Mobile transfers, USSD to attract 7.5% VAT as new banking charges take effect January 19

Nigerians will reportedly begin paying a 7.5 per cent Value Added Tax (VAT) on selected banking services, including mobile bank transfers and USSD transactions, from January 19, 2026, following a new government-backed regulatory directive. The development was disclosed in a customer notice issued on Wednesday by digital financial services provider, Moniepoint, informing users of the

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