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Central Bank of Nigeria

Collection and Remittance of Statutory Charges on Receipts to Nigeria Postal Service

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Author
Central Bank of Nigeria
Reference No.
CBN/GEN/DMB/02006
Year
2016
Pages
2 pages

This circular directs deposit money banks and other financial institutions to charge N50 in stamp duties on eligible receipts for electronic transfers and teller deposits of N1,000 and above, while exempting self-to-self transfers and savings-account withdrawals or transfers. It requires deposit banks to maintain designated…

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