Banks to report transactions above N5m monthly under new tax law effective 2026

Tribune Online
Banks to report transactions above N5m monthly under new tax law effective 2026

Nigerian banks have been mandated to report all customer accounts with monthly transactions exceeding N5 million to the country’s tax authorities, according to the latest update from the National Orientation Agency (NOA). This directive was part of a sweeping tax reform signed into law, aimed at improving tax compliance, curbing financial irregularities, and aligning Nigeria’s […]

Banks to report transactions above N5m monthly under new tax law effective 2026
Tribune Online