Nigerian Banks Announce 7.5% VAT on Bank Transfers, USSD Transactions
Several Nigerian banks, including Moniepoint, have begun informing customers that a 7.5 percent Value Added Tax will now apply to ...
Tag: bank transfer charges
New Tax Law: Senders Now To Pay ₦50 Stamp Duty on Electronic Transfers from January 1,2026
Starting January 1, 2026, Nigerian banks will begin charging a ₦50 stamp duty fee on electronic money transfers of ₦10,000 ...
