🚨 7.5% VAT on Mobile Transfers and USSD Transactions Starts January 19 🚨 From January 19, 2026, Nigerians making mobile bank transfers or USSD payments will be charged a 7.5% VAT. The government-backed directive was shared by Moniepoint, detailing the new charges on electronic banking services. #VAT #NigeriaFinance #USSD #MobileBanking #BankingNews #FinanceUpdate #NigeriaEconomy #Moniepoint #BreakingNews

Nigerian Banks Announce Early Closures and Holiday Operations for Christmas and New Year 2025/2026" Nigerian banks and financial institutions have alerted customers of early branch closures and full-day shutdowns during the Christmas and New Year holidays. Following the Federal Government’s declaration of public holidays on December 25, December 26, and January 1, customers are advised to use ATMs, mobile apps, internet banking, and USSD services for transactions. Key banks, including Ecobank, Lotus Bank, and Wema Bank, have announced adjusted operating hours, with early closures on December 24 and December 31. Electronic banking channels remain fully operational to ensure seamless transactions throughout the festive period. Customers are encouraged to plan ahead and leverage digital banking services. #NigerianBanks #Christmas2025 #NewYear2026 #BankClosures

USSD Services: Telcos to charge subscribers directly from June 18. Telecom subscribers in Nigeria will now be charged directly by their mobile network operators for Unstructured Supplementary Service Data (USSD) services, starting Wednesday, June 18, 2025. This was made known in a statement signed by Mr Gbenga Adebayo, the Chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON), and the Publicity Secretary, Mr Damian Udeh.

Today's Biggest Headlines Here are some of the news that you shouldn’t miss this morning 1. Sallah: Tinubu promises economic rebound, urges prayers for soldiers 2. Trump’s new bill may slash Nigeria’s $21bn remittance 3. USSD war: Telcos oppose airtime charges for bank transfers 4. 2027: Tinubu-Shettima ticket intact, says APC 5. Wike targets elite tax evaders in renewed FCT crackdown 6. FG engages Japan for ¥15bn loan 7. Trafficked Edo girl reunites with family after five years 8. Motorists groan as Lagos gridlock bites harder 9. US shifting from aid to trade in Nigeria, others – Ambassador 10. Abiodun gifts Falcons, Lionesses N30m, eyes more hosting rights

NCC directs banks to deduct USSD transaction fees from users' mobile airtime.