Bank Customers Unhappy as New VAT Charges Begin
Nigerian bank customers express frustration as commercial banks implement 7.5% VAT on electronic services, adding to existing fees. Calls grow for CBN oversight. Read the full report.
Category : Search result: electronic transaction fees
New 7.5% VAT on Mobile, USSD Bank Charges Kicks In
Nigeria enforces 7.5% VAT on digital banking service fees from Jan 19, 2026. Learn how it affects your mobile transfers and USSD transactions, and who will feel it most.
ATM Withdrawals Jump 198% to ₦36.34 Trillion in H1 2025
Nigerians' ATM cash withdrawals surged to ₦36.34 trillion in H1 2025, defying CBN's fee hikes. Public backlash grows as policy hits low-income earners hardest. Discover the data and implications.
How Long & How Much for a Nigerian Passport in 2026
Complete guide to getting a Nigerian international passport in 2026. Learn the updated fees (₦100,000-₦200,000), processing times (3-6 weeks), and step-by-step application procedure via the NIS portal.
Philomath University Abuja Fees 2025/2026
Philomath University Abuja has released its 2025/2026 school fees, ranging from ₦2.48M to ₦4.8M. Get the full breakdown for all courses, accommodation costs, and payment procedures here.
UNN, Students Agree on 60% Increase in Sundry Charges
UNN and its Student Union Government reach a truce, approving a 60% rise in sundry charges for 2025/2026. The deal includes payment instalments and no hostel fee increase. Read the full details.
Man Shares Agent's Rent List: 'Drink Fee' Causes Stir
A Nigerian man's quest to rent an apartment took a shocking turn when an agent sent a list including a 'drink fee'. See the full breakdown and public reactions.
Oduduwa University School Fees 2025/2026 Guide
Get the complete breakdown of Oduduwa University school fees for new and returning students for the 2025/2026 session. Learn about course-specific costs, payment procedures, and available scholarships to plan your education finances effectively.
7.5% VAT on Mobile, POS Fees Starts Jan 19
Nigerian banks will begin deducting a 7.5% Value Added Tax on fees for mobile transfers, POS, and other services from January 19, 2026. Learn what this means for your transactions.
AFIT School Fees 2026: Full Cost & Payment Guide
Get the detailed 2026/2027 school fees breakdown for AFIT Kaduna. Learn costs for new & returning degree/diploma students and the step-by-step payment procedure.
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.
Turkey Requests Access to Nigeria's E-Visa Platform
Turkey has formally requested to join Nigeria's electronic visa system to ease travel for businesspeople and strengthen bilateral relations. The move aims to resolve logistical hurdles for Turkish investors.
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.
Tambuwal Says Votes Don't Fully Decide Nigerian Elections
Ex-Speaker Aminu Tambuwal claims election outcomes are distorted during collation. He supports electronic transmission reforms and critiques party ideologies. Read the full analysis.
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.
NCC, CBN Launch 30-Second Refund Plan for Failed Airtime
Nigerian regulators NCC and CBN have launched a new framework mandating refunds within 30 seconds for failed airtime and data transactions. Implementation starts March 1, 2026. Read the full details.
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.
New N50 Stamp Duty Charge Sparks Debate After Wike Aide's Post
Lere Olayinka, an aide to FCT Minister Wike, reported a N53.75 deduction on an N80,000 transfer, igniting debate on new stamp duty rules. Banks clarify the sender now pays the N50 fee for transfers above N10,000. Read full details.
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.
GTBank: Sender Pays N50 Stamp Duty on Transfers
GTBank has notified customers of a key change to the N50 stamp duty on electronic transfers under the new Nigeria Tax Act 2025. Find out what transactions are exempt.
Banks Alert Customers on New N50 Stamp Duty Rule
GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.
Nigerian Mum Cries Out Over New Electronic Transaction Tax
A Nigerian mother of two expresses shock after nearly N100 was deducted as tax for a N25,000 transaction under the new federal laws implemented on January 1, 2026.
Man Avoids New 2026 Bank Charge by Sending N9,999
A Nigerian man's viral post shows how he avoided the new N50 electronic transfer levy by sending N9,999. His action has ignited a fierce online debate about the 2026 tax laws. Read more.
APC Kogi Starts Electronic Membership Registration
Kogi APC begins digital membership registration. Yahaya Bello urges party members to support President Tinubu's economic agenda. Exercise to cover all 21 LGAs.
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.
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