EFCC arrests Gavice Logistics CEO for alleged N2 billion Ponzi scheme fraud
The Economic and Financial Crimes Commission (EFCC) has arrested Mr. Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, over allegations of defrauding hundreds of investors through a Ponzi-style logistics…
Airtel Africa Foundation Offers Tech Scholarships to Nigerian Students
In a bold step towards advancing access to education and youth empowerment in Nigeria and the rest of the continent, the Airtel Africa Foundation, through Airtel Nigeria, has announced that…
ATCIS Nigeria Kicks against 100% Hike in Passport Fee
ATCIS Nigeria Kicks against 100% Hike in Passport Fee
Agnes Ekebuike
Association of Telephone, Cable Tv, and Internet Subscribers of Nigeria (ATCIS Nigeria) has rejected the recent hike in international passport fees in the country, describing the hike as unwholesome.
The rejection is one of the push-backs against government’s decision to increase passport application fees to N100,000 for the 32-page passport and N200,000 for the 64-page passport effective September 1, 2025.
National President of ATCIS Nigeria, Sina Bilesanmi, in a statement, said the increment could not be justified at this trying times when Nigerian citizens are grappling with a myriad of policy-triggered economic hardships.
According to Bilesanmi, the decision is a sign of total alienation and disconnection of the Minister of Interior, Olubunmi Tunji-Ojo, and the Comptroller-General of the Nigeria Immigration Service, Kemi Nandap, with the realities of the common man.
“We are appalled by this development. These officers of the federal government failed woefully to consider the economic hardships faced by many Nigerians before approving the fee hike.
“It’s unclear why this harsh decision was taken. Could it be to raise more money for the government? Could it be an attempt to stop young Nigerians traumatised by the economy not to be able to leave?
“Whatever, it leaves a sour taste in our mouths. We therefore urge President Bola Tinubu to overrule this harsh decision in the interest of his administration,” Bilesanmi said.
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Agnes Ekebuike Association of Telephone, Cable Tv, and Internet Subscribers of Nigeria (ATCIS Nigeria) has rejected the recent hike in international passport fees in the country, describing the hike as
The post ATCIS Nigeria Kicks against 100% Hike in Passport Fee appeared first on THISDAYLIVE.
T2, Huawei Partner to Boost Core Network Infrastructure
T2, Nigeria’s telecoms operator has signed a landmark strategic partnership with Huawei, a global leader in Information and Communications Technology (ICT), to modernise its core network infrastructure. At a high-level…
Zinox Partners KongaCares on Interest-free Digital Initiative
Emma OKonji Zinox Technologies, in strategic partnership with KongaCares, is launching an ambitious interest-free ‘Computerize Nigeria’ initiative, a transformative corporate social responsibility programme designed to support the government’s vision to…
Minimum Wage: NECA Commends Imo, Ebonyi Govt, Urge Others to Do Same
Oluchi Chibuzor The Director-General, Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, has commended some state governors for increasing the minimum wage for their workers in the face of difficult economic…
New Initiatives to Reposition RMAFC
Raheem Akingbolu takes a historical look at the operations of the Revenue Mobilisation Allocation and Fiscal Commission, highlighting efforts by its current leadership to revolutionise and redefine revenue allocation and…
Us Mission in Nigeria Commends Akin Fadeyi Foundation
Us Mission in Nigeria Commends Akin Fadeyi Foundation
The United States Mission in Nigeria has commended the Akin Fadeyi Foundation-led anti corruption advocacy project called corruption not in my country.
This was contained in a tweet on the Mission’s X handle (formerly twitter).
The international agency gave a shout-out to the foundation’s ‘Corruption Not In My Country’ campaign for promoting transparency and accountability.
The convener of the project, Akin Fadeyi, in his response, expressed gratitude to the US Mission for its recognition.
He said: “All of us at the Akin Fadeyi Foundation (AFF) are encouraged by this recognition. We have an irrevocable commitment to consolidate on our little wins, even as we redouble efforts aimed at more robust citizen engagements that galvanise the collective competences of our people against the prevailing paradigms of decadence. We shall continue to do this through innovative and relatable approaches. Our rise to this little “fame” is not without the untiring support of the MacArthur Foundation, led by Dr. Kole Shettima and his deputy, Amina A Salihu.
“We are not less grateful to the Nigerian Media, like the TVC, the Punch, Premium Times, the Cable federal government agencies for their partnerships and a host of others through whose support we have thrived. We are certain that our mentor from the MacArthur Foundation, Chicago office, Erin Sines is proud to share in this US Mission’s recognition of the work we do and in which she has been heavily invested.”
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The United States Mission in Nigeria has commended the Akin Fadeyi Foundation-led anti corruption advocacy project called corruption not in my country. This was contained in a tweet on the Mission’s
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From Revenue Leaks to Revenue Peaks: Commercial Levers That Drive Bottom Line Improvements Toluwaleke Adenmosun
From Revenue Leaks to Revenue Peaks: Commercial Levers That Drive Bottom Line Improvements Toluwaleke Adenmosun
This article outlines how organisations can transition from revenue leakage—caused by internal inefficiencies and process gaps—to revenue optimisation through strategic commercial levers. It introduces five levers: Attraction, Capture, Optimisation, Retention, and Growth, and provides insights for embedding a revenue optimisation culture. The goal is to help businesses improve profitability, cash flow, and valuation by operationalising these strategies.
