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Central Bank of Nigeria

Commencement of CRMS Compliance Status Checks

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Author
Central Bank of Nigeria
Year
2016
Pages
2 pages

This circular directs deposit money banks and other financial institutions to charge N50 stamp duty on eligible receipts acknowledging electronic transfers and teller deposits of N1000 and above, while exempting self-to-self transfers and withdrawals or transfers from savings accounts. It also requires receiving accounts to…

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