Channels Television
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Banks & Fintechs To Charge VAT On Transfers, Here’s What You Need To Know
Posted
January 15, 2026
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5,944
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January 15, 2026
5,944
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10:17Now PlayingStarting soon: Nigerians will pay VAT on mobile and USSD transfers.
Banks and fintechs are set to collect 7.5% VAT on certain transaction fees — but what does this mean for your wallet and everyday banking?
In this video, we break down the new charges, who it affects, and how to stay ahead of the changes.
Stay informed and don’t let unexpected fees catch you off guard!
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