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FG Reveals Strategy to Restructure, Modernise NIPOST

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By Modupe Gbadeyanka

Minister of Communications, Mr Adebayo Shittu, has launched programme of action plan on restructuring and modernising NIPOST and Strategic Plan Document Vision 2020.

Mr Shittu explained that the idea was to tackle the challenges before NIPOST which was as a result of major developments in ICT and modern means of communications; and to take advantages of this, effort would be made to create a socially, relevant economically viable and internationally  respectable post-driven entity.

He stated this during the launching of programme of action on restructuring and modernizing NIPOST and Strategic Plan Document-Vision 2020, adding that the first step in this direction would be “the enactment of the NIPOST Reform Bill presently before the National Assembly” which would address and clearly delineates critical elements of the regulatory and commercial functions of NIPOST.

The Minister, however, solicited the kind indulgence of the National Assembly for the expeditious completion of processes leading to the enactment of this and other bills awaiting enactment to reposition NIPOST.

Mr Shittu also stated that the Ministry was taking modifications further by approving a reform programme that would culminate in the formal unbundling of NIPOST’s commercial and regulatory activities into several profit-oriented, limited liability subsidiaries including –NIPOST Property and Development Company limited to take over the profitable management of all NIPOST Property nationwide; NIPOST Transport and Logistics Limited (Commercial Management of NIPOST’s Transport Fleet); NIPOST Merchandising Limited (to take advantage of the growing e-commerce sector in the country); NIPOST General Services and Support Company Limited (a social inclusion and public engagement company offering e-govt and other franchise); and NIPOST Digital Financial Services Limited (the ‘Post Bank’ that would offer financial inclusion services as a Mobile Money Operator licensed by the Central Bank of Nigeria).

The Minister disclosed that even with the unbundling of NIPOST, the original functions of Postal and Courier Services would continue to reside in NIPOST and that the Postmaster General would assume the role of Group Chief Executive Officer supervising the CEOs of these subsidiaries each of which would have Boards of Directors and appropriate corporate governance structures to energise this process.

Mr Shittu also inaugurated the NIPOST Modernisation Steering Committee headed by–the Permanent Secretary of the Ministry of Communications, Arc. Sonny Echono (Chairman), others are  Postmaster General, Asiwaju Adebisi Adegbuyi (Vice Chairman), Special Adviser to the Minister of Communications on Digital Resources optimization, Mr Akin Yusuf (Member/Secretary), also included in the committee are Director, Telecoms and Postal Services, Mrs Ngozi Ogujiofor; Director, ICT, Mrs Moni Udoh; Special Assistant to the Minister on NIPOST, Mr Okechukwu Igwe and two representatives from NIPOST, and one representative each from the Central Bank of Nigeria and the Bureau of Public Enterprises.

Speaking earlier, the Postmaster-General (PMG), Mr Bisi Adegbuyi commended the minister and the National Assembly for working tirelessly to ensure the Restructuring and Modernization of NIPOST.

He said the Restructuring and Modernization would strengthen and reposition NIPOST to be able to provide Nigerians with a solid platform for integration, innovation and inclusion.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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2027: Court Orders Deregistration of ADC, Four Other Political Parties

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david mark adc chairman

By Adedapo Adesanya

Justice Peter Lifu of the Federal High Court in Abuja has ordered the deregistration of the African Democratic Congress (ADC) and four others over failure to meet the constitutional requirements for political parties in the country.

In a judgment, Justice Lifu ordered the Independent National Electoral Commission (INEC) to deregister the affected parties, having failed to secure 25 per cent of the votes in the last general elections in compliance with the provisions of the law.

The five political parties include ADC, Accord (A), Action Alliance (AA), Action Peoples Party (APP) and Zenith Labour Party (ZLP).

Justice Lifu, who earlier dismissed all the multiple preliminary objections filed by the defendants, ordered INEC not to allow the parties to participate in the subsequent elections, including the 2027 general polls, having failed to meet the constitutional threshold.

A group, the Incorporated Trustees of the National Forum of Former Legislators, had filed the suit against the five political parties.

The plaintiff, who also joined the Attorney-General of the Federation (AGF) in the suit, named INEC as the first defendant.

The forum argued that the affected political parties failed to meet constitutional requirements relating to electoral spread and performance.

It contended that political parties were required to secure at least 25 per cent of votes in prescribed elections to remain relevant under the law.

It therefore urged the court to order the deregistration of the parties, insisting that none of the defendants had effectively countered the arguments.

This development comes as the ADC announced former Rivers State Governor, Mr Rotimi Amaechi, as the running mate to its presidential candidate, former Vice President Atiku Abubakar, for the 2027 general election.

It said that the decision followed extensive consultations with party leaders, coalition partners, youth and women stakeholders, and representatives of all geopolitical zones.

