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Electronic Money Transfer Levy

How Nigeria’s New Tax Rules Will Make Every Bank Transfer More Expensive from 2026

From January 2026, sending ₦50,000 through your bank or fintech app could quietly cost you ₦100 in transfer fees. Not because your bank has raised its charges, but because the Nigerian government has changed the rules on who pays for electronic transfers — and how often they pay. Five years after replacing stamp duty with […]