Nobody should pay N50 charges on POS transactions - Central Bank Of Nigeria - Linda Ikeji's Blog

The Central Bank of Nigeria (CBN) has clarified the issue of payments of N50 charges by merchants who use Point of Sale (POS) machines for cashless transactions, insisting that nobody should pay extra on goods and services. The CBN explained that the N50 stamp duty is a fee regulated by an act that directs merchants to pay all necessary taxes as regulated by government agencies. Speaking on Channels...

Nobody should pay N50 charges on POS transactions - Central Bank Of Nigeria - Linda Ikeji's Blog