Nigeria Set to Implement ₦50 Stamp Duty on Bank Transfers, Senders to Bear New Cost from Jan 1, 2026
From January 1, 2026, Nigerian banks will begin charging a ₦50 stamp duty on electronic money transfers of ₦10,000 and ...
Tag: Electronic Money Transfer Levy (EMTL)
Bank Transfers Get Costlier in 2026
For millions of Nigerians, the convenience of digital banking is about to come with a steeper price tag. From January ...
FG, States, LGs Receive ₦1.93 Trillion from November 2025 Federation Account
The Federation Account Allocation Committee (FAAC) has released updated figures showing how revenue generated in November 2025 was distributed among ...
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