N50 Stamp Duty: CBN exempts salary accounts, self-to-self transactions

The Central Bank of Nigeria says the recently introduced N50 stamp duty for all deposit transactions will not be collected for Payments of salaries and wages as well as payments and deposits for self-to-self transactions whether inter or intra bank.

This clarification was made in a statement sent out by the Director Corporate communication of CBN, Mallam Ibrahim Mu'azu yesterday January 21st.