At the core of every enterprise, the pursuit of sustainable returns is a primary objective. Profitability comes from earned revenues exceeding the costs of generating them. Therefore, in the quest for growth, companies should pay attention to optimizing sources of revenues and plugging revenue leakages.
What is revenue leakage?
Revenue leakage is the loss of potential income caused by inefficiencies, process gaps, or control failures, resulting in revenue earned but not properly captured or collected. Common causes include pricing and billing errors, contract gaps, inefficient collections, and system breakdowns. Companies lose an estimated 1–5% of EBITA (Earnings Before Interest, Taxes and Amortization) annually to poor contract management and weak payment follow-up.
Though subtle, leakage quietly erodes margins and undermines profitability. Research shows that up to 42% of organisations experience revenue leakage despite investments in ERP systems (MGI Research). Its consequences include:
⦁ Reduced profit margins;
⦁ Cash flow constraints;
⦁ Lower company valuation;
⦁ Limited funds for growth initiatives; and
⦁ From leakage to optimisation.
High-performing businesses know that sustainable profitability is not just about cost control but also about unlocking untapped revenue. A revenue optimisation lens challenges organisations to go beyond sales growth and systematically activate commercial levers that block leakages and capture full value.
What is revenue optimisation?
Revenue optimisation is the strategic maximisation of revenue growth through pricing, demand management, and marketing, without undermining customer satisfaction.
Pricing Strategy: Setting optimal prices based on value, competition, and customer willingness to pay.
Demand Management: Using market intelligence to align resources and production with demand.
Marketing Strategy: Targeted campaigns and personalised engagement to drive sales.
Five commercial levers for revenue optimisation
Organisations can systematically activate five levers to unlock sustainable profitability:
⦁ Attraction – Drawing new customers through strong value propositions, branding, product portfolio, and effective communication.
⦁ Capture – Converting interest into revenue via sales enablement, incentives, and efficient sales channels.
⦁ Optimisation – Extracting maximum value through smart pricing, upselling, cross-selling, promotions, and product exit strategies.
⦁ Retention – Deepening relationships through loyalty programs, churn prevention, win-back actions, and advocacy.
⦁ Growth – Expanding revenue through new markets, partnerships, product lines, and both organic and inorganic strategies.
Together, these levers provide a cohesive framework to capture incremental revenue, enhance customer lifetime value, and sustain bottom line improvements.
Embedding a revenue optimisation culture
Culture is the fuel for revenue optimisation. By aligning team values with shared goals, organisations empower employees to drive growth strategies. A culture that prizes flexibility, innovation, and communication transforms revenue optimisation from a strategy into a way of life.
Leaders play a central role by modelling desired behaviours, integrating revenue goals into performance systems, and reinforcing a revenue-centric mindset across all levels. Open communication and structured change initiatives ensure that everyone understands how their work contributes to overarching revenue goals.
Conclusion
Mastering revenue optimisation is essential in a volatile economic landscape. It is not a one-time effort but a mindset built on understanding market dynamics, customer behaviour, and technological advancements. By activating commercial levers and refining strategies continuously, businesses can secure long-term profitability and resilience.
Verraki (a member of Andersen Consulting) partners with organisations to unlock revenue potential by operationalising execution across the five levers—Attraction, Capture, Optimisation, Retention, and Growth. Through tailored strategies, data-driven insights, and innovative technology, Verraki helps businesses streamline operations, improve pricing and conversion efficiency, enhance customer lifetime value, and expand revenue streams. This integrated approach drives both top-line growth and bottom-line sustainability.
The post From Revenue Leaks to Revenue Peaks: Commercial Levers That Drive Bottom Line Improvements Toluwaleke Adenmosun appeared first on THISDAYLIVE.
This article outlines how organisations can transition from revenue leakage—caused by internal inefficiencies and process gaps—to revenue optimisation through strategic commercial levers. It introduces five levers: Attraction, Capture, Optimisation, Retention,
The post From Revenue Leaks to Revenue Peaks: Commercial Levers That Drive Bottom Line Improvements Toluwaleke Adenmosun appeared first on THISDAYLIVE.
African Security: Nigeria Leads from the Front
African Security: Nigeria Leads from the Front
Edward Gabkwet
In a statement on 21 January 2025 at the end of its 9842nd meeting, the United Nation Security Council (UNSC), through the Deputy Secretary-General, Dr Amina J. Mohammed, reiterated what has since become the new security reality confronting the African continent: that terrorism is the most significant threat to peace, security and sustainable development across the African continent.
According to her, Africa has become the epicentre of global terrorism, with Sub-Saharan Africa accounting for 59 per cent of all terrorism-related deaths worldwide. She also revealed that in the last 3 years, terrorism-related deaths have soared past 6,000, making up more than half of all global fatalities.
