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BREAKING: Nigerians to Pay 7.5% VAT on Mobile 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, starting January 19, 2026, following a new directive from tax authorities. The development was disclosed in a customer notice issued on Wednesday by Moniepoint, which said the directive mandates financial institutions to […]