Nigerians to pay 7.5% VAT on mobile transfer, USSD from next week

The federal government will start the collection of Value Added Tax of 7.5 percent on selected banking services, including mobile bank transfers and USSD transactions, from January 19, 2026. A notice sent to customers of Moniepoint yesterday said this followed a new government-backed regulatory directive. According to the notice, the development is tied to a

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