In this surge of the deadly scourge, she further revealed, Burkina Faso led the world in terrorism deaths with a staggering 68 per cent increase with no solution in sight. Painting an even austere picture of the threat’s complexity, Dr Amina Mohammed further noted that Al-Qaida and Da’esh affiliate groups such as Al-Shabaab in Somalia, the Allied Democratic Forces in the Democratic Republic of the Congo and Ahlu Sunna Wal Jama in Mozambique, continue to unleash horrific violence.
These groups, according to her, are not only terrorizing communities but also inflicting unspeakable acts of sexual and gender-based violence, assaulting children and forcibly recruiting them into their ranks.
She then warned that the marginalization of youths, coupled with soaring unemployment, has left an entire generation vulnerable to being recruited byextremist groups. To confront the situation, she recommended evolving new strategies and innovative approaches to counter the scourge with, “regional cooperation as the linchpin of any effective counter-terrorism strategy”.
Similar worries were voiced by the African Union through its Commissioner for Political Affairs, Peace and Security, Bankole Adeoye. According to Adeoye, the gravity of the threats via the exponential growth of terrorism in Africa is overwhelming and startling, with over 3,400 terrorists’ attacks recorded on the continent in 2024 alone resulting in over 13,900 fatalities. He then advocated for African leaders to proffer, “African solutions to African problems that works for all.”
Nigeria’s past approach to regional and sub-regional security have propelled her to the centre stage of African affairs in general and in West African security matters in particular. Her commitment to regional integration in the areas of peace, defence and security has been crucial to the successes recorded so far in these areas.
The size of its large population, its market, enormous natural resources as well as its considerable military capabilities rightfully bestow on Nigeria the role of a regional hegemony. Over the past decade or so, the security challenges posed by terrorists and insurgents operating in the Northern region have tested the resolve of Nigeria’s Armed Forces.
However, through sheer determination and collaboration with militaries of contiguous nations, these threats have been largely contained, albeit with pockets of attacks on soft targets. Precision air strikes by the Nigerian Air Force in the early hours of 23 August 2025, on terrorists’ hideouts at Kumshe near the Nigeria-Cameroun Border in Borno State, Northeast Nigeria, as well as the recent arrest of 2 key leaders of the Ansaru terrorist group, Abu Baraa, the group’s Amir (leader), and Mahmuda, the deputy Amir, are strong pointers to the gains of close synergy and collaboration between the various security agencies as well as with neighbouring countries to jointly eliminate the common threats of terrorism.
Therefore, Nigeria’s experience in counterterrorism operations as well as the renewed vigour emplaced to checkmate the nefarious activities of terrorists aptly qualifies her to lead the call for a united African front in the fight against terrorism on the continent.
The gathering of the Chiefs of Defence Staff (CDS) from the 54 African countries at the Maiden African Chiefs of Defence Staff Summit in Abuja to fashion out Africa-led solutions to the continent’s myriads of security challenges is therefore apt and could not have come at a more auspicious time. Without doubt, it tallies with the growing consensus that Africa is stronger when it comes together, act with a shared purpose and partner with each other in the right way, to solve shared and common challenges.
It also aligns with the notion that fragmentation of counter-terrorism efforts only serves the perpetrators who thrive by sowing divisions, hence the need for a united and urgent response focused on fostering unity of purpose, dialogue, trust and coordinated action. This is beside the well-known fact that the dynamic and transnational nature of terrorism reinforces one truth: a threat to security anywhere is a threat to security everywhere.
Accordingly, the Summit presents an avenue for the CDS’ to engage in dialogue on shared defence and security mechanisms to enhance defence capabilities amongst their various nations. With the theme, “Combating Contemporary Threats to Regional Peace and Security in Africa: The Role of Strategic Defence Collaborations,” the Summit would cover 4 thematic areas, including: Initiating Discussions on Collective Strategies for African Security Issues; Facilitating Collaborative Response to Peace and Security Issues in Africa; Developing Mechanisms for Integrating the Private Sector into Africa’s Defence Efforts; and Establishing a Roundtable for the Initiation of Homegrown Solutions to Africa’s Defence Needs. It is equally good that the Summit will highlight Africa’s R&D and defence capabilities through an exhibition to hold on the sideline of the Summit.
At this point, Nigeria’s CDS, General Christopher Gwabin Musa and his team must be commended for initiating the Summit and seeing to its realization. The Summit, currently underway in Abuja, further cements Nigeria’s enviable position in championing Africa’s unity and leading from the front.
But beyond the optics, much more would be expected out of this Summit in terms of tangible strategies and solutions to change the tides against terrorists operating on the continent. Finally, this positive momentum must be encouraged and sustained because the cost and damages that terrorism and insurgency inflict to African nations and societies are monumental and debilitating.
*Gabkwet, a serving Airman and former NAF spokesperson, writes from Abuja.
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Edward Gabkwet In a statement on 21 January 2025 at the end of its 9842nd meeting, the United Nation Security Council (UNSC), through the Deputy Secretary-General, Dr Amina J. Mohammed,
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