Banks to impose ₦50 stamp duty on transfers of ₦10,000 and above from January 2026 Banks across Nigeria will begin charging a ₦50 stamp duty on electronic transfers of ₦10,000 and above starting January 1, 2026, following the implementation of the Tax Act. The charge, officially known as the Electronic Money Transfer Levy (EMTL), is a one-off ₦50 fee applied to electronic receipts or transfers of funds deposited in any commercial bank or financial institution, regardless of the type of account, once the transaction meets or exceeds the ₦10,000 threshold. United Bank...