NIPOST reveals why it wants enter into financial services sector

• The Nigerian Postal Service (NIPOST) is rebranding into a fiscal services powerhouse, with IMTO and Super Agent licenses
• The work disclosed via the Postmaster General and CEO that it volition commencement operating its IMTO business, which unopen down 8 years ago
• NIPOST’s CEO, Tola Odeyemi, stated that the work generated N10 cardinal successful 2024 and hopes to surpass the grounds this year

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The Nigeria Postal Service (NIPOST) has disclosed that it is acceptable to present fiscal services nationwide and beyond with its International Money Transfer Operator (IMTO) and Super Agent Licenses.

NIPOST hopes connected these 2 services and its e-commerce determination to enactment up its revenue, which exceeded N10 cardinal successful 2024.

NIPOST announces plans to statesman IMTO operations successful Nigeria. Credit: NurPhoto/Contributor/NIPOST
Source: UGC

NIPOST to revive its IMTO and Super Agent licenses

According to the postmaster wide and main enforcement of NIPOST, Tola Odeyemi, the work has renewed its licence with the Central Bank of Nigeria and paid immoderate fines to statesman the transportation of fiscal services aft 8 years since the concern unopen down.

Odeyemi disclosed this during a Channelstv interview, stating that NIPOST has 2 licenses, a Super Agent licence and an IMTO license, which unopen down 8 years ago.

She disclosed that NIPOST has inked bilateral deals with antithetic countries to facilitate payments and remittances.

She revealed that NIPOST targets immoderate African countries due to the fact that of the colonisation of Nigerians who look cross-border outgo challenges.

The NIPOST brag revealed that sending wealth from Cameroon to Nigeria is much challenging than sending wealth from the US to Nigeria, stating that these are the reasons for the bilateral deals.

NIPOST generates N10 cardinal successful revenue

She besides stated the work netted a N10 cardinal gross successful 2024 and hopes to surpass the grounds this year, saying that NIPOST can make much gross for Nigeria due to the fact that its operations person been optimised to guarantee robust work delivery.

Odeyemi reiterated respective innovations and strategies, including deeper integration with Nigeria’s e-commerce landscape, expanding integer services specified arsenic its PostMoni, leveraging the National Addressing System to boost fiscal inclusion and heighten security.

She asked the Nigerian Police to leverage the work addressing guidelines to combat transgression and amended exigency responses.

NIPOST to halt accepting currency payments

Legit.ng earlier reported that NIPOST announced that each station bureau counters nationwide volition stop accepting cash payments from July 1, 2025. 

The latest improvement is portion of a wide-ranging betterment docket to modernise its operations and align with Nigeria’s integer economy. 

In a connection connected Monday, May 6, 2025, NIPOST's manager of firm communications, Franklin Alao, said the reforms are being rolled retired nether the taxable 'Change of Renewed Hope Berths astatine NIPOST Shores.' 

NIPOST moves to amended gross procreation aft netting N10 billion. Credit: NIPOST
Source: Facebook

The inaugural is portion of the agency’s effort to enactment President Bola Tinubu’s Renewed Hope Agenda and reposition itself arsenic a technology-driven, customer-centric work provider. 

It assured Nigerians of a revitalised postal work that delivers superior work and embraces integer change.

NIPOST sets deadline to ace down connected unregistered courier firms

Legit.ng earlier reported that NIPOST has set a deadline of February 2024 for unregistered courier and logistics enterprises successful the state to implicit registration and adhere to the organisation's regulations.

The postal work emphasised that nonaccomplishment to comply with the regularisation volition effect successful enforcement measures.

This improvement comes successful the aftermath of NIPOST's anterior declaration to initiate the implementation of postcodes and the Address Verification System (AVS) to tackle the contented of fraudulent addresses and heighten information measures.

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Source: Legit.ng