Federal Government stops cash payments at NIPOST
The Minister of Communications and Digital Economy, Dr. Isa Pantami, has suspended all cash payment plans within the establishments of Nigerian Postal Service (NIPOST) nationwide.
FG stops cash payments in NIPOST offices
The Federal Government has ordered immediate termination of all cash payments in all Nigeria Postal Services (NIPOST).
NIPOST issues 200,000 stamps to celebrate India’s Mahatma Gandhi
The Nigerian Postal Service (NIPOST) is issuing out 200,000 commemorative stamps to mark the 150th birthday of India’s peacemaker and nationalist, Mahatma Gandhi.
NIPOST clamps down on illegal operators of courier services in Nigeria
The Nigerian Postal Service (NIPOST) has clamped down on Efex Express Limited, Westhood Courier Service and Easy Errand Courier service for illegal operations. The General Manager, Courier Regulatory Department, Dr. Andrew Ebiloma, during the clamp down on the operators in Lagos...
Fidelity Bank, NIPOST launch 266 agency banking centres
The Nigerian Postal Service (NIPOST), in collaboration with Fidelity Bank Plc, has launched 266 agency banking centres in efforts to extend...
Stop illegal stamp duty deductions now, private sector tells banks
The Organised Private Sector (OPS), has called on the Federal Government to order the Central Bank of Nigeria (CBN), and the Nigerian Postal Service (NIPOST), and stop “the systematic defrauding” of millions of Nigerians through illegal deduction of stamp duty from their accounts. They also urged the government to urgently impress on respective parties of…
RMAFC to recover N100b stamp duty from banks
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is to probe banks over stamp duty to the tune of N100 billion. A statement yesterday by the commission’s spokesperson, Ibrahim Mohammed, in Abuja, did not specify when the probe would commence. He, however, said the inquiry would involve a forensic investigation of the funds that had…
The many roadblocks to postal service
Postal service including the courier has been hailed as capable of delivering return on investment if well-structured and managed. However, there are divergent views on the issue of deregulating the sector to make it a money spinner. Some opinion leaders in the industry argue that telecommunications and postal service are sensitive to the security and…
Group lauds CBN, banks’ N5billion MFB initiative
The Centre for Social Justice (CSJ), has said the establishment of the Central Bank of Nigeria (CBN), backed Micro Finance Bank (MFB), is a welcome development that embodies obvious positive goals.
CBN, banks, NIPOST establish Nirsal Microfinance to drive financial inclusion
To fast track the financial inclusive project, and boost economic diversification, the Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee, and NIPOST, have jointly established a N5-billion NIRSAL Microfinance Bank....