Nigeria Proposes New Bill for E-commerce Platforms

Nigerian President Bola Ahmed Tinubu wrote to the senate to demand a 50% tax on foreign exchange gains made by banks. The federal government and the National Insurance Commission are developing a bill that demands new information requirements from e-commerce platforms In a new bid to regulate and protect trading on Nigerian e-commerce platforms. The proposed bill requires e-commerce platforms like Jumia and Konga to provide crucial information about themselves, including their legal names, addresses, and phone numbers. The information will be used to communicate with the seller and used in cases of legal proceedings.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.