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Category: Economy

Economy, NewsLeave a comment

CBN Begins Charges on Deposits, Withdrawals Above N500,000

September 18, 2019September 18, 2019 wazobiatimes

The Central Bank of Nigeria on Tuesday said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks in the country. It said that … Continue reading CBN Begins Charges on Deposits, Withdrawals Above N500,000

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FIRS to Impose VAT on Online Transactions from January 2020

August 27, 2019August 27, 2019 wazobiatimes

Chairman of the Federal Inland Revenue Service, Babatunde Fowler, on Monday said that Nigerian banks would start charging Value Added Tax on local and foreign online transactions from January 2020. Fowler spoke at a technical workshop organised by the African … Continue reading FIRS to Impose VAT on Online Transactions from January 2020

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