3 d. ago VAT applies only to bank service charges, not transfers — NRS

The Nigeria Revenue Service clarifies that the 7.5% VAT on bank charges applies only to service fees, not the total amount of customer transfers. Read More: https://punchng.com/vat-applies-only-to-bank-service-charges-not-transfers-nrs/

Politics

5 d. ago Savings in bank accounts won’t be taxed, only profits — NRS boss

Nigeria’s Revenue Service chief clarifies new tax laws. Your bank savings are safe from taxes; only profits are taxed, not personal funds or transfers. Read More: https://punchng.com/savings-in-bank-accounts-wont-be-taxed-only-profits-nrs-boss/

Economics

5 d. ago Cool Microfinance Bank Opens Headquarters in Lagos, Begins Operations

Cool Microfinance Bank Limited has officially opened its headquarters in Lagos, marking the start of its banking services in Nigeria. read more Cool Microfinance Bank Opens Headquarters in Lagos, Begins Operations

Politics

1 week ago Switzerland Freezes Assets Of Deposed Venezuelan President Maduro

The Swiss government, on Monday, announced the immediate freezing of any assets held in Switzerland by deposed Venezuelan President Nicolas Maduro and his associates. Switzerland said the decision followed Maduro’s seizure in Caracas during a shock United States military operation and his subsequent transfer to New York to face narco-trafficking charges. Describing the situation as […]

Politics

2 w. ago Airvend named among BusinessDay Top 100 Fastest Growing SMEs

Airvend Payment Services Limited, a Central Bank of Nigeria licensed fintech company providing digital payment solutions, has been named on read more Airvend named among BusinessDay Top 100 Fastest Growing SMEs

Politics

2 w. ago Banks to charge ₦50 stamp duty on transfers above ₦10,000 from January 1

Learn about the new ₦50 stamp duty in Nigeria on electronic transfers above ₦10,000. Find out how the Tax Act affects your bank transactions. Read More: https://punchng.com/banks-to-charge-%e2%82%a650-stamp-duty-on-transfers-above-%e2%82%a610000-from-january-1/

Politics

2 w. ago Banks To Charge Senders N50 Stamp Duty On Transfers Above N10,000 From January 2026

Banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026, following the implementation of the Tax Act. The stamp duty or electronic money transfer levy (EMTL) is a single, one-off charge of N50 on electronic receipt or transfer of money deposited in any commercial money […] The post Banks To Charge Senders N50 Stamp Duty On Transfers Above N10,000 From January 2026 appeared first on Information Nigeria.

Politics

2 w. ago Ecobank Warns of Festive Season Scams, Assures Of Seamless Digital Banking

Ecobank Nigeria has warned customers to be on alert with increased scam activities during the festive period while assuring them of seamless access to banking services through its digital platforms. The bank said, customers will continue to enjoy uninterrupted banking services throughout the year end holidays despite adjusted working hours at physical branches in line […]

Events

4 w. ago CBN moves to ease foreign card usage for tourists, returning Nigerians

orders banks, financial institutions on uninterrupted ATM, POS services for foreign cards The Central Bank of Nigeria (CBN) has issued read more CBN moves to ease foreign card usage for tourists, returning Nigerians

Politics