THUR, JULY 04 2019-theG&BJournal- The Nigerian Postal Service (NIPOST) earned a total sum of N7.05bn as revenue in 2018, a slight improvement on the N7.04 earned in 2017 but significantly lower than the N8.83 billion generated in 2016.
EMS/Speedpost generated the highest amount of revenue of N1.84bn representing about 26.16% of the total revenue generated in the year, according to the latest Annual Postal Services data (2018) published by the National Bureau of Statistics (NBS).
NBS say Parcel clearance/delivery fee, stamp proceeds and international mail income followed closely with N1.60bn, N1.04bn and N560.96m revenues generated representing 22.76%, 14.77% and 7.95% of the total revenue generated respectively.
The agency handled a total of 20,117,730 mails domestically and internationally in 2018. 9,264,957 mails which represent about 46.05% of the total mails were handled locally while 2,499,631 mails which represent about 12.43% of the total mails were dispatched abroad. 8,353,142 mails which represent about 41.52% of the total mails were received from abroad and delivered in Nigeria.
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