Major Nigerian banks have alerted customers that from January 1, 2026, transfers of N10,000+ attract N50 stamp duty payable ...
Learn how Electronic Benefits Transfer (EBT) works, its uses in government assistance programs like SNAP, and how it aids ...
The Electronic Fund Transfer Act (EFTA), sometimes referred to as Regulation E or Reg E, is a federal law that provides some guardrails for consumers against fraud and account errors. While it covers ...
Discover how the Electronic Fund Transfer Act safeguards consumers during electronic fund transfers, limiting liability and ensuring error correction through ATMs, debit cards, and more.
Nigerian fintechs warn customers of a new ₦50 stamp duty on transfers of ₦10,000 and above from January 1, 2026, raising ...
Cash may be king, but most transactions are done electronically now. Even gifts, once done by cash or check, are being taken over by electronic transfers. There are multiple types of electronic ...
The electronic salary transfer service through the Musaned platform documents wage payments via approved banks and digital ...
Starting January 1, Nigerians transferring above N10,000 will pay an additional N50 government stamp duty on electronic ...
Banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026, following the implementation of the Tax Act.