In One Year NIPOST Generates N20.62 Billion From Core Operations     The Nigerian Postal Service generated a total of N7.04bn from its core operations in 2017, the data made available have shown. With another N13.58bn generated from electronic stamp sales, the postal organisation actually made a total...

The Nigerian Postal Service (NIPOST) is being reformed to strengthen and reposition it in order to undertake e-commerce and e-government services, as a strategic response to technological challenges that have affected mail services globally, the Minister of Communications, Alhaji Adebayo Shittu has said. Shittu, who...

The recently approved 2017 national budget finally gets the nod of the Presidency by way of asset, then the ministry of communications and its two affiliate agencies, the Nigerian Communications Satellite Limited, NigComSat and the Nigerian Postal Services, NIPOST, respectively, they would actually be...

The Nigerian Postal Service (NIPOST) generated N8.83 billion as revenue in 2016, the National Bureau of Statistics (NBS) has announced. In a report titled: ”Annual Postal Services Data 2016”, obtained by the News Agency of Nigeria (NAN) on Saturday in Lagos, the bureau said N4...

Nigerians may soon begin to pay higher for stamp duty going by a proposal before the National Assembly for an increase in the cost of postage stamps across the country. The 2004 Stamp Duties Act, which became effective in January 2016, tied the rate of...

Banks are no longer restricting the deduction of stamp duty on deposits made into current accounts, but now apply it to deposits made into savings accounts, investigation has shown. The Central Bank of Nigeria had through a circular issued on January 15, 2016 directed the...