April 23, 2026

AchieversFocus

Insights to Drive Your Journey.

2026 :- NIGERIANS TO STOP  PAYING FIVE COMMON BANK CHARGES — FG

The ₦50 Electronic Money Transfer Levy (EMTL), charged on transfers above ₦10,000, will be scrapped entirely.

• Employees and employers currently bear stamp duty charges on salary transfers

• Investors in treasury bills, government bonds, and shares currently pay stamp duties on their transactions

• The ₦50 charge on transfers between accounts within the same bank will be discontinued

• The ₦50 charge on transfers between accounts within the same bank will be discontinued.

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