BREAKING: Nigerians To Pay 7.5% VAT On Mobile Bank Transfers, USSD Transactions From January 19
Nigerians will 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. This is disclosed in a notice sent to customers on Wednesday afternoon by Moniepoint, informing users of the impending implementation of the…