“The National Leadership of the African Democratic Congress (ADC), after extensive consultations with party leaders, coalition partners, youth and women stakeholders, and representatives of all geopolitical zones, is proud to announce that Mr Chibuike Rotimi Amaechi has been selected as the vice-presidential candidate of our great party for the 2027 presidential election,” the party disclosed in a statement on Monday.

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Nigerian Oil and Gas Park to Start Operations Q4 2026

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Nigeria oil and gas park scheme NOGaPS

By Adedapo Adesanya

The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed that the anticipated Nigerian Oil and Gas Park Scheme (NOGaPS) will become operational by the fourth quarter of 2026.

According to a statement by the General Manager of Corporate Communications Division at NCDMB, Mr Obinna Ezeobi, ahead of the target date for the park located at Emeyal-1, in Ogbia Local Government Area of Bayelsa State,  the NCDMB is set to install a 2.5-megawatt Com- pressed Natural Gas (CNG) power plant at the park.

He added that the power plant is one of the key steps to getting the facility operational, as it will provide a reliable and sustainable electricity supply to support industrial operations within the park.

Mr Ezeobi gave the assurance after an assessment visit to the facility by key personnel of the Board.

According to the statement, the tour revealed significant progress across key infrastructure and support systems designed to position the facility as a major industrial hub for Nigeria’s oil and gas industry.

It added that the Nigerian Oil and Gas Park Scheme was conceived to deepen Nigerian Content by providing a conducive environment for the manufacturing of components, equipment and other inputs required by the oil and gas industry, while creating employment opportunities for over 2000 persons when fully operational, and stimulating economic growth.

The oil and gas park scheme is a purpose-built industrial park with manufacturing shop floors and factories, warehouses, training centres, mini estates, truck parking and holding spaces, fire stations, administrative blocks, and security services, among other things, and is a critical initiative of the board geared towards in-country capacity development through local manufacture of equipment components and spare parts required in the oil and gas industry.

Six parks have been conceptualised and are located in different parts of the country, and they form a key part of NCDMB’s strategy for sustainable local content development and industrialisation. Two of the parks at Odukpani, Cross River State, and at Emeyal 1, Bayelsa State, have been completed, and interested companies have begun to take up shop floors, preparatory to the commencement of operations.

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Yuno, Onafriq to Unlock Pan-African Payments for Global Merchants

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yuno Onafriq

By Modupe Gbadeyanka

A partnership for the integration of Onafriq’s leading pan-African payment network into Yuno’s orchestration platform has been entered into between the two organisations.

This collaboration gives merchants a single connection to Africa’s most expansive payments infrastructure, bringing the continent’s most expansive payments infrastructure to merchants worldwide.

Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, nearly one billion mobile wallets, 500 million bank accounts, and 2,000 cross-border payment corridors, all through Yuno’s single, developer-friendly API.

The partnership is part of Yuno’s broader strategy to build a truly global platform that connects merchants to every meaningful payment method and network, regardless of geography. Following successful expansion in the Middle East, Europe, and Asia, Africa is a key pillar of Yuno’s next phase of growth.

For Onafriq, the integration with Yuno extends its reach to an entirely new segment of global merchants who now benefit from a streamlined entry point into African markets. The partnership reinforces Onafriq’s mission of making borders matter less, bringing together mobile money operators, banks, fintechs, and enterprises into one connected payment ecosystem.

“Africa represents one of the most exciting growth opportunities in global commerce, and yet too many merchants are still locked out by payment infrastructure that wasn’t built for scale.

“Our partnership with Onafriq changes that. By bringing their unmatched African network into our infrastructure layer, we’re giving our clients a single path to a continent-wide ecosystem with the reliability, compliance, and local depth they need to grow with confidence,” the chief executive of Yuno, Mr Juan Pablo Ortega, stated.

Also commenting, the chief executive of Onafriq, Mr Dare Okoudjou, said, “Africa’s payment landscape has never lacked ambition or momentum; what it needed is the right infrastructure that matches its pace.

“Our partnership with Yuno changes the equation for global merchants who want to be part of this growth story. Through a single connection, global merchants can reach consumers and businesses across Africa more seamlessly than ever before, while more people across the continent gain access to the digital economy on their own terms. For us, this is what making borders matter less looks like in practice.”

Onafriq’s infrastructure supports the full payment lifecycle, from real-time disbursements and omnichannel collections to card issuance, treasury management, and stablecoin settlement, all underpinned by local regulatory licences and ISO 27001 and CMML3-certified security.

For Yuno’s merchant base, this means the ability to pay out to mobile wallets, bank accounts, or cash pickup points, and accept payments across channels, without managing multiple integrations or compliance frameworks independently.

The integration is now live and available across Egypt, Ghana, Kenya, Nigeria, Cameroon, Côte d’Ivoire, and Uganda. Yuno’s clients can access Onafriq’s capabilities, including mobile money disbursements and collections, card issuance, and FX treasury services, directly from the Yuno dashboard with no additional contract or integration required.

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