List of All Bank Transaction Taxes In Nigeria

By on    Bank, Business, General, Government, Politics  

Here’s a full list of bank transaction taxes in Nigeria as approved by the Central Bank of Nigeria CYBERSECURITY LEVY: SENDERS now bear; ₦5 on ₦1,000 ₦50 on ₦10,000 ₦500 on ₦100,000 ₦5,000 on ₦1,000,000 ₦50,000 on ₦10,000,000 STAMP DUTY: RECEIVERS bear; ₦50 on ₦10,000 ₦50 on ₦100,000 ₦50 on ₦1,000,000 ₦50 on ₦10,000,000 TRANSFER […]

Full List Of Transactions Exempted From CBN’s Cybersecurity Levy Debits

By on    Bank, Economy, Finance, Government, Politics  

Full List Of Transactions Exempted From CBN’s Cybersecurity Levy Debits

In accordance to a circular by the Central Bank of Nigeria (CBN), Nigerian banks will begin deducting a 0.5% cybersecurity levy on customers’ transactions. The circular was issued by the CBN on Monday, May 6, 2024, and directed to all commercial, merchant, non-interest, and payment service banks, among others. “Deductions shall commence within two weeks […]

History of Katsina State

By on    General, History, Politics, Society & People, States  

Katsina State is a state in the northwestern geopolitical zone of Nigeria. It was created in 1987, when it split from Kaduna State. It had over 5,800,000 residents as at 2006. Katsina became the fifth state in Nigeria to adopt Sharia law in 2005. It the fifth largest state in the country by population, despite […]

History of Kano State

By on    General, Politics, Society & People, States  

Kano State is one of the 36 states of Nigeria, located in the northern region of the country. According to the national census done in 2006, Kano State is the most populous state in Nigeria. The recent official estimates taken in 2016 by the National Bureau of Statistics found that Kano State was still the […]

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