Protests as NIPOST imposes new charges on courier services

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The cost of courier services are expected to rise soon as the Nigeria Postal Service has increased the cost of licences for logistics and courier companies.According to the new charges by NIPOST, companies which provide international courier services like DHL, UPS and FEDEX, are expected to pay N20m for a new licence and N8m annually while those offering national services are expected to pay N10m for licence and N4m yearly for renewal.

“We discovered that many of the logistics companies don’t even have an address. Many of these firms use motorcycles that are not up to standard. These licences will ensure that the system is well regulated,” an official of NIPOST, who wished to remain anonymous, said.

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