Banks To Effect ₦50 Stamp Duty On Transfers Above ₦10k From January 1, Federal Capital Territory, Abuja Beloud

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Banks To Effect ₦50 Stamp Duty On Transfers Above ₦10k From January 1

Banks To Effect ₦50 Stamp Duty On Transfers Above ₦10k From January 1

Nigerian banks will implement a ₦50 stamp duty on electronic transfers of ₦10,000 and above starting January 1, 2026. This charge, known as the Electronic Money Transfer Levy (EMTL), will be...

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