Banks awaiting CBN’s directive to end stamp duty collection

Banks awaiting CBN’s directive to end stamp duty collection

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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