The investing public has been notified that effective from Monday, December 7, 2020, the Stamp Duty rate on all Capital Market transactions will be adjusted to 0.08% from the current rate of 0.075%.
This development is in compliance with the directive of the Federal Inland Revenue Services (FIRS) to regulators and operators in the Nigerian Capital Market as contained in a circular by the Nigerian Stock Exchange (NSE) marked NSE/RD/BRD/CIR12/20/11/17.
Hence, all transactions in the Nigerian Capital Market effective from December 7, 2020, will attract a Stamp Duty deduction rate of 0.08% as against the current 0.075%.