Starting Monday, January 19, it will cost more to send money in Nigeria. The Nigerian Revenue Service (NRS) has decided to impose a 7.5% Value Added Tax (VAT) on all mobile transfer fees. This change affects many Nigerians who use OPay, Moniepoint, and traditional banking apps for daily transactions like buying food and paying school … Continue reading Nigeria Adds 7.5% VAT to Bank and Fintech Transfer Fees From January 19