Confuse,unserious government,with comedies activities

Now I am more confused

Humphrizy:
Chaiii...That means business owners will always add #50 on top each product incase a customer wants to go for it.

CBN and their charges eeh

Exactly what they want to discourage but ended up encouraging it.

Now the U-Turn won't change anything because the N50 would always be added to be paid by each customer

Just imagine that

MzTunechi:
Now I am more confused

Now the U-Turn won't change anything because the N50 would always be added to be paid by each customer

Just imagine that

The customer still pays...... They would add it to final price stylishly. ..........

Corrupted Banking Nigeria, policy.......

I was still charged 10 times today at same rate liars

dem go still collect am frm us

CBN IS SOUNDING SO CONFUSED NOW.

IT IS AS SIMPLE AS THE SHOPS INSISTING ON CUSTOMERS PAYING CASH NOW.

ONE STEP FORWARD AND SIX YEARS AFTER TEN STEPS BACKWARDS.
.
PERIOD.

Its sad and disheartened to see all of you moving in one direction... DON'T YOU KNOW THAT BANKS PAY SOME FRACTIONS TO THE VENDORS WHENEVER YOU TRANSACT WITH THEIR POS

noeloge82:
So wrong
The problem is that when u make law u don't think of it's impact , if I sell goods of 1000 and a customers uses pos and pay meaning that d value I will receive for 1000 naira goods is 950 I will simple adjust my price to 1050 so that d customer bears d burden.
Do u know that school fees now has been adjusted to this stamp duty stuff , some schools adjusted by 50 naira while some adjusted by 100.
Now who bears d burden the customer of course and this discourages online transactions as the price of paying by cash now is cheaper than transfers.
Fuel station will preference cash except you are wiling to pay d 50 stamp duty cos a fuel company cannot receive alert of 10 liter fuel as 1400 instead of 1450
This is just wrong , it could have been better if electronic transfers attract no stamp duty while deposits attract stamp duty , this instantly will make people move to electronic transfers

Don't mind them, sometimes I wonder if these policy makers use their brains at all.

we customers go still bear this burden las las.....na naija we dey na

Customers will always pay. Price of goods and services will be increased, that's all.
Even I know that, and I'm not an economist.

U see how dumb diz people are?

ijustdey:


https://www.thecable.ng/cbn-n50-pos-charge-to-be-paid-by-businesses-not-customers

Mumu talk.... Will it not boils down to the end users (people requesting for the service will definitely be the one to pay it)

H

helinues:
Good one

Small small we are building our institutions

Are you mad? Which Institutions are you building?
I'm an APC person but there's a limit to blind support

Humphrizy:
Chaiii...That means business owners will always add #50 on top each product incase a customer wants to go for it.

CBN and their charges eeh

Not likely...they will decline you paying via POS simple

sammhi:

Not likely...they will decline you paying via POS simple

Na wetin I dey reason... The use of POS will reduce... But they should jejely reduces the charges per transfer made

All charges and taxes are paid by people.

Anytime a government says it is taxing or fining or charging businesses, such a government is merely deceiving itself as at the end of the day, all taxes and charges are transferred to the consumer

noeloge82:
So wrong
The problem is that when u make law u don't think of it's impact , if I sell goods of 1000 and a customers uses pos and pay meaning that d value I will receive for 1000 naira goods is 950 I will simple adjust my price to 1050 so that d customer bears d burden.
Do u know that school fees now has been adjusted to this stamp duty stuff , some schools adjusted by 50 naira while some adjusted by 100.
Now who bears d burden the customer of course and this discourages online transactions as the price of paying by cash now is cheaper than transfers.
Fuel station will preference cash except you are wiling to pay d 50 stamp duty cos a fuel company cannot receive alert of 10 liter fuel as 1400 instead of 1450
This is just wrong , it could have been better if electronic transfers attract no stamp duty while deposits attract stamp duty , this instantly will make people move to electronic transfers

Very apt deposition

ALL POS at the marts yaff spoil be that niyen

Simple

Businesses will stop using POS to avoid that unwarranted payment

Everybody goodbye to cashless policy and welcome back to cash policy

Nwaide01:
Benue state government should refunds all the #50 its agents corrected from us in the name of stamp duty immediately.

Come and read what you have typed

noeloge82:
So wrong
The problem is that when u make law u don't think of it's impact , if I sell goods of 1000 and a customers uses pos and pay meaning that d value I will receive for 1000 naira goods is 950 I will simple adjust my price to 1050 so that d customer bears d burden.
Do u know that school fees now has been adjusted to this stamp duty stuff , some schools adjusted by 50 naira while some adjusted by 100.
Now who bears d burden the customer of course and this discourages online transactions as the price of paying by cash now is cheaper than transfers.
Fuel station will preference cash except you are wiling to pay d 50 stamp duty cos a fuel company cannot receive alert of 10 liter fuel as 1400 instead of 1450
This is just wrong , it could have been better if electronic transfers attract no stamp duty while deposits attract stamp duty , this instantly will make people move to electronic transfers

You have made a very valid point even when not the regulator. Unfortunately CBN won't care because the government of the day don't yet have a direction.

The guys that make policy such as this are exceptionally stupid and thoughtless. I'll say it to their face.

Messr Foolish Blockheads & Co.

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I told them at the petrol station and they no gree .

The business owners have a way of calving it into the cost of the product if they don't request it directly, costumer do it indirectly.

Did these CBN guys study basic Economics at all?
They sound like bunch of unlettered and confused folks!
Why am I even surprised; how sound is their boss, Major General Mahammadu Buhari( Retd)?

Customers are the ones paying it. When you get to the counter, they tell you that they are adding 50 Naira to your bill.

This is nonsense and you expect them to continue to use the POS when the know they will charge apart from the tax they have been paying before

How do they intend to achieve the cashless policy when they're discouraging people with senseless charges.