General
Partial Commercialisation of NIPOST Already in Progress – FG
By Adedapo Adesanya
The federal government has disclosed that plans were on the way for the partial commercialisation of the Nigerian Postal Service (NIPOST) in 2020.
Post Master General/Chief Executive Officer of NIPOST, Mr Bisi Adegbuyi, announced at an interactive session with newsmen at the nation’s capital, Abuja on Tuesday.
He noted that already, the National Council on Privitisation has commenced work on the partial commercialisation of NIPOST, adding that the Bureau of Public Enterprises (BPE) has also appointed a world class advisor to realise the objective.
He also added that as part of plans to ensure total turnaround of the post offices across the country, there would be automation of all NIPOST services as well as digitization of the organization, assuring members of staff that they would not be relieved of their job; rather new jobs would be created upon completion of the exercise.
According to him, “I am setting an agenda for the new NIPOST which is beyond mail delivery. It would render services that would touch the lives of all Nigerians.
“There will be bonding. Government will realise that it has a parastatal it can use to reach the people, especially our people who live in the rural areas for communication and delivery of social economic development.”
He also used the opportunity to clarify that there was no animosity between NIPOST and the Federal Inland Revenue Service (FIRS) in the collection of stamp duty.
The NIPOST boss said that the collection of stamp duty as established in the Stamp Duty Act was the duty of the country’s postal agency, stating that the stamp duty is supposed to be one of the major revenue earners for the government for infrastructural development.
Mr Adegbuyi said the Office of the Accountant General of the Federation (AGF) had also issued a circular to NIPOST on the collection of both physical and electronic stamp duty of N50 hence, no reason for conflict between agencies.
The Post Master General of NIPOST further disclosed that a committee has been constituted to audit banks that collect stamp duty to ensure that actual amount collected by them is remitted to the stamp duty account which is part of the Federation Account.
He assured that the NIPOST management and staff were committed to ensuring that the present administration led by President Muhammadu Buhari delivers on its mandate in line with Economic Recovery and Growth Plan (ERGP).
He also said that the postal service had collected N45.8 billion as proceeds from stamp duty as of December 13, 2019.
General
Dangote Unveils Phone Number to Report MRS Stations Selling PMS Above N739
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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