Banks will deduct 10% withholding tax on foreign currency interest from today
Nigerian banks will begin deducting 10 per cent withholding tax on interest earned from foreign currency deposits from 1 January 2026, aligning with the Nigeria Tax Act, 2025. Access Bank notified customers on Wednesday t
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Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
