Nigerian govt orders business owners to stop N50 POS charge - Daily Post Nigeria

The federal government has reacted to the N50 stamp duty imposed on consumers for transactions.

He stated that to impose an additional fee on consumers that is exclusive of price and discriminates based on the selected mode of payment essentially amounts to a penalty for the adopted mode of payment. “This makes it inappropriate and illegal for businesses to pass a stamp duty cost of doing their business to consumers.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stop compelling Nigerians to pay N50 on POS transaction, CBN tells business ownersNobody should pay extra on goods and services, the CBN official added I wonder how cbn will enforce this But they keep charging us😥😥 CBN should rather stop being silly. All costs must be paid for. The best thing is to remove the cost in the first place, otherwise, businesses will have to pass the cost to customers.
Source: PremiumTimesng - 🏆 3. / 78 Read more »