FG targets 56 per cent revenue in 2020 from non-oil sources
To demonstrate its determination to diversify the economy, and attendant revenue streams, the Federal Government hopes to generate about 56 per cent of its 2020 projected revenue
Government gets N45.8 billion from Stamp Duties
The Federal Government has raked in over N45.8 billion from stamp duties, following the reforms introduced by the present administration. Post Master General of the Federation and Chief Executive Officer of Nigerian Postal Service..
FG stops cash payments in NIPOST offices
The Federal Government has ordered immediate termination of all cash payments in all Nigeria Postal Services (NIPOST).
CBN to pick architects, others for NIPOST buildings remodeling project
Ahead of kick-starting the proposed National Microfinance Bank, the Central Bank of Nigeria (CBN), plans to engage architects for the remodeling of the Nigeria Postal Services (NIPOST) buildings needed for the project.
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...
NIPOST offers leeway to deepening financial inclusion in Nigeria
To deepen financial inclusion in the country, the Nigerian Postal Service (NIPOST) has said that investments in technology, affordability of services, and adequate policies would be crucial to the realisation of the objectives.
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…