Tag: Nigerian Interbank Settlement System (NIBSS)
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E-Payment Transactions Hit N42.76Trn In Q3, 2019

The National Bureau of Statistics (NBS) has reported that the value of e-payment transactions in the nation’s banking sector rose to N42.76 trillion in 800,201,498 transactions during the third quarter this year. The bureau, in its latest report titled ‘Selected Banking Sector Data Q3 2019’ stated that the figures were the available data on electronic […]
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FIRS Seeks CBN’s Support On Foreign Firms’ e-VAT Payments

The Federal Inland Revenue Service (FIRS) has indicated its intention to collaborate with the Central Bank of Nigeria (CBN) to track Value Added Tax (VAT) payments made electronically by foreign entities not registered in the country. This is one of the strategies being considered by the revenue agency in a document it submitted to the […]