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NIPOST Rues Shrinking Mail Volume, Misses Revenue Target

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Ibrahim Mori Baba,PMG, NIPOST
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Nigeria Postal Service (NIPOST) has decried the shrinking volume of mails on daily basis adding that the case is being worsened by companies now preferring compact discs (CDs) to printed annual report, which form bulk of NIPOST’s business platform.

Mike Umo, general manager, BulkPost Venture, an arm of NIPOST told Nigeria CommunicationsWeek in Lagos that owing to present business trends the Venture has found itself, it has become extremely difficult to attain its over N700million annual revenue target.

“Although we still have few weeks to the end of 2013, but we have not achieved our revenue targets. The year, I wouldn’t say is generally bad for us, on the average it is still acceptable. The issue is that mail volume is shrinking by the day; especially when companies in the way to cut cost, they have resulted to converting Annual Reports (ARs) to compact discs (CDs). Now, reports that use to fetch us, by weight, N150:00 or N200:00 per copy have been reduced to CDs. And CDs no matter how padded it may be, it cannot by, the virtues of weight and monetary, be more than N60:00.

“Here in BulkPost Venture, we have a ratio of 60:40 that we give to courier operators. So, with 60% of N60:00 it is difficult for us to meet our targets (revenue wise). Along the line, especially when we had the heat so much, management had to look at the issues; at the same time, customers too were complaining about CDs,” the GM said.

Umo also explained that to convey a CD from one end to another, most times, leave the plates in bad condition. He said that some of the customers have complained of cracking of the CD. “So management rose to the occasion to repackage them in manner that they will arrive to the destinations in good shape. That made the management to come up with a flat rate for CDs, currently pegged at N150:00,” he said.

The management’s decision, he noted, actually cushioned the effect on the Venture’s revenue, otherwise the process really had its nosedived.

“For instance, in the BulkPost we have over N700million target. So far, we have not been able to meet the target, unless something happens before the end of the year. Be that as it may, we still thank God, because if not the management’s position the revenue would have been so down. Meanwhile, the customers are patronizing us because we have entrenched trust in the system.

“Although some of them tend to reduce the quantity of CDs they would have produced. For instance a Company with 500 shareholders may decide to 300. Invariably, the N150:00 has not made us to be on advantage hence the reduction in the number of CD copies produced still affect the revenue drive,” the BulkPost boss said.

On strategies to tackle challenges in the coming year, he said that the Venture will not relent in exploring new grounds and harnessing prospect customers. “We are considering going into direct marketing mails. And we believe that if we explore that area very well it will help us overcome most of our challenges,” he said.

He added that the Venture is organizing a Forum in Lagos on December 12 at Sheraton Hotel, where stakeholders will look at critical issues in the sector.  


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Nigeria Police suspends tinted glass permit enforcement over court injunction

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Nigeria Police Force has suspended nationwide enforcement of its tinted glass permit policy, hours before its scheduled rollout, in compliance with a Delta State High Court order.

Nigeria Police suspends tinted glass permit enforcement over court injunction

Tinted glass permit

The policy, set for January 2, 2026, aimed to curb vehicle-related crimes but faced legal challenge from a private citizen against the Inspector-General of Police, the force, and Delta Police Commissioner.

An ex parte injunction issued in December 2025 restrained enforcement pending suit determination, prompting the hold announced by spokesperson Benjamin Hundeyin on January 1.

Police entered appearance, filed preliminary objections, and sought injunction vacation; hearing adjourned to January 20, 2026.

The Nigerian Bar Association condemned initial police plans as “executive recklessness,” accusing disregard for rule of law, while police insisted no permanent bar existed on statutory duties.

IGP Kayode Egbetokun reiterated adherence to law while prioritising public safety via intelligence-led strategies during proceedings.


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NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

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Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.

According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.

The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.

Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.

He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.

Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.

In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.

Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.


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T2 Backs Youth Excellence as NCBC Wins Bosun Tijani Foundation Basketball Tournament

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T2 has reaffirmed its commitment to youth development and excellence through sport as the NCBC basketball team, adopted by the brand, emerged champions of the Bosun Tijani Foundation Youth Basketball Tournament held at the Alake Sports Complex, Ijeja, Abeokuta.

The tournament, organised by the Bosun Tijani Foundation in collaboration with the Ogun State Government and supported by several partners including T2, brought together 12 competitive teams from across Nigeria, positioning basketball as a powerful platform for youth engagement, discipline, and opportunity.

NCBC’s championship run reflected the values T2 seeks to champion, work ethic, intelligence, teamwork, and resilience. The team recorded commanding victories over Team Vision, Warlords, and Elevate before defeating the Ilupjeu Raiders 66–52 in a gripping final.

Commenting on the adoption of the team, Seni Ogunkola, Vice President, Brands and Communication, T2 stated “NCBC embodies the qualities we believe in, exceptional work rate, intelligence on the ball, discipline, and a hunger to excel. By supporting them, T2 is investing in potential, purpose, and the next generation of leaders on and off the court.”

The climax of the event saw His Royal Highness, Oba Adedotun Gbadebo, the Alake of Egbaland, alongside Nigeria’s Minister of Communications and Digital Economy, Bosun Tijani, present the trophy to the victorious team, drawing rapturous applause from spectators. The event was also attended by the Chief of Staff to Ogun State Governor Dapo Abiodun, Mr. Lere Olayinka, and the Ogun State Commissioner for Sports, Honourable Wasiu Isiaka, underscoring strong institutional support for youth-focused initiatives.

Through its participation in the tournament, T2 continues to position itself as a brand that goes beyond sponsorship, championing platforms that unlock talent, inspire ambition, and create lasting social impact for Nigerian youth.


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