From 2026, Naija banks go dey charge less – Oyedele don talk!

Abuja, Nigeria – Big news come land o! From January 2026, millions of Naija people go dey enjoy alpha relief as Federal Government don talk say five common bank charges go disappear like magic. This one na part of President Bola Ahmed Tinubu’s sweet fiscal overhaul wey dem sign into law for June 26, 2025.

According to Taiwo Oyedele, wey be the big man for Presidential Committee on Fiscal Policy and Tax Reforms, this new law no be joke. E go make am easier for citizens to manage their money, and e go affect plenty transactions wey dey happen for daily basis. So, all dem charges wey dey vex people for banks go soon become history!

First off, dem go scrap the ₦50 Electronic Money Transfer Levy (EMTL) wey dem dey collect for transfers wey pass ₦10,000. Na big win be this o! Shakara wey dey follow electronic transactions go reduce, plus e go encourage more Naija people to dey use digital payments. Na so financial inclusion go increase, and everybody go fit enjoy low-level transfers without extra wahala.

And e no finish there! From January too, all dem stamp duty charges wey workers dey pay when dem transfer salary go clear. You don see am? Workers go now dey chop their full salaries while small businesses go fit save money wey dem dey spend all this time managing these charges. Small and medium-sized enterprises go thank dem later.

Again, if you dey buy or sell treasury bills, government bonds, and shares, come 2026, dem no go charge you again. So, all dem stamp duties wey dey make investment hard go bye-bye! Na so dem go fit enjoy plenty people entering the capital market, wey dey help our economy stand gidigba.

Plus, any transfer wey you dey do within the same bank no go carry any ₦50 fee again. That means you fit shift your money from your account to your paddy account without any wahala. This one go help individual and business manage dem cash flow beta.

Oyedele talk say all these reforms dey based on the new Nigeria Tax Act 2025 wey go come into effect, and e go cancel earlier rules wey show for Stamp Duties Act and the Finance Act 2020. Wetin dis one mean be say, na the time for Naija citizens to breathe small and keep more money for pocket don finally come.

Abeg, make sure say you tell your padi, your mama and anybodi wey fit benefit from this big news. Financial relief dey come, and e go better!