday Sale, Bringing Festive Deals to Shoppers Nationwide

Jumia Nigeria has launched its highly anticipated December Holiday Sale, unlocking a wide range of festive deals and savings for shoppers across the country from December 2 to December 28.

This year’s campaign goes beyond seasonal discounts, introducing a special sub-series titled “Celebrate Naija / Naija is Game,” running from December 15 to January 18. The initiative spotlights uniquely Nigerian themes and experiences, infusing the holiday season with cultural relevance and local inspiration.
The December Holiday Sale delivers a compelling mix of value, quality, and discovery, featuring the popular 12 Days of Christmas promotions, exclusive Brand Days, and deep-discount Anchor Deals across multiple product categories.
Speaking on the campaign, Temidayo Ojo, Chief Executive Officer, Jumia Nigeria, said the sale reflects the platform’s commitment to meeting the evolving needs of Nigerian consumers.
“The December Holiday Sale is our way of helping Nigerians celebrate the season without compromise. Today’s shoppers are value-driven, they want quality, convenience, and affordability. This campaign brings all three together with festive deals that address real household needs and aspirations,” Ojo said.
He added that strong Black Friday momentum continues on the platform, offering customers extended savings opportunities throughout the festive period.
On the creative direction behind the campaign, Lere Awokoya, Chief Marketing Officer, Jumia Nigeria, noted that the 2025 holiday sale is rooted in everyday moments that matter to customers.
“This year’s campaign is built around the joy of giving and daily value. ‘Celebrate Naija’ brings that spirit to life through culturally relevant themes and surprises that resonate across regions and lifestyles. We’re excited for Nigerians to discover everything we’ve curated—from gifts and essentials to dream purchases,” Awokoya said.
Shoppers can access deals across key categories including electronics, home and kitchen, fashion, beauty and personal care, and everyday essentials, with seamless online price discovery supported by Jumia’s nationwide logistics network.
Extending beyond major urban centres, Jumia’s fulfilment and pick-up infrastructure ensures customers in secondary cities and peri-urban communities enjoy the same festive prices without additional travel costs, turning convenience into tangible value.
With thousands of deals going live throughout the season, customers can expect faster deliveries, extensive pick-up options, and transparent pricing, making holiday shopping simpler and more affordable nationwide.
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