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National Postal Code System for Nigeria

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As part of the rebranding efforts of the President Umar Musa Yar’dua‘s administration to place Nigeria into global reckoning , Professor Dora Akunyili, Minister of Information and Communications has identified the post  as a key element in the campaign.

She recently launched officially the nation’s postal code system and said the absence of the system for the country has had serious negative effect on the recognition and status of the country among other nations. Before now the system had been in existence but it had low awareness by members of the public..

At the opening session of a two-day workshop on National Addressing System in Nigeria with the theme: “Addressing as a Strategic Infrastructure for National Development”, Akunyili said a good and reliable system is a non-negotiable requirement for the development of the country. According to her, the launch of the postal code system is intended to kick-start a new process of Addressing Nigeria  highlighting that the benefits of the physical address, postcodes and national addressing  standards including all the useful information in a data base  will include making it accessible by all relevant agencies for public good and national development .Akunyili  stressed that it is a big irony that after almost half a century of nation hood that  we still take issues of physical addresses lightly  whereas in developed economies , it is a very serious matter .

Akunyili explained that there is nowhere inn the country where a comprehensive system of street names and property number exist but rather more often than not phrases such as opposite the Total filling station, After Apostolic church, Next to the Police station and so on have been used as addresses even in the cities and towns saying that this does not only have a detrimental impact on the provision of services but that it also affects businesses operating efficiently.

Postal code (known in various countries as a post code, postcode, or ZIP code) is a series of letters and/or digits appended to a postal address for the purpose of sorting mail.

Germany was the first country to introduce a postal code system, in 1941. The United Kingdom followed in 1959 and the United States in 1963.

In February 2005, 117 of the 190 member countries of the Universal Postal Union had postal code systems. Examples of countries that do not have national systems include Ireland, Hong Kong and Panama.

Although postal codes are usually assigned to geographical areas, special codes are sometimes assigned to individual addresses or to institutions that receive large volumes of mail, such as government agencies and large commercial companies.

Postal codes in Nigeria are numeric, consisting of six digits and the Nigerian Postal Service (Nipost), the national carrier  divides the country into nine regions, which make up the first digit of the code. The second and third digits, combined with the first, are the dispatch district for outgoing sorting. The last three digits are for delivery. The main postal head office in each region will have a postal code ending in 00001, such as, Garki Main HO in Abuja has the postal code 970001, Ikeja HO in Lagos has 100001, Lokoja in Kogi has 270001 and Port Harcourt has 500001. The lowest postcode being 100001 and the highest is 982002 (12).

 


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Telecom

MTN @ First-ever CED, Pledges to Address Subscribers’ Concerns

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MTN Nigeria, has pledged the company’s renewed commitment to transparency and responsiveness in addressing customer concerns.

MTN @ First-ever CED, Pledges to Address Subscribers’ Concerns

Karl Toriola, chief executive officer, MTN Nigeria,

Karl Toriola, chief executive officer, MTN Nigeria, stated this at the telecoms provider its first-ever Customer Engagement Day (CED) in Lagos.

Speaking during the event, Toriola fielded real-time questions from customers, responding to issues ranging from data quality to customer service gaps.

“We’ve invested heavily to build a network that delivers value for money. While data in Nigeria remains among the most affordable globally, our priority is quality and consistency that truly powers ambition. Today is about transparency: answering your questions, listening to your concerns, and showing that MTN is not just a service provider; we are a partner in your journey,” he said.

The company emphasised that the Customer Engagement Day was designed as an open forum for dialogue between MTN executives and customers.

The hybrid event, themed “We See You. We’re With You,” featured sessions on digital literacy, data usage, youth mentorship, and financial inclusion, aimed at improving subscriber experience and usage efficiency.

Ayham Moussa, chief operating officer, MTN Nigeria, in his opening remarks, highlighted the company’s long-standing connection with Nigerians, noting that its operations were built with input from ordinary citizens.

“When MTN began, it was built by people like you: engineers, entrepreneurs, everyday Nigerians. Today, we connect over 80 million people, and our focus remains simple: to stand with you in your hustle, support your ambitions, and make life easier. This journey is about listening, improving daily, and being a shield for homes and businesses across Nigeria,” he said.

A key session on Data Usage and Management offered participants practical guidance on how to manage and conserve data, with many customers raising questions about consumption patterns and transparency in billing.

Ugonwa Nwoye, chief customer relations & experience officer, MTN, stated, “We know how essential data is; it’s how we live, work, and connect. From parents streaming classes to small businesses on Zoom, we see your daily realities. That’s why we’re focused not just on providing data but on helping you use it better, with practical tools and tips that put you in control. We hear you, and we’re acting on what you’ve told us today.”

Onyinye Ikenna-Emeka, chief marketing officer of MTN Nigeria,  reiterated the importance of continuous engagement: “Today has been about listening, learning, and connecting with you. We’ve heard your complaints, your ideas, and even your personal stories. From parents balancing their children’s needs to businesses working tirelessly online, be assured that we listen, we care, and we do. Your trust means everything to us, and we’re committed to turning today’s conversations into real actions.”

Ikenna-Emeka stressed that MTN Nigeria seeks to reposition itself not only as a telecom operator but also as a listening partner in the everyday lives of its subscribers.

