If you’ve seen headlines about a 7.5% VAT on bank transfers in Nigeria, you’re probably asking: Is the government taxing my money now? The short answer is no. Many people are misreading the update on VAT on mobile transfers, VAT
Happy New Year, but let’s be honest from the start. Nigeria economy in 2026 is not built for noise, vibes, or guesswork. It is built for structure. If you don’t understand what has already changed in Nigeria’s financial and policy
There’s a growing misconception online that bank transfer narration and tax in Nigeria are directly linked that simply writing “gift,” “loan,” or “support” in your narration protects you from tax. It doesn’t. To truly understand does bank narration affects tax
