Nigeria’s 7.5% VAT on bank and fintech services applies only to service fees, not the actual money in your bank account or the one you are spending. It covers transfers, USSD, cards, and POS charges. This VAT has always existed; it’s now shown transparently. Savings interest and essential goods are exempt. Stay calm, stay informed, and help stop misinformation. Your balance remains safe nationwide. Share facts with others. #Nigeria #Banking #Fintech #POS #reel #VAT #FinancialLiteracy