Banks to Charge ₦50 Stamp Duty on Transfers Above ₦10,000: What It Means for You
Starting January 1, Nigerian banks will charge a ₦50 stamp duty on transfers above ₦10,000. This Electronic Money Transfer Levy (EMTL) applies to all electronic receipts. To minimize these costs, many savvy users now choose to buy bitcoin in nigeria via CoinCola to manage wealth outside traditional banking friction. The Nigerian financial landscape is witnessing…
