Experts Clarify N50 Stamp Duty on Transfers, Not Balances
Tax authorities clarify that the new N50 stamp duty applies only to electronic transfers, not bank balances. Learn about exemptions, VAT rules, and rent relief under Nigeria's 2025 Tax Act.
Category : Search result: N50 billion capital base
UBA Beats CBN's N500bn Capital Target Early
United Bank for Africa (UBA) has officially exceeded the Central Bank's N500bn capital requirement for international banks. The feat, achieved via a N178.3bn rights issue, positions UBA for expansion ahead of the March 2026 deadline. Read the full details
New N50 Stamp Duty Charge Sparks Debate After Wike Aide's Post
Lere Olayinka, an aide to FCT Minister Wike, reported a N53.75 deduction on an N80,000 transfer, igniting debate on new stamp duty rules. Banks clarify the sender now pays the N50 fee for transfers above N10,000. Read full details.
GTBank: Sender Pays N50 Stamp Duty on Transfers
GTBank has notified customers of a key change to the N50 stamp duty on electronic transfers under the new Nigeria Tax Act 2025. Find out what transactions are exempt.
RMB Nigeria Meets CBN Capital Requirement Ahead of Deadline
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
Banks Alert Customers on New N50 Stamp Duty Rule
GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.
FirstBank Meets CBN's N500bn Capital Requirement Ahead of Deadline
FirstBank has successfully met the CBN's N500 billion capital requirement ahead of schedule. The move strengthens its financial base for sector support and expansion. Read more.
Nigeria's 2026 Tax Reforms: Anxiety & Reform Fatigue
Analysis of Nigeria's new 2026 tax laws reveals public anxiety driven by reform fatigue, legal uncertainty, and pressure on SMEs. Can trust be rebuilt?
APC Threatens New Corruption Claims Against Oyo PDP
Oyo APC threatens to expose fresh mismanagement allegations against Governor Seyi Makinde's administration over N50bn Ibadan explosion relief fund and federal allocations. Read the full details.
Man Avoids New 2026 Bank Charge by Sending N9,999
A Nigerian man's viral post shows how he avoided the new N50 electronic transfer levy by sending N9,999. His action has ignited a fierce online debate about the 2026 tax laws. Read more.
Man Cries Out Over N50 Tax on N10k Transfer in 2026
A Nigerian man raises alarm after N50 was deducted for a N10,000 transfer, signaling the start of new 2026 tax laws. Get the full story and public reactions here.
Banks Announce New N50 Stamp Duty on Electronic Transfers
Nigerian banks have notified customers of a new N50 stamp duty on electronic transfers of N10,000 and above, effective January 1, 2026. The charge is payable by the sender. Learn the details and exemptions.
N50 Stamp Duty on Bank Transfers Starts 2026
From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.
New N50 Stamp Duty on Bank Transfers Starts Jan 1
Nigerians will pay a new N50 government levy on electronic transfers above N10,000 from January 1, 2026. Learn how it works and its impact on your finances.
RusselSmith Fully Repays N3bn Series 1 Commercial Paper
RusselSmith Nigeria Limited has successfully repaid its N3 billion Series 1 Commercial Paper, fulfilling all investor obligations on schedule. This milestone reinforces its credibility in Nigeria's capital markets. Discover the details.
Makinde aide refutes N50b claim, cites political motive
Oyo Governor's media aide debunks N50b fund allegation, explains N30b was used for Bodija blast recovery. He links attacks to Makinde's 2027 stance. Read the full facts.
APC to Makinde: Account for N50bn Ibadan Fund or Resign
Oyo APC challenges Governor Seyi Makinde to explain the N50 billion Ibadan explosion relief fund allegedly received from President Tinubu or resign. Details of the allegations and the governor's response.
Fayose: Proof Makinde Got N50bn From Tinubu
Former Governor Ayo Fayose has released documents alleging Oyo State Governor Seyi Makinde received N50bn from the Tinubu administration. He challenges Makinde to sue him. Read the full details.
US Soldier Warns Sokoto Terrorists After US Strike
A Nigerian-born US soldier's viral warning to terrorists in Sokoto sparks reactions. Get the full story on the message sent hours after a confirmed US military strike.
Senator Bamidele Donates N50m, Food to Ekiti for Christmas
Senate Leader Opeyemi Bamidele spreads festive cheer with N50 million cash and thousands of bags of rice, beans to all 177 wards in Ekiti State. Read about the massive distribution.
SEEDAN Praises Tinubu's N50bn Seed Industry Fund
SEEDAN lauds President Tinubu for approving a N50 billion catalytic fund to strengthen Nigeria's seed sector, boost agribusiness, and enhance national food security. Learn how this impacts farmers.
Fidson Healthcare Plans N21 Billion Capital Raise
Fidson Healthcare Plc announces a N21 billion rights issue to boost manufacturing and African expansion. The offer is priced at N35 per share for existing shareholders. Read more.
Fintiri Presents N583bn 2026 Budget to Adamawa Assembly
Governor Ahmadu Umaru Fintiri presents a N583.3 billion 2026 budget focused on capital projects and social programmes. Read the full breakdown of allocations for Adamawa State.
Fubara Confirms ₦600bn in Rivers State Treasury
Governor Siminalayi Fubara confirms Rivers State has ₦600bn in its coffers, pledges detailed public accounting of all funds and project spending. Read the full report.
Fubara: ₦600bn in Rivers Coffers After Emergency Rule
Governor Siminalayi Fubara reveals he met over ₦600 billion in Rivers State's treasury after emergency rule, defending his administration's transparent spending. Read details of the executive-legislature tension.
The Weeknd's $1B Music Deal Explained
The Weeknd's $1 billion catalogue deal with Lyric Capital is a strategic partnership, not a sale. He retains creative control and ownership, setting a new standard for artist equity in the music industry.
Drake Breaks His Own Spotify Annual Streaming Record in 2025
Hip-hop superstar Drake has set a new record for the most Spotify streams by a rapper in a single year, surpassing 17.6 billion in 2025. Discover the strategy behind his massive success.
Reps summon 3 DisCos over N100bn debt to FG
The House of Representatives Public Accounts Committee has summoned IBEDC, BEDC, and PHEDC over an alleged N100 billion debt. The companies have 72 hours to appear or face sanctions. Read more.
FG Takes Over N47bn Abandoned Kano Road Project
The Federal Government has approved N47 billion to reconstruct the long-abandoned 6.7km Wuju-Wuju Jakara road in Kano, a project started in 2013. Read more about this major infrastructure revival.
Elon Musk's Net Worth Surpasses $600 Billion
Elon Musk makes history as the first person to achieve a $600 billion net worth. Discover how Tesla, SpaceX, and AI ventures fueled this unprecedented wealth milestone.
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