Point of Sales (POS) operators, under the aegis of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Lagos state chapter, have increased
With the new directive, Nigerians who want to deposit the sum of N1,000 and N4,900 will now have to pay service charge of N100; N5,000 and N10,900 will attract a service charge of N200; N11,000 and N20,900 will attract a service charge of N300; N21,000 and N30,900 will attract service fee of N400; N31,000 and N40,900 will attract service charge of N500 and from N41,000 to N50,000 will attract a service charge of N600.
For withdrawals up to N1,000 and N2,400, Nigerians are expected to pay a service charge of N100; withdrawal from N2,500 to N4,000 will incur a service charge of N200; withdrawal from N4,100 to N6,400, will incur a service fee N300; withdrawal from N6,100 to N7,400 will now attract a service charge of N400; withdrawal from N7,500 to N10,900 will incur a service charge of N500; withdrawal from N11,000 to N14,400, will attract a service charge of N600; withdrawal from N14,500 to N17,900 will be...
The new price list was unveiled at the 4th Annual AMMBAN Lagos Symposium themed “the impact of cashless policy on mobile money & agency banking. The chairman of the AMMBAN, Lagos state chapter, Abiodun David disclosed that the new price was agreed upon by the Association in an effort to reduce extortion by POS agents on the general people and is also a reflection of the current economic climate in the nation.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boat crash: Students corpses recovered, NIWA arrests operatorsThe corpses of three medical students who went missing when the boat conveying them to a destination crashed in the Calabar area of Cross River State have been recovered.
Read more »
Manufacturers kick against planned electricity tariff increaseThe Manufacturers Association of Nigeria, MAN, on Monday, warned against the negative consequences of the proposed increase in tariff by DisCos. It
Read more »
Abuja Distribution Company, AEDC Reverses Plan To Increase Electricity Tariffs | Sahara ReportersThe Abuja Electricity Distribution Company (AEDC) has appealed to its customers to disregard the planned tariff increase as approval for such an increment had not been received. AEDC management made the appeal in a statement on Monday in Abuja. “Please disregard the circulating communication, regarding the review of electricity tariffs. Be informed that no approval for such increments has been received. We regret any inconvenience.”
Read more »
'It'll increase equality and justice -- PwDs ask for appointments in Tinubu's cabinet | TheCablePersons with Disabilities (PwDs) have written a letter to President Bola Ahmed Tinubu demanding appointments into his cabinet.
Read more »
Controversy trails 'plans' to increase electricity tariffsThe uncertainty surrounding the proposal has generated concerns among consumers and key institutions in the industry.
Read more »
Subsidy removal palliative: FG should review bank charges, pension deductions, says Osita Chidoka | TheCableOsita Chidoka, a former minister of aviation, has asked President Bola Tinubu to initiate steps for the removal of bank charges and reduction in the contributions to pension schemes.
Read more »