Banks in the country have begun the implementation of the Central Bank of Nigeria’s directive that they should start charging N50 on every lodgement in current accounts worth N1,000 and above amidst outcry from customers. Investigation by our correspondent showed that some operators of Small and Medium Enterprises were not […]
Tag: Stamp Duty
CBN, FIRS, NIPOST clash over stamp duty
February 3, 2016/Punch By Everest Amaefule, Abuja Tension is brewing among three key government agencies over the implementation of the stamp duty recently reintroduced to the banking industry by the Central of Bank of Nigeria. Investigation by our correspondent showed that there had been several closed-door meetings in the last […]
Economy Downturn: MAN Criticises FG’s Fiscal Policies
By Our Correspondent The umbrella body of manufacturers in the country, the Manufacturers Association of Nigeria, MAN says the planned increase in Value added Tax, VAT and introduction of Stamp Duty on Bank transactions from N1000 and above would further erode the purchasing power of Nigerians and increase the plight […]
