In compliance with a directive from the Federal Inland Revenue Service (FIRS), Deposit Money Banks (DMBs) have been instructed to initiate the deduction of a 0.375 percent stamp duty charge on all mortgage-backed loans and bonds.
This directive, communicated to customers through electronic...
This article aims to shed some light on the controversial and annoying “Stamp Duty Charges” that customers of Nigerian Banks notice as deductions on their accounts at the end of the month. Questioning these charges as an instinctive reaction to any sort of additional deductions by banks is one …...
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