Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Postal Service (NIPOST)

Fight for Stamp Duty collection gets messier between two ministers

The official fight for the soul of the apparently irrelevant Nigerian Postal Service (NIPOST) over who controls collection of Stamp Duty for the Federal Government took a different dimension weekend as the Minister of Communications and Digital Economy, Dr Isa…

NIPOST stamp
ICT

Labour worried on why Panatmi remained mute on NIPOST’s uselessness

Whereas there had been serious argument that the Minister of Communications and Digital Economy, Dr Isa Pantami, may have engulfed the day to day running of Nigerian Communications Commission (NCC) and National Information Technology Development Agency (NITDA), experts and mainly…

NIPOST begins renewal of 2,000 Post offices nationwide to drive National MFB

The Postmaster General of the country and Managing Director of Nigerian Postal Service (NIPOST), Adebisi Adegbuyi, has disclosed that his agency has jump-started preparations ahead of takeoff of the proposed NIRSAL Microfinance Bank (NMFB). The Central Bank of Nigeria (CBN)…

‘Banks’ continuing deductions for Stamp Duty due to no directive to stop yet’

Contrary to the explicit pronouncement of a competent court of jurisdiction stopping the deductions of Stamp Duty in favour of the Federal Government, Nigerian banks’ are yet to comply, Business Hilights Intelligence Unit (BHIU) can authoritatively report. Some of the…

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ICT

Finally, 1st birth of NIPOST unbundling, National Microfinance Bank emerges

At a time many Nigerians are getting tired of Minister of Communications endless plans to unbundle now moribund Nigerian Postal Service (NIPOST) into five enterprises, reality is underway as the Central Bank of Nigeria (CBN), weekend confirmed that takeoff of…

ICT

FG to inaugurate e-Government services firm to boost OGP

All is set for the Federal Government to establish an e-government services company that will grow the current administration’s quest to engender Open Government Partnership in Nigeria (OGP). Minister of Communications, Dr. Adebayo Shittu stated this during a meeting of…

Smart CS Abuja
ICT

FG to unbundle NIPOST to 5 firms from ongoing commercialisation scheme—Shittu

The Minister of Communications, Barr Adebayo Shittu has once again, restated the resolve of returning the hitherto moribund Nigerian Postal Service (NIPOST) to relevance with ongoing modernisation and commercialization programme. He said the diversification drive for NIPOST is borne out…

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ICT

Minister’s indecision frustrating relevance of NIPOST—Records

Looking for the most traumatized and almost irrelevant agency of the federal government, it is the Nigerian Postal Service (NIPOST). Why, since the naming of Barr Adebayo Shittu, the Minister of Communications, findings by Business Hilights show that he has…

Shittu 88
ICT

NIGCOMSAT, NIPOST fight for relevance with rural broadband service rollout

Two hitherto moribund agencies of the federal government under the ministry of Communications, NigComSat Limited and Nigerian Postal Service (NIPOST) have formed a partnership that will up their relevance in Nigeria. To this end, both agencies have concluded plans for…

NIPOST dumps planned banking services for postal, money orders

…revokes licenses of 14 Courier firms, seals 2 Indications have emerged that the planned transformation of the Nigerian Postal Service (NIPOST) to a digital banking services provider may have been finally jettisoned by the federal government. The agency which is…