E-transfer Levy Sparks Outrage as POS Operators Increase Fees

In a move that has sparked widespread dissatisfaction, operators of Point-of-Sale (POS) terminals have increased their charges, following the implementation of the Federal Inland Revenue Service’s (FIRS) Electronic Money Transfer Levy (EMTL). This N50 levy applies to any electronic transfer of N10,000 or more, in line with the new tax regulations. Starting December 1, 2024, […]

Polaris Bank retains best digital bank award for the fourth year

Polaris Bank, a leading digital retail bank in Nigeria, showcased its digital leadership over the weekend by winning the prestigious “Digital Bank of the Year” award at the Banks and Other Financial Institutions Awards (BAFI Awards) for the fourth consecutive year. The bank’s innovative digital platform, VULTe, was recognized for its excellence in the digital […]