News FG Orders Banks, Fintechs to Collect 7.5% VAT on Electronic Services from Jan 19 Federal Government has directed all banks and fintech companies to begin collecting and remitting a 7.5 per cent Value Added Tax (VAT) on specific... Franklin NdibeJanuary 15, 2026
E-Financial Banks to Impose N50 Stamp Duty on Transfers of N10,000 and Above from January 1 Commercial banks in Nigeria will begin charging a N50 stamp duty on electronic transfers of N10,000 and above starting January 1, 2026, in line... Franklin NdibeDecember 31, 2025
E-Financial FIRS Directs Banks to Deduct EMTL on Foreign Currency Transactions Federal Inland Revenue Service (FIRS) has directed deposit money banks to deduct and remit Electronic Money Transfer Levy (EMTL) on foreign currency (FCY) transactions... Ravenewsonline EditorDecember 19, 2023