- The Nigerian government has directed commercial banks to begin deducting stamp duty charges on mortgage-backed loans
- The new directive comes as the government seeks to ramp up revenue and boost fiscal performance
- Commercial banks notified their customers of the new charges, saying that the new charges do not affect previously approved loans
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The Nigerian government has directed commercial banks to immediately deduct a 0.375% stamp duty charge on all mortgage-backed loans and bonds.
