CBN orders banks to effect N50 stamp duty on transfers above N10,000
[Hallmark - Nigeria] - 2/01/2026
The Central Bank of Nigeria (CBN) has ordered financial institutions to start charging senders a ₦50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026, following the implementation of the Tax Act. This was disclosed in notices sent by Nigerian banks to their customers (…)
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