The Federal Government has directed all banks and financial technology companies to begin the collection and remittance of a 7.5 per cent value-added tax (VAT) on specified electronic banking services, effective Monday, January 19, 2026. The directive, conveyed through notices issued by payment platforms, applies to service charges on electronic transactions such as mobile money … Continue reading FG Directs Banks, Fintechs To Remit VAT On Electronic Service Fees