FIRS explained that the new policy was necessary so as to give the instruments the legal backing required.
The volume and value of PoS transactions grew 46.7% y/y and 40.6% y/y to 41.3 million transactions and N313.4 billion respectively in Jan 2020.
The CBN has been urged to assist the FIRS to track the electronic payment of Value Added Tax made by foreign entities that are not registered...
