The Real Cost Of Transferring ₦10,000 — Updated [may 2024] - Business - Nairaland
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| The Real Cost Of Transferring ₦10,000 — Updated [may 2024] by Studentcosmos(m): 3:17pm On May 07 |
THE REAL COST OF TRANSFERRING ₦10,000 — UPDATED [MAY 2024] 🚩SENDER: Cybersecurity levy: ₦50 Transfer fee: ₦25 7.5% VAT fee: ₦1.88 SMS Notification: ₦4 Total cost to Sender: ₦80.88 🚩RECEIVER: Stamp duty (EMTL): ₦50 SMS Notification: ₦4 Total cost to Receiver: ₦54 🚩TOTAL COST: ₦134.88 Sender: ₦80.88 Receiver: ₦54 Both Sender & Receiver bear ₦134.88 as the transfer cost of ₦10,000. Real value exchanged: ₦9,865.12 |
| Re: The Real Cost Of Transferring ₦10,000 — Updated [may 2024] by Studentcosmos(m): 3:18pm On May 07 |
Which way Nigeria? |
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