Categories BLUE UPDATE Nigerian Banks Introduce 7.5% VAT on Transfers and USSD Transactions Post author By bibbybeau Post date 15 January 2026 No Comments on Nigerian Banks Introduce 7.5% VAT on Transfers and USSD Transactions Several Nigerian banks, including Moniepoint, have announced plans to begin charging a 7.5 percent Value Added Tax (VAT) on bank transfers and USSD transactions, in line with a new government directive. Tags 7.5% VAT on bank transfers, bank transfer fees Nigeria, Moniepoint VAT update, Nigeria Revenue Service VAT, Nigerian banks VAT, USSD transaction charges Nigeria
