JUST IN: Nigerians to pay 7.5% VAT on bank transfers, USSD transactions from January 19

Nigerians will begin paying a 7.5 percent Value Added Tax (VAT) on selected banking services, including mobile bank transfers and USSD transactions,from January 19, 2026, following a new regulatory directive backed by the Federal Government. The development was disclosed in a notice sent to customers on Wednesday by Moniepoint…
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