Banks Alert Customers on New N50 Stamp Duty Rule
GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.
Category : Search result: bank transfer deduction
FG to Use Banks, Fintechs for Tax Debt Recovery in 2026
Nigeria tightens tax laws, empowering authorities to use banks and fintechs like Access, Zenith, and Opay to recover unpaid taxes. Learn about the new rules and your obligations.
OPay's N9,999 Transfer Feature Aids Nigerians on Tax
Nigerians celebrate as OPay adds a N9,999 transfer option to help users avoid new electronic tax charges. See user reactions and expert analysis on the fintech's market move.
Banker Reacts to Funny Transfer Narrations Amid New Tax Law
A Nigerian banker reveals over 50 hilarious bank transfer descriptions customers are using to avoid the new 2026 tax. See the viral reactions and how the law works.
Union Bank Closes All Titan Trust Social Media Accounts
Union Bank of Nigeria has disabled all Titan Trust Bank social media accounts. Customers are now directed to follow Union Bank's official platforms for updates and services.
Nigerians Use 'Loan Refund' Narration to Avoid New Tax Charges
A Nigerian lady's viral TikTok video reveals how vendors are asking customers to use 'loan refund' in bank transfer descriptions to evade new 2026 tax laws, sparking a major online debate.
OPay's N9,999 Transfer Eases New Tax Burden for Nigerians
A Nigerian man's discovery of a new OPay transfer option for N9,999 has gone viral, helping users navigate the new tax law. See how this fintech innovation is saving money.
CBN Issues New Cash Directive to Banks for 2026
The Central Bank of Nigeria has directed commercial banks to guarantee steady cash flow in ATMs and branches nationwide. This follows a successful festive season with minimal scarcity.
Man Avoids New 2026 Bank Charge by Sending N9,999
A Nigerian man's viral post shows how he avoided the new N50 electronic transfer levy by sending N9,999. His action has ignited a fierce online debate about the 2026 tax laws. Read more.
Man Sends N1m, Debunks New Tax Law Rumours
A Nigerian man shares his experience after sending over N1 million under the new tax law, clarifying there were no extra deductions. Read his story and public reactions.
Lady Cries Over ₦50 Deduction on ₦16,000 Transfer
A Nigerian lady shared her shock after an extra ₦50 was deducted from a ₦16,000 transfer under the new tax law. See the online reactions and what this means for you.
Lawyer Abroad Reveals Access Bank Charges on N200k Transfer
A Nigerian lawyer in Dublin shares receipts showing Access Bank charges for sending money home. She hopes new tax laws will bring development. See the breakdown and reactions.
Viral 'Periwinkle' Bank Transfer Description Sparks Online Debate
A Nigerian lady's hilarious 'periwinkle' bank transfer description goes viral on X, sparking a crucial online debate about the importance of transaction narrations in Nigeria.
Brennan Johnson Completes £35m Crystal Palace Move
Wales forward Brennan Johnson seals a record £35 million transfer to Crystal Palace from Tottenham. The 24-year-old signs a four-and-a-half-year contract. Read more.
Crystal Palace Sign Brennan Johnson for Club-Record £35m
Crystal Palace have secured a club-record £35m deal for Tottenham's Brennan Johnson. The 24-year-old striker signs a 4.5-year contract and could debut this weekend. Read more.
Man's 2026 Transaction: No Tax Deduction on N20k
A Nigerian man shares his experience sending N20k in 2026, debunking tax deduction fears. He urges verification of new tax laws amidst online misinformation.
Premier League Transfer Window: Key Moves & Targets
The Premier League transfer window is open! Get the latest on Liverpool's spending, Man City's Semenyo deal, Villa's title push, and Man Utd's Mainoo dilemma. All the key facts and analysis.
Man Exposes Bank Tax Deduction Error in Viral Tweet
A Nigerian man's viral tweet exposes a puzzling N73.05 tax deduction by GTBank, sparking widespread debate on the new tax reforms and bank transparency. See the full story and reactions.
Why I Feel Guilty After Returning Mistaken N6k Transfer - Man
A Nigerian man, Mahmud Ibrahim Skt, returned N4,000 after a mistaken N6,000 OPay transfer but feels guilty for keeping N2,000. He shares his moral dilemma online, sparking reactions.
Man Cries Out Over N50 Tax on N10k Transfer in 2026
A Nigerian man raises alarm after N50 was deducted for a N10,000 transfer, signaling the start of new 2026 tax laws. Get the full story and public reactions here.
New ₦50 Stamp Duty Shifts to Senders from January 2026
OPay, PalmPay, Moniepoint, and major banks notify Nigerians of a key tax change. From January 1, 2026, senders will pay a ₦50 stamp duty on transfers of ₦10,000 and above. Learn the details and exemptions.
Man Cries Out Over N30k Tax Deduction from Salary
Edidiong Johnson expresses shock after discovering a N30,842 PAYE tax deduction on his November 2025 payslip, sparking debate on Nigeria's new Tax Act 2025 ahead of its 2026 implementation.
Banks Announce New N50 Stamp Duty on Electronic Transfers
Nigerian banks have notified customers of a new N50 stamp duty on electronic transfers of N10,000 and above, effective January 1, 2026. The charge is payable by the sender. Learn the details and exemptions.
Viral Tax Warning: 'First Deduction Go Hit Like Sledgehammer'
A Nigerian man's viral tweet sparks reactions as he warns that the first tax deduction under new rules will hit citizens hard. See the public's mixed responses.
Man Cries Out as N100k Bank Transfer Becomes N63k
A Nigerian man raises alarm after transferring N100,000 to his Zenith Bank account, only to find a balance of N63,000. The incident sparks online reactions and tax deduction theories. Read full details.
Nigerian Woman Returns N330M Mistakenly Credited to Her
Aisha Isah Yelwa, a petty trader from Lapai, Niger State, displayed remarkable integrity by returning N330 million mistakenly sent to her First Bank account. Read her inspiring story.
Seer Samuel King Releases 2026 Prophecy for Nigeria
Seer Samuel King of Dynamite Glory Ministry declares 2026 a 'convergence year' of wealth transfer and awakening. Get the full prophecy and insights from other clerics.
Avoid Tax Overpayments with Accurate Bank Transfer Narrations
As Nigeria's new tax regime begins in January 2026, experts advise using clear bank transfer descriptions like 'Gift' or 'Loan' to prevent overpayment and tax audits. Learn the simple, legal narrations.
Banks to Charge N50 Stamp Duty from Jan 1, 2026
Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.
N50 Stamp Duty on Bank Transfers Starts 2026
From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.
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