Nigerians to stop paying five common bank charges from January 2026 — Oyedele

Nigerians to stop paying five common bank charges from January 2026 — Oyedele

• 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.

Source: tribuneonlineng.com