Banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026, following the implementation of the Tax Act. 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 […] The post Banks To Charge Senders N50 Stamp Duty On Transfers Above N10,000 From January 2026 appeared first on Information Nigeria .