The event also provided a platform for small businesses, young professionals, and digital creators to interact with MTN leaders during Speed Mentorship sessions, where they shared their goals and received guidance on navigating the digital economy, technology adoption, and entrepreneurial strategy.

Visitors engaged with various thematic lounges, including MoMo PSB, MTN’s fintech subsidiary, where tools for financial inclusion were showcased.

Other activities included a digital skills academy, interactive tech demonstrations, and a startup pitch challenge, reflecting MTN’s efforts to align services with evolving customer needs.

 

 

 

 


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E-Financial

West Africa Emerging as Crypto Adoption Epicentre- SEC Boss

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West Africa is fast emerging as a global epicentre for virtual asset adoption, propelled by a young, tech-savvy population and macroeconomic instability, according to Dr. Emomotimi Agama, director-general, Securities and Exchange Commission (SEC) Nigeria.

West Africa Emerging as Crypto Adoption Epicentre- SEC Boss

Dr. Emomotimi Agama, DG, SEC

Speaking at the West Africa Compliance Summit organised by the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) in Praia, Cape Verde, Dr. Agama warned that while the region’s embrace of digital currencies is accelerating, the absence of coordinated regulation leaves it vulnerable to financial crimes and illicit capital flows.

“With over 60 percent of West Africa’s population under the age of 25 and mobile-first fintech platforms thriving, the region has become a global hotspot for virtual asset adoption,” he said. “But we must act decisively. Regulation is not optional, it is an imperative.”

The summit, themed “Adapting and Thriving in a Complex and Evolving Compliance Landscape,” brought together financial regulators, compliance professionals, and security experts to explore the challenges posed by the rapid rise of virtual assets and decentralised finance (DeFi).

Dr. Agama disclosed that crypto transactions in Nigeria alone surpassed $56 billion in 2024, with citizens increasingly turning to stablecoins such as USDT and USDC to hedge against volatile local currencies.

He highlighted the growing trend of “crypto-dollarisation,” noting that young professionals now demand salaries in stablecoins, while businesses are adopting platforms like Binance Pay for cross-border transactions.

“The naira’s depreciation, Ghana’s cedi weakness, and persistent forex shortages have fueled this shift,” he explained.

“Traditional remittance channels charge up to 10 percent in fees, while cryptocurrencies offer faster and cheaper alternatives. Over $20 billion in remittances flowed into West Africa last year through crypto channels.”

However, he also cautioned that the same innovations driving financial efficiency are increasingly being exploited by fraudsters and criminal actors.

He cited GIABA’s report of $2.1 billion in suspicious crypto-related transactions across West Africa in 2024 alone, including the use of privacy coins by terror financiers to evade detection.

“Unregulated exchanges, artificial market crashes, DeFi ‘rug pulls,’ and Ponzi schemes have wiped out billions in investor funds,” he said. “The recent collapse of the CBEX Ponzi platform is just one of many such incidents. Strong regulation and regional coordination are the only path forward.”

Dr. Agama pointed to Nigeria’s recent legislative progress, especially the enactment of the Investment and Securities Act 2025, which formally classifies virtual assets—including cryptocurrencies, stablecoins, utility tokens, and NFTs—as securities under Section 355(4) and Part I of the Second Schedule.

“Under the new law, all exchanges, wallets, and DeFi platforms must be licensed by the SEC,” he stated.

“We’ve also established a Fintech and Innovation Department to facilitate ongoing dialogue with industry stakeholders and adapt our regulations to emerging realities.”

He called on West African governments to harmonise regulatory frameworks and strengthen intelligence-sharing, proposing a Unified Virtual Asset Service Provider (VASP) Licensing System under the ECOWAS framework.

“A crypto trader banned in Nigeria should not find safe haven in Ghana,” he asserted.

“Financial crime knows no borders. Our collective future depends on our ability to secure this emerging financial frontier.”

 

 

 

 

 

 


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General News

NOA Warns of Fake N1000 Notes in Circulation, How to Identify Them

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National Orientation Agency (NOA) in Kwara has cautioned the public on fake N1000 notes circulating in the state.

NOA Warns of Fake N1000 Notes in Circulation, How to Identify Them

Alhaji Abdulganiyu Dare, state director of NOA, disclosed this in a statement issued in Ilorin.

Dare emphasised the need for vigilance among residents and business owners in the state.

According to him, there is confirmed intelligence reports of syndicates flooding the area with counterfeit currency with batch numbers 364232 and 898248.

Dare said the counterfeit notes can be identified by their blurred portraits, watermarks, and irregular security features.

He urged the public to be cautious when handling large sums of money.

“The syndicates behind this crime exploit peak commercial hours in major local markets to carry out transactions with counterfeit notes.

“They target unsuspecting POS operators and merchants by defrauding them of their hard-earned money.

“NOA Kwara Directorate is committed to sensitising the public on the dangers of fake currency and the importance of verifying the authenticity of banknotes.

“The agency is working tirelessly to ensure that residents of Kwara are protected from financial scams,” he said.

While describing the crime as unpatriotic and capable of distorting the Nigerian economy, Dare said NOA would work closely with security agencies to bring the culprits to book.

The director advised residents to report any suspicious transactions or individuals to the authorities immediately.

“Together, we can build a safer and more secure financial environment for all residents of Kwara.

“By working together, the NOA and the public can prevent the circulation of fake currency and protect the financial interests of Kwara residents,” he said.


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