• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Breaking News

NIPOST reports N3 billion revenue in 2022 plunge by 17% in one year

William Ukpe by William Ukpe
September 11, 2023
in Breaking News, Company News, Hospitality & Travel, Sectors, Transportation
NIPOST
Share on FacebookShare on TwitterShare on Linkedin

The latest data from the National Bureau of Statistics reveal Nigerian Postal Service (NIPOST) reported revenues of N3 billion in 2022.

This represents a 17% decline from the N3.6 billion reported in 2021 the data revealed. Nipost decline has been on a decline since 2019 when it reported a 5-year high of N5.37 billion.

Since then, its revenues have been on the decline now dropping by a whopping 44% in 5 years.

RelatedStories

NIPOST denies drug trafficking report, says it never linked courier abuse to Tinubu’s administration 

NIPOST denies drug trafficking report, says it never linked courier abuse to Tinubu’s administration 

July 7, 2025
NIPOST partners with KLM Royal Dutch Airlines to improve international mail delivery services 

NIPOST partners with KLM Royal Dutch Airlines to improve international mail delivery services 

May 12, 2025

A cursory review of the data reveals its EMS/Speedpost business was its major income generator contributing N838.8 million to revenues. However, this is a massive decline from the N1.2 billion reported a year earlier and N1.9 billion 5 years earlier.

However, Nipost reported that it generated N209.7 billion from Courier Companies licence fees a whopping 800% increase from N25.2 million a year earlier.

The division produced just N12 million 5 years ago buttressing a surge in courier services provided by private businesses. NIPOST charges them a fee as the regulator cum competitor.

Another major revenue earner for NIPOST was its Business Venture Service which grew 38x from N8.2 million to N323.5 million.

Other key highlights

  • The total number of Post Offices and Postal Agencies decreased by 19.43% from 2,794 in 2021 to 2,251 in 2022.
  • The total number of boxes installed in 2022 was 836,731, showing a decrease of 0.08% from 837,428 in 2021.
  • The total number of PMBs available in 2022 stood at 20,775, showing a fall of 8.44% from 22,689 in 2021.
  • The total number of postal articles handled in 2022 increased by 102.05% from 17.7 million in 2021 to 35.7 million in 2022.
  • Lagos state had the highest number of boxes installed in 2022 with 143,416, while Jigawa recorded the least with 1,800.

Nipost also reported that it handled a total of 35,676,118 domestic and international mains out of which 19,463,153 were mails received from abroad and delivered to Nigeria.

Nipost Reforms

Former communications minister under the Buhari Government, Dr Isa Patami stated the government had policies to transform NIPOST which includes unbundling it.

  • According to him, the unbundling will create three new companies: NIPOST Transport and Logistics, NIPOST Properties and Development, and NIPOST Microfinance Bank.
  • He said the aim was to make NIPOST more efficient, profitable, and competitive in the digital age.
  • He also said the government was working on a new postal reform bill that would address some of the challenges facing NIPOST such as outdated laws, overlapping functions and lack of autonomy.

 


Follow us for Breaking News and Market Intelligence.
Tags: Nipost
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

NIPOST denies drug trafficking report, says it never linked courier abuse to Tinubu’s administration 
Business News

NIPOST denies drug trafficking report, says it never linked courier abuse to Tinubu’s administration 

July 7, 2025
NIPOST partners with KLM Royal Dutch Airlines to improve international mail delivery services 
Business

NIPOST partners with KLM Royal Dutch Airlines to improve international mail delivery services 

May 12, 2025
Tola Odeyemi
Sectors

NIPOST to start digital licensing of logistics companies from Q2 2025 

February 5, 2025
NIPOST seeks partnership with Lagos government to boost e-commerce in Nigeria 
Sectors

NIPOST seeks partnership with Lagos government to boost e-commerce in Nigeria 

January 9, 2025
FG to revive National Addressing Council to drive economic growth, financial inclusion 
Economy

FG to revive National Addressing Council to drive economic growth, financial inclusion 

December 6, 2024
CBN, forex
Legal & Regulations

EXCLUSIVE: CBN challenges ‘N579 billion Stamp Duty’ judgment for Kasmal International, lists 17 reasons  

October 26, 2024
Next Post
Meet the new acting Inspector General of Police, Kayode Egbetokun, who was Tinubu’s CSO

Inspector General of Police sets up firearms licensing, regulations committee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Landmark Africa begins renovation of Nike Lake Resort after N10 billion joint venture with Enugu Govt 
  • Buhari’s education legacy: Eight years of big reforms, mixed outcomes 
  • SEC warns Nigerians against ‘fraudulent ponzi scheme’ F&B 

Follow us on social media:

Recent News

Landmark Africa begins renovation of Nike Lake Resort after N10 billion joint venture with Enugu Govt 

Landmark Africa begins renovation of Nike Lake Resort after N10 billion joint venture with Enugu Govt 

July 16, 2025
RIP Muhammadu Buhari: Nigeria never had it this bad 

Buhari’s education legacy: Eight years of big reforms, mixed outcomes 

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics