ARTICLE
20 January 2016

Stamp Duties Now Payable On Banking Transactions

PW
PwC Nigeria

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In an attempt to raise non oil revenue, the Central Bank of Nigeria has directed all banks to enforce collection of N50 stamp duty for receipted transactions including online transfers of N1,000 and above effective immediately.
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In an attempt to raise non oil revenue, the Central Bank of Nigeria has directed all banks to enforce collection of N50 stamp duty for receipted transactions including online transfers of N1,000 and above effective immediately. See link below for details.

CBN Directive on stamp duties

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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