Nigeria Starts ₦50 Levy On Bank Transfers Above ₦10,000 Rule
December 27, 2025
2:54 pm
New stamp duty shifts costs to senders as banks update systems, squeezing Nigerians already coping with inflation, fees, and rising prices nationally.
Nigeria will begin charging a new government levy of ₦50 on electronic bank transfers exceeding ₦10,000 starting January 1, 2026, adding another layer of cost to everyday financial transactions in Africa’s most populous nation.
The fee, known as a stamp duty, applies to each qualifying transfer and will be deducted directly from the sender’s account. It is separate from existing bank charges and applies regardless of the bank or digital platform used, according to changes already reflected on
