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    🇳🇬COST OF ELECTRONIC TRANSACTIONS

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    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 FEES: SENDERS bear…
    ₦10 on ≤₦5,000
    ₦25 on ₦5,001 — ₦50,000
    ₦50 on >₦50,000

    VALUE ADDED TAX: SENDERS bear…
    ₦0.75 on ₦10 Transfer fee
    ₦1.875 on ₦25 Transfer fee
    ₦3.75 on ₦50 Transfer fee

    SMS FEE: SENDERS & RECEIVERS bear…
    ₦4 on each electronic transfer notification

    All applicable on eligible electronic transactions

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