Connect with us

General News

Postal Bill: Nigeria Loses N3Bn Stamp Duty Revenue

Published

on

NIPOST.jpg
Kindly share this post

Dr. Asuquo Abianga, a courier expert, has said that the nation’s postal industry can generate about N3 billion in revenue annually through stamp duty and called on the 8th National Assembly and President Muhammadu Buhari administration to quickly pass the much awaited postal bill.

The National Postal Reforms Bill is expected to accelerate the creation of Postal and Courier Regulatory Commission (PCRC) and breathe life into courier operations in the country.

Abianga, who is also the area postal manager, Lagos Mainland Territory (LMT) of the Nigeria Postal Service (NIPOST), Ikeja, Lagos, said that with a projection of N3.5trillion annual return, the postal/logistics sector can be ranked among top three contributors to the nation’s gross domestic product (GDP).

“Should we get an independent regulator and NIPOST fully commercialized, at that point NIPOST can be counted as among top three Nigeria’s economy pillars because of the potentials.

“The postal industry is worth more than the oil sector in terms of revenue generation. If you single out the Stamp Duty, that alone can fetch NIPOST over N3billion as it was conservatively assessed at the last stakeholders’ meeting. What we need are the enabling law and the tools; as such, NIPOST operations and activities can generate above N3.5trillion annually. Can we calculate the number of people who are currently purchasing goods at the market? In Lagos, we have over 400 markets. Imagine when you fix a stamp duty of N50 on item worth N1, 000 and above. So, how many N1, 000 transactions are taking place from the North to the South, East and West?,” Abianga added.

Nodding in agreement, Association of Nigeria Courier Operators (ANCO) urged President Buhari to complete the reform he started in the Department of Post and Telecommunication (P&T) 30 years ago by working assiduously for the creation of PCRC.

Mr. Siyanbola Oladapo, the Association’s president said the industry has been agonising due to lack of an independent regulator to superintend activities of stakeholders in the industry.

He lamented the lukewarm attitude of those in government since Buhari left office as a military head of state, causing the dwindling plight of the sector explaining that a Postal Commission Bill was sent to the 6th and 7th National Assembly for debate and passage through the Bureau for Public Enterprises (BPE), but has variously suffered reckless abandonment.

ANCO said that the imperative for the passage of the Bill falls in line with the Universal Postal Union (UPU’s) recent drives on global reform of the postal sector.

Oladapo said that UPU, of which Nigeria is a signatory, has urged member countries to adhere strictly to this directive.

He noted that ANCO as a body of courier operators in Nigeria has been demanding for the creation of a Post and Courier Service Commission since the second Courier Summit in 2004.

Oladapo wondered why it was taking such a long time to establish a regulatory body for the sector in Nigeria, when smaller countries like Ghana, Ivory Coast and Tanzania have independent regulators in their countries.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

General News

Identy.io Targets Nigeria, Kenya in Its Africa Expansion Strategy

Published

on

Kindly share this post

Nigeria and Kenya are the next target markets for Identy.io, a global provider of digital identities, as it expands into Africa. Facial, fingerprint, and palm identification are among the safe, mobile biometrics that the company specialises in.

According to Indenty.io, its platform runs locally on smartphones, eliminating cloud storage while maintaining security and privacy.

It goes to say this is achieved by leveraging standard smartphones for fingerprint and face scans, the company aims to bridge the continent’s digital divide, where a significant number of adults still lack basic identification.

To spearhead this rollout, the firm has appointed a specialised regional leadership team, including industry veterans from Nigeria’s Bank Verification Number programme, to integrate their automated Biometric Identification System into national digital public infrastructure.

The company says the significance of this move lies in the departure from traditional, “clunky” biometric models.

Historically, digital ID enrollment in Sub-Saharan Africa has been throttled by the high cost of specialised scanners and the logistical nightmare of deploying them to rural areas.

Identy.io notes that its approach shifts the heavy lifting to mobile software.

Identy.io is positioning itself to capture a market the World Bank’s Identification for Development initiative identifies as critical for financial inclusion.

If successful, this could accelerate government-to-person payments and healthcare access in regions where coverage currently sits below 70%.

“We are transforming the traditional industry model, which often relies on expensive and inflexible digital infrastructure,” says Antony Vendhan, Co-founder of Identy.io. “This allows our clients to reach underserved communities by providing individuals with multimodal access to secure their digital identities.”

The company will face established players like IDEMIA and Thales, who have long dominated government contracts.

Furthermore, Identy.io will face competition from up-and-coming regional fintech identity firms such as Smile ID, which already has a significant presence in Know Your Customer services throughout Africa.

To gain an edge, Identy.io has aligned itself with Modular Open Source Identity Platform (MOSIP).

By being listed on the MOSIP marketplace, the company says its tech becomes “plug-and-play” for governments building open-source national ID systems, a growing trend among nations wary of “vendor lock-in.”

While the primary focus remains on Nigeria and Kenya, Identy.io’s long-term roadmap includes a phased rollout to other emerging markets.

 


Kindly share this post
Continue Reading

General News

Russia Blocks WhatsApp, Pushes State App Max as Alternative Amid Telegram Clampdown

Published

on

Kindly share this post

Russia has confirmed the blocking of popular messaging platform WhatsApp, directing its citizens to switch to the state-backed Max messenger, in a move escalating restrictions on foreign digital services.

Russia Blocks WhatsApp, Pushes State App Max as Alternative Amid Telegram Clampdown

Russia

The decision, announced by Kremlin spokesperson Dmitry Peskov on Thursday, stems from WhatsApp’s parent company Meta’s alleged failure to comply with Russian laws, though specifics were not disclosed. This action follows days after authorities intensified curbs on Telegram, another widely used app among millions, including military personnel, officials and state media.

Peskov described Max as “an affordable alternative on the market for citizens, a developing national messenger,” emphasising its role in replacing non-compliant foreign platforms. WhatsApp, owned by Meta—which also operates the already banned Facebook and Instagram—responded sharply, accusing Moscow of attempting a full block to force users onto a “state-owned surveillance app.” The company stated: “Trying to isolate over 100 million users from private and secure communication is a backwards step and can only lead to less safety for people in Russia,” vowing continued efforts to reconnect users.

The block is not isolated. Earlier this week, Roskomnadzor, Russia’s communications regulator, announced further restrictions on Telegram for refusing to remove “criminal and terrorist” content, throttling its performance nationwide. Telegram founder Pavel Durov countered that such pressures would not deter the platform’s commitment to “freedom of speech and privacy.” This builds on prior measures, including August 2025 restrictions on video and voice calls on both WhatsApp and Telegram to combat criminal activity, which WhatsApp then decried as access limits.

Max, developed by VK and launched in beta in March 2025, positions itself as a WeChat-like super-app with messaging, voice/video calls, group chats up to 1,000 users, cloud storage, end-to-end encryption for private chats, payments via Russia’s Faster Payment System, and integrations for government services and identity verification. Since September 2025, it has been pre-installed on all new smartphones, tablets and smart TVs sold in Russia, alongside the RuStore app store, as part of a broader “sovereign internet” strategy to monitor communications and replace Western tech amid geopolitical tensions.

Users report partial WhatsApp access via VPNs, but Russian authorities have ramped up countermeasures, restricting 439 VPN providers and enacting a September 2025 law banning ads for bypass tools while deeming VPN use an “aggravating circumstance” in crimes. Fines for individuals deliberately accessing blocked content via VPNs reach 5,000 rubles (about $64). Critics warn these steps enhance state surveillance, while state media insists Max requires fewer user data permissions than rivals.

The clampdown reflects Moscow’s long-running push for digital control, with over 60 percent of VPN users previously accessing banned social media. As Russia promotes domestic alternatives, the moves could reshape communication for its 100 million-plus messaging users, raising global concerns over privacy and internet freedom.


Kindly share this post
Continue Reading

General News

Nigeria Market Powers Jumia’s Momentum as E-commerce Platform Demand Accelerates

Published

on

Kindly share this post

Nigeria powered Jumia Technologies AG’s strongest growth in 2025, cementing its position as the company’s most important market as rising consumer demand, SME activity and logistics expansion boosted performance across the e-commerce platform.

In the fourth quarter of 2025, Jumia’s Nigeria operations recorded a 50% year-on-year increase in Gross Merchandise Value (GMV) and a 33% rise in orders. The performance highlighted growing adoption of online shopping and Jumia’s increasing relevance to African consumers.

Nigeria’s momentum helped drive 36% year-on-year GMV growth and 34% revenue growth across the group in the quarter, alongside a 26% increase in quarterly active customers. Growth was supported by stronger customer retention and higher order frequency.

Beyond sales growth, Jumia said its Nigeria operations are delivering wider economic impact. The platform supports thousands of local SMEs, enabling them to reach customers nationwide, while continued investment in fulfilment centres and last-mile delivery is creating income opportunities for logistics partners and sales agents.

Efficiency gains were also evident. Fulfilment costs per order declined 12% year-on-year, contributing to a 39% reduction in operating losses and a 47% drop in adjusted EBITDA losses in the fourth quarter. Cash used in operating activities fell sharply to $1.7 million, compared with $26.5 million a year earlier, while liquidity stood at $77.8 million at year-end.

Temidayo Ojo, Chief Executive Officer of Jumia Nigeria, said the results reflect growing trust from consumers and businesses. “Nigeria is central to Jumia’s growth,” Ojo said. “Each order supports local sellers, delivery partners and jobs, while improving access to affordable products for consumers.”

For the full year, Jumia reported 14% GMV growth and 13% revenue growth, with losses narrowing significantly. Looking ahead, the company expects Nigeria to remain a key growth driver as it targets 27–32% GMV growth in 2026 and aims to reach adjusted EBITDA breakeven by the fourth quarter of 2026.

 


Kindly share this post
Continue Reading

Trending