Banks To Start Charging Senders N50 Stamp Duty On Transfers Above N10k From January

Tori | 01-01-2026 12:32am |

The stamp duty or electronic money transfer levy (EMTL) is a single, one-off charge of N50 on electronic receipt or transfer of money deposited in any commercial money bank or financial institution on any type of account on sums of N10,000 and above.

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