CBN to Charge N50 Stamp Duties on Bank Customers

Godwin Emefiele

Click here to view circular

By InvestAdvocate

Lagos (INVESTADVOCATE)-As part of efforts to boost its revenue base, the Federal Government of Nigeria through the Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) and financial insitutions to charge N50 stamp duty on Banks customers in respect of electronic transfer and teller deposits from N1,000 and above.

Leave a Comment

Your email address will not be published. Required fields are marked *

*