Nigeria’s tax reform will use digital banking data, making accurate transfer narrations crucial to avoid overpayment, audits, ...
Starting January 1, 2026, Nigerian banks will charge a N50 stamp duty on electronic transfers of N10,000 and above, excluding ...
The highest money market account rate available today is 4.22% Changes from the Fed or your bank can quickly change money ...
The Punch on MSN
Tax reforms: Bank narrations to determine liability
Learn why Nigeria's 2026 tax reforms will use bank narrations to determine tax liability and how clear descriptions are now ...
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.
Sending money to Africa has become easier over the past decade, but the cost difference between services remains ...
Large transfers over $50,000 trigger bank reviews, temporary holds, and slower clearing times that can delay access to your money.
A new banking safeguard in Hong Kong aims to reduce scam losses by requiring customers to confirm certain transactions in ...
How real-time payments, interoperability, tokenisation and trust are reshaping cross-border payments and global transaction ...
Tribune Online on MSN
Nigerians to pay N50 stamp duty on bank transfers above N10k from Jan 1
Nigerians will begin paying a ₦50 stamp duty on electronic bank transfers of ₦10,000 and above from January 1, 2026, as financial institutions implement provisions of the newly enacted Tax Act.The ...
The Federal Government has announced changes to the collection of stamp duties on electronic bank transfers, with the N50 stamp duty now to ...
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