Saturday, June 20, 2026

Stamp duty

May 8, 2024

Nigerian banks will start charging processing fees on cash deposits again in September: CBN

The extension followed widespread condemnation of the CBN’s recently announced 0.5 per cent cybersecurity levy on electronic transactions.

OLAYEMI CARDOSO; CBN
December 11, 2020

N50 stamp duty on bank deposits and transfers illegal: Federal High Court

Nigerian banks have been charging N50 as stamp duties on transactions above N1,000 across the country for several years.

Central Bank of Nigeria, CBN

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