N41bn Stamp Duty With CBN Not N20trn - Senator     Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Uba Sani, has said only about N41 billion had been deposited by banks into the Stamp Duty Collection Account with the Central Bank of...

NIPOST Staff Fault Ceding Stamp Duty To FIRS   Workers of the Nigerian Postal Service on Thursday staged a protest at the headquarters of the Ministry of Finance over the plan by the Federal Government to cede stamp duty collection to the Federal Inland Revenue Service. The...

FIRS Gets Approval To Collect Stamp Duty   The Federal Government has announced that the Federal Inland Revenue Service (FIRS) will automatically become an agency to collect the N50 Stamp Duty following the passage of the 2019 Finance Bill by the National Assembly which contains an...

Senate Probes CBN Over N20trn Unremitted Stamp Duty   The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20trn into the Federation Account by the Central Bank of Nigeria. The CBN, according to the red chamber, collected the amount as stamp duty...

Over Stamp Duty, RMAFC To Order Probe Of Banks   Plans have reached advanced stage for the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to authorise a forensic investigation of the funds that have so far accrued to the Federal Government through the collection of stamp...

Nigerians may soon begin to pay higher for stamp duty going by a proposal before the National Assembly for an increase in the cost of postage stamps across the country. The 2004 Stamp Duties Act, which became effective in January 2016, tied the rate of...