Nigerian Man Explains New 7.5% VAT on Bank Transfers
A Nigerian man clarifies how the new 7.5% VAT on mobile transfers, USSD, and POS works. Learn how it impacts service fees and what it means for your daily transactions.
Category : Search result: digital banking fees
New 7.5% VAT on Mobile, USSD Bank Fees Starts Jan 19
Financial expert explains new 7.5% VAT on mobile & USSD bank fees from January 19, 2026. Learn how it impacts your transfers alongside N50 stamp duty.
New 2026 Bank Charges: VAT, Stamp Duty Explained
Starting 2026, Nigerians face new costs: a 7.5% VAT on mobile/USSD fees and a ₦50 stamp duty on transfers above ₦10,000. Learn all the details and how to plan for higher digital banking expenses.
Nigerian Army College of Nursing Yaba Fees & Admission 2026
Complete guide to Nigerian Army College of Nursing Yaba school fees, courses, and admission requirements for 2026/2027. Learn about costs from ₦550,000 and how to apply.
New 7.5% VAT on Mobile, USSD Bank Transfers in Nigeria
Nigerians will pay a 7.5% VAT on mobile transfers and USSD banking from January 2026. Fintech firm Moniepoint clarifies it's a government directive, not a price hike. Consumer groups warn of financial strain.
NSC Suspends Port Charges Increase After Protest
The Nigerian Shippers' Council orders shipping firms to suspend new charges after protests. Get the latest on the fee adjustments and regulatory action.
Nigerian Bank Plans 500 New Branches for Ethical Finance
The Alternative Bank (AltBank) unveils an ambitious plan to expand to 500 branches nationwide by 2026, targeting financial inclusion and ethical, non-interest banking services for all Nigerians.
Man Accused of Taking Child's School Fees in Viral Call
A viral phone call exposes a man accused of collecting school fees meant for his child. The donor, frustrated, reveals the child missed a term. Watch the heated exchange unfold.
Three Nigerian Banks Set for Merger as CBN Deadline Nears
Nigeria's banking sector faces consolidation as three mergers are expected before the March 2026 recapitalisation deadline. Tier-2 banks scramble for survival amid fintech disruption and regulatory pressure. Read the full analysis.
Wema Bank Upgrades ALAT Digital Platform
Wema Bank Plc has launched an upgraded version of its ALAT digital banking platform, featuring voice commands and contactless payments. Discover the new smart features.
Cheap Canadian Universities for International Students 2026
Discover the top 15 cheapest universities in Canada for international students in 2026, with tuition fees from CAD 710 per semester. Get details on fees, contacts, and financial aid.
SA Woman Laments Costly $314 Nigerian Tourist Visa
A South African TikToker expresses shock at paying $314 for a single-entry Nigerian tourist visa, calling it her most expensive ever. She plans to experience Nigerian culture in 2026.
Hellen Ati Calls Out Cubana Chief Priest Over Son's Fees
Hellen Ati, the Kenyan woman claiming to be Cubana Chief Priest's baby mama, publicly demands he pays their alleged son's school fees, accusing him of blocking her TikTok gifters. Read full details and reactions.
Johnny Drille: 'Kids Are Very Expensive'
Nigerian singer Johnny Drille opens up about the financial strain of parenting after paying his daughter's school fees, even considering releasing seven albums in a year to cope. Read his candid take.
Nigerian Boy Uses School Fees to Buy Bitcoin, Dad Rages
A Nigerian father was left furious after discovering his son used his entire school fees to invest in Bitcoin. The viral story has sparked intense online debate about risky investments and financial responsibility among youths.
FG Committee to Empower 1 Million with Digital Skills
The Federal Government has inaugurated a Joint Implementation Committee to oversee the training of one million Nigerians in digital skills, aiming for 95% digital literacy by 2030. Read more.
Lovonus MFB Launches Tech-Driven MSME Credit Plan
Lovonus Microfinance Bank unveils a five-year, technology-driven strategy to expand credit access for MSMEs and cooperatives. MD Adeola Ayibiowu details plans for digital growth and portfolio resilience. Read more.
Opay App Update: Users Rejoice Over N9,999 Transfer Option
A Nigerian Opay user sparked online excitement after noticing a new N9,999 transfer option in the app. See the viral reactions and what it means for digital banking in Nigeria.
229 Bank Branches Closed as PoS Takes Over in Nigeria
Nigerian banks closed 229 physical branches in 2024 as digital banking booms. PoS transaction volume jumped 33%, while 1.8 million operators face a registration deadline. Discover the full story of Nigeria's banking transformation.
Kogi's Akpa gives N100k school support, preaches peace
Prominent Kogi businessman Stephen Achema Akpa calls for national unity and launches a N100,000 school fees initiative for Kogi students in his 2026 New Year message. Read his full vision for Nigeria.
Lawyer Abroad Reveals Access Bank Charges on N200k Transfer
A Nigerian lawyer in Dublin shares receipts showing Access Bank charges for sending money home. She hopes new tax laws will bring development. See the breakdown and reactions.
New Cash Withdrawal Limits & Fees for Nigerian Bank Customers
Nigerian banks like Access, UBA, GTB enforce new CBN cash withdrawal limits from Jan 1, 2026. Weekly limits set at N500k for individuals, N5m for corporates, with fees for excess. Details inside.
Gombe Pays N665m for 23,873 Students' Exams
Gombe State government has approved N665 million to cover SSCE fees for 23,873 students. The move aims to remove financial barriers and boost education in the North-East. Read more.
FirstBank CEO Explains Digital Innovation Drive
FirstBank CEO Olusegun Alebiosu unveils a 24/7 Digital Xperience Centre at UNIBEN, enhancing customer flexibility and financial inclusion without job losses. Discover the future of banking.
NNPC Profit Hits N5.4tn as Directors' Pay Soars 58%
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
Banking Trust Relies on Cybersecurity & AI - Union Bank CITO
Union Bank's Wale Williams highlights AI-driven cybersecurity and regulatory compliance as pillars for sustaining customer trust in Nigeria's expanding digital banking sector.
Banks Shut Branches for Christmas, Urge Digital Banking Use
Nigerian banks and capital market firms will close physical branches for Christmas. Customers are advised to use mobile apps, USSD, and online platforms for uninterrupted services.
Banks to Close Early for Festive Holidays, Urge Digital Use
Nigerian banks will close branches early on Dec 24 & 31 and fully on Dec 25 & Jan 1. Customers advised to use ATMs, mobile apps, and USSD for transactions during the public holidays.
Bollywood Profits Squeezed by Star Fees, Entourages
Bollywood producers reveal how stars' multi-million dollar fees and lavish demands for entourages and trailers are crippling film finances. Discover the industry's call for change.
PalmPay's ₦400m Festive Campaign Offers Travel Prizes
PalmPay unveils a ₦400 million festive rewards campaign, offering users cash prizes and all-expense-paid international trips for everyday app transactions. Join the World Travel Carnival from Dec 17 to Jan 8.
Page 1 of 4