charge

Land Use Charge: Lagos Assembly Amends Ambode’s Law

December 31, 2019 7:50 am
Members of the Lagos State House of Assembly have amended the Land Use Charge Law, 2018 passed by the Akinwunmi Ambode government.

Ambode was widely criticised for the controversial Law.

The 6-man Ad Hoc Committee, Chaired by Hon. Rotimi Olowo, presented the report of the findings of the committee to members at the Plenary on Monday.

According to him, the House in response to the outcry of residents in some sections in the Principal Law on Land Use Charge, 2018, organised a Public Hearing to ensure public participation.

During the presentation of the report, the Lagos Chairman of the 6

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CBN Devalues Naira, Fixes Dollar Sale At ₦392

CBN: ₦50 PoS Charge To Be Paid By Businesses Not Customers

December 24, 2019 5:32 am

The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charged to businesses for using point of sale (PoS) machines.

A Director in CBN’s Payment System Management Department, Musa Jimoh, explained the central bank’s merchant charge directive in a chat with TheCable yesterday.

“The stamp duty is a fee regulated by an act. The CBN doesn’t regulate the stamp duty so we can’t change anything. Stamp duty as it is today has been misinterpreted,” Jimoh said.

“Our circular that talks about merchants paying stamp duty according to the law does not say that the stamp duty …

Pos: Fuel Stations To Charge ₦50 On Sales From Dec 1

November 26, 2019 3:48 am

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that beginning from December 1, 2019, a fee of ₦50 will be charged on all Point of Sale (PoS) transactions from ₦1,000 at petrol stations. IPMAN, which members own 19,000 out of the 25,000 registered filling stations said this in an advertorial published on Monday, saying it was based on a directive of “the Central Bank of Nigeria (CBN) dated 17th September, 2019, to all commercial banks that charges of taxes and duties be imposed on all electronic transactions.

“In view of the foregoing, the general public should please note …

Man City Expect Tottenham To Slow Liverpool EPL Charge

Man City Expect Tottenham To Slow Liverpool EPL Charge

October 25, 2019 4:43 pm
Manchester City has the chance to exert some short-term pressure on runaway Premier League leaders, Liverpool, this weekend as Manchester United look to end their away-day blues.Jurgen Klopp’s side saw their long winning streak ended by a hungry United in a draw at Old Trafford last week but still have a comfortable six-point lead over second-placed City.

Guardiola’s defending champions can cut that gap to just three points, at least temporarily, if they beat Aston Villa at home on Saturday, while Liverpool has a trickier-looking tie against Spurs the following day.

Frank Lampard’s young Chelsea side travel to Burnley on

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Confusion, Anger As Telcoms Charge ₦4 For USSD Services

Confusion, Anger As Telcoms Charge ₦4 For USSD Services

October 21, 2019 1:29 am

•Banks to still retain N50/USSD transactions
•Ministry claims ignorance, suspends plan
•’Why subscribers suffer early data depletion, rise in usage’

Beginning from today, Nigerians who use financial institutions’ unstructured supplementary service data (USSD) platforms to transfer money from one point to another are expected to incur additional charges for such services.

The USSD services include the GTB’s *737#; First Bank’s *894#; Fidelity Bank’s *770#; Access Bank’s *901#; and UBA’s *919# that run on telecoms’ operator’s platforms. While there is an initial charge of ₦50 by the bank, which will be retained, customers who use the USSD will be made to …

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