Banks awaiting CBN’s directive to end stamp duty collection

by | November 30, 2016 12:43 am

That deposit money banks (DBMs) are still deducting N50 stamp duty after the Court of Appeal judgement should be a much concern to Nigerian bank customers. The banks commenced the deduction of stamp duty in January this year following a circular from the Central Bank of Nigeria (CBN), directing them to deduct N50 from eligible…

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