• Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business
Nigerian Daily Post
  • Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business
No Result
View All Result
  • Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business
No Result
View All Result
Nigerian Daily Post
No Result
View All Result

POS Operators Increase Charges Following Federal Government’s Transfer Levy.

POS Operators Increase Charges Following Federal Government's Transfer Levy.

admin by admin
December 4, 2024
in National News
0
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter
For advert placement, News publication, Event coverage and Promotions, call +2349012892630 or email us info@nigeriadailypost.com.ng

POS Operators Increase Charges Following Federal Government’s Transfer Levy.

By Our Correspondent

Implementing an N50 Electronic Money Transfer Levy by the Federal Inland Revenue Service (FIRS) has drawn significant backlash from Nigerians. Point-of-sale (POS) operators have raised their transaction fees nationwide.

The levy applied to electronic inflows of N10,000 and above and took effect on Monday, prompting customers to express dissatisfaction over the service charge increase.

Major fintech platforms, such as Moniepoint, PalmPay, and OPay, had previously informed users about this mandatory deduction, clarifying that the levy would be directly remitted to the federal government.

In a statement, Moniepoint explained, “Please be informed that in compliance with the Federal Government Stamp Duty Act, you will be charged an Electronic Money Transfer Levy of N50 by the Federal Inland Revenue Service on any electronic inflow of N10,000 and above.

Moniepoint does not benefit from this; we merely collect and remit this amount to FIRS.”

Similarly, PalmPay notified its users, stating, “A N50 levy will be charged on transfers of N10,000 or more deposited into your PalmPay account starting November 30, 2024, as mandated by the Federal Government.”

OPay also notified concisely: “In line with FIRS regulations, the EMTL will apply beginning December 1, 2024.”

Consequently, many POS operators have adjusted their fees to accommodate the new charges, placing additional financial strain on customers already dealing with high transaction costs.

Visited 27 times, 1 visit(s) today

For advert placement, News publication, Event coverage and Promotions, call +2349012892630 or email us info@nigeriadailypost.com.ng
Previous Post

Transporters warn Nigerians to expect skyrocketing food prices in December

Next Post

Niger State Government Refutes Claims of Attack on Governor Umaru Bago’s Convoy

admin

admin

Related Posts

MURIC Calls for Sharia Courts and Friday Work-Free Day. 
National News

MURIC Calls for Sharia Courts and Friday Work-Free Day. 

July 6, 2025
Student Leaders tasked to Combat Gender-Based Violence in Niger State.
National News

Student Leaders tasked to Combat Gender-Based Violence in Niger State.

July 5, 2025
Tragic Accident Claims Four Lives in Niger State. 
National News

Tragic Accident Claims Four Lives in Niger State. 

July 5, 2025
FBI Targets Nigerian Fraudster in Major Cryptocurrency Scam Linked to Trump Inauguration Funding
National News

FBI Targets Nigerian Fraudster in Major Cryptocurrency Scam Linked to Trump Inauguration Funding

July 5, 2025
Senator Natasha Shuts Down Kogi State, Distributes Grains to Constituents.
National News

Court Orders Senate to Recall Natasha from Suspension. 

July 4, 2025
NBC Expresses Sympathy to Prestige FM Minna Over Collapsed Mast
National News

NBC Expresses Sympathy to Prestige FM Minna Over Collapsed Mast

July 4, 2025
Next Post
Niger State Government Refutes Claims of Attack on Governor Umaru Bago’s Convoy

Niger State Government Refutes Claims of Attack on Governor Umaru Bago's Convoy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Minimum wage : Gov. Bago directs full  implementation using Fed Govt. template. 

Minimum wage : Gov. Bago directs full  implementation using Fed Govt. template. 

November 3, 2024
Niger State Govt. commences payment of gratuities to Retirees.

Niger State Govt. commences payment of gratuities to Retirees.

May 22, 2025
Gov. Bago Sympathizes with Nigeria Army,reassures to curb insecurity in the State. 

Farmer Governor Umar Bago to increase workers salary by 35 percent – insider source

December 22, 2024
Four hundred level Student of IBBUL brutally attacked by her Ex-boy friend,damaged her eyes.

Four hundred level Student of IBBUL brutally attacked by her Ex-boy friend,damaged her eyes.

February 23, 2025

White Ribbon Alliance Nigeria is bringing Self-care closer to Niger state communities

0

NUT Niger state branch Felicitate Emir of Kagara on his presentation of staff of Office and Coronation.

0

Niger CJ to Introduce Case filtering system as way to Deconjesting Magistrates Courts, Disclosed at 2022 MAN WEEK

0

Fed High Court Minna has declared Hon Badaru as the Authentic APC State Assembly candidate for Suleja.

0
MURIC Calls for Sharia Courts and Friday Work-Free Day. 

MURIC Calls for Sharia Courts and Friday Work-Free Day. 

July 6, 2025
Governor Umar Bago Joins Federal Govt. Delegation at the 17th BRICS Summit in Brazil. 

Governor Umar Bago Joins Federal Govt. Delegation at the 17th BRICS Summit in Brazil. 

July 6, 2025
Arrests Made in Gruesome Kidnap and Murder Case of Female Bank Manager in Anambra.

Fuel Station Manager Among Four Arrested in Armed Robbery Crackdown. 

July 6, 2025
Student Leaders tasked to Combat Gender-Based Violence in Niger State.

Student Leaders tasked to Combat Gender-Based Violence in Niger State.

July 5, 2025

Recent News

MURIC Calls for Sharia Courts and Friday Work-Free Day. 

MURIC Calls for Sharia Courts and Friday Work-Free Day. 

July 6, 2025
Governor Umar Bago Joins Federal Govt. Delegation at the 17th BRICS Summit in Brazil. 

Governor Umar Bago Joins Federal Govt. Delegation at the 17th BRICS Summit in Brazil. 

July 6, 2025
Arrests Made in Gruesome Kidnap and Murder Case of Female Bank Manager in Anambra.

Fuel Station Manager Among Four Arrested in Armed Robbery Crackdown. 

July 6, 2025
Student Leaders tasked to Combat Gender-Based Violence in Niger State.

Student Leaders tasked to Combat Gender-Based Violence in Niger State.

July 5, 2025

Follow Us

Browse by Category

  • Business
  • Crime
  • Education
  • Health
  • National News
  • Niger State Governor
  • Opinions
  • Politics
  • Sports
  • Uncategorized
  • World News

Recent News

MURIC Calls for Sharia Courts and Friday Work-Free Day. 

MURIC Calls for Sharia Courts and Friday Work-Free Day. 

July 6, 2025
Governor Umar Bago Joins Federal Govt. Delegation at the 17th BRICS Summit in Brazil. 

Governor Umar Bago Joins Federal Govt. Delegation at the 17th BRICS Summit in Brazil. 

July 6, 2025
  • Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business

© 2024 All Rights Reserved

No Result
View All Result
  • Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business

© 2024 All Rights Reserved