UBA
Nigerians will face a new 7.5% VAT on digital banking services from January 2026, sparking concerns over financial strain amid criticism from consumer groups.
Nigeria's banking sector secures ₦5.142 trillion in the CBN recapitalisation drive, with 21 banks exceeding capital requirements ahead of deadline.
UBA surpasses the N500bn capital requirement ahead of CBN's March 2026 deadline, raising N178.3 billion with over 6,400 valid share acceptances, enhancing stability.
Nigerian banks including Access, UBA has informed customers they will pay N50 stamp duty on transfers of N10,000 and above from January 1, 2026, under new tax rules.
Nigeria's banks shutter 229 branches as digital banking thrives, with PoS transactions surging 33%. 1.8 million operators face shutdown as registration mandates loom
Nigerian banks introduce a 10% withholding tax on foreign currency deposit interest from January 1, 2026, amidst President Tinubu's tax reforms for a fairer system.
Instantly learn how to block a UBA account from another phone using the fast USSD code, Leo Chat Banking, or UBA customer care. Secure your funds now.
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