Nigeria’s new digital postcode targets N80bn delivery losses, tightens bank KYC

BusinessDay | 23-09-2026 10:29pm |

Nigeria is set to deploy a national digital postcode system from October 1 that could help businesses cut delivery losses. The system targets N80 billion in delivery losses and aims to tighten bank Know Your Customer (KYC) processes. This initiative is expected to improve logistics and financial security.

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