Lady Cries Over ₦50 Deduction on ₦16,000 Transfer
A Nigerian lady shared her shock after an extra ₦50 was deducted from a ₦16,000 transfer under the new tax law. See the online reactions and what this means for you.
Category : Search result: electronic transaction fees
Lawyer Abroad Reveals Access Bank Charges on N200k Transfer
A Nigerian lawyer in Dublin shares receipts showing Access Bank charges for sending money home. She hopes new tax laws will bring development. See the breakdown and reactions.
Market Woman's 'Gift' Advice on New Tax Law Goes Viral
A young Nigerian man's encounter with a market woman over the new 2026 tax law has sparked online debate. She advised labeling a transfer as a 'gift' to avoid deductions. Read the full story and public reactions here.
Nigeria's Food Insecurity Crisis: Expert Analysis
Prof. Bosede Lawal reveals why 26m Nigerians face food insecurity and outlines solutions like NEEP and extension service funding. Read the full analysis.
Viral 'Periwinkle' Bank Transfer Description Sparks Online Debate
A Nigerian lady's hilarious 'periwinkle' bank transfer description goes viral on X, sparking a crucial online debate about the importance of transaction narrations in Nigeria.
Man's 2026 Transaction: No Tax Deduction on N20k
A Nigerian man shares his experience sending N20k in 2026, debunking tax deduction fears. He urges verification of new tax laws amidst online misinformation.
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.
Gombe Pays N665m for 23,873 Students' Exams
Gombe State government has approved N665 million to cover SSCE fees for 23,873 students. The move aims to remove financial barriers and boost education in the North-East. Read more.
New ₦50 Stamp Duty Shifts to Senders from January 2026
OPay, PalmPay, Moniepoint, and major banks notify Nigerians of a key tax change. From January 1, 2026, senders will pay a ₦50 stamp duty on transfers of ₦10,000 and above. Learn the details and exemptions.
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.
FG Clarifies: No Tax Monitoring via Bank Transaction Narrations
Federal Government dismisses claims of monitoring personal bank accounts for tax. Small businesses under ₦12m turnover are exempt. Experts advise clear transaction descriptions.
Banks to Charge N50 Stamp Duty from Jan 1, 2026
Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.
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.
NNPC Profit Hits N5.4tn as Directors' Pay Soars 58%
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
Bank Transfer Costs to Rise in Nigeria from 2026
Starting January 2026, Nigerians will pay higher charges for online transfers as the government reintroduces stamp duty. Find out how this policy shift will impact your wallet.
FG Targets N2b Savings as MDAs Go Paperless
The Federal Government projects over N2 billion savings in 2026 through digital workflows. MDAs face a paperless deadline, cutting stationery costs and boosting transparency. Read more.
Bollywood Profits Squeezed by Star Fees, Entourages
Bollywood producers reveal how stars' multi-million dollar fees and lavish demands for entourages and trailers are crippling film finances. Discover the industry's call for change.
FG to Save N2bn as MDAs Go Paperless by 2025
The Federal Government projects savings exceeding N2 billion in 2026 as Ministries, Departments, and Agencies transition to a fully digital Electronic Content Management system, eliminating paper-based processes.
House Approves Jail, 10-Year Ban for Vote Buyers
Nigeria's House of Representatives has passed stricter penalties for electoral offences, including jail terms and a 10-year election ban for vote buyers. The reforms also mandate real-time electronic transmission of results.
Boy Fakes Kidnapping, Extorts N1.7m from Mother
Lagos police arrest five suspects, including a 15-year-old boy, for staging a fake kidnapping to extort N1.7 million ransom from his mother. Full details of the elaborate scam revealed.
Agriculture Ministry Launches Digital Document System
Minister Kyari launches Electronic Document Management System to boost transparency, efficiency, and support Nigeria's goal of a fully digital civil service