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Central Bank Of Nigeria To Increase Charges On PoS Transaction

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e Central Bank of Nigeria has directed the strict implementation of Merchant Service Charge, which would impose more charges on all point of sale (PoS) transactions. This is coming few days after the apex bank announced new charges on withdrawal and deposit of funds above N500,000. The directive on the 'Unbundling of Merchant Settlement Amounts' was contained in the CBN circular to banks, processors and switches, titled: 'Review of Process for Merchants Collections on Electronic Transactions', The Nation reports. According to the CBN, the new policy stipulates 'Stamp Duties Payment' on individual transactions that occur on PoS, rather than previous plans where charges occurred on aggregate transactions. The circular signed by CBN Director, Payments System Management Department, Sam Okojere, authorised banks to unbundle merchant settlement amounts and charge applicable taxes and duties on individual transactions as stipulated by regulators. The merchant...
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Huawei Has Confirmed It Is Developing It’s Own Kirin OS To Replace Android

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Chinese tech giant Huawei has at last affirmed that it is building up it's very own OS to fight the android OS in the closest future. This affirmation has at last put and end to every bits of gossip that the organization intends to build up it's very own working framework. The name of the OS will be known as the KIRIN OS. Much the same as Huawei disclosed it's very own chipset processor, the Kirin processor to supplant the Qualcomm Snapdragon processors. The organization is doing likewise with the product. This implies Chinese tech organizations are not kidding. They are endeavoring to break their reliance on American tech organizations. China as of now has it's very own search engine. It's very own social media platforms, it's own vehicle organizations, it's very own electric vehicle new companies, it's own aeroplane makers, it's very own weapon makers, etc. In the event that Huawei wrap up it's very own OS, they'll have practically no com...
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Nigeria Will Soon Produce Graduates Who Can't Speak English — Senator Okorocha

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Former Governor of Imo State, Rochas Okorocha seems to be serving it in the red chamber ever since he emerged a Senator. During yesterday's plenary, the ex-governor fired his distinguished colleagues why everybody is talking about payment of salaries, roads and neglecting the standard of education in the country, even the kind of graduates our institutions produce. In the video making rounds online, web users seem to be liking the new Rochas who have now graduated to a Senator. Source: https://zenithnaija.com/nigeria-will-soon-produce-graduates-who-cant-speak-english-senator-okorocha/
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