By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Despite the explanation of the Central Bank of Nigeria (CBN) last Thursday on some misconceptions among members of the public on the implementation of N50 stamp duty on bank transactions, Barrister Bisi Iyaniwura, a Lagos based Investment and Commercial Lawyer said the action was illegal. […]
Tag: N50
CBN to Charge N50 Stamp Duties on Bank Customers
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 […]
New Naira Notes Coming In September
The Central Bank of Nigeria will take delivery of new naira notes before the end of September for circulation, the Deputy Director, Operations, Dr Tunde Lemo, has said. The regulator had earlier said that new naira notes would be in circulation by June, and that the smaller denomination notes (N5, N10, N20, and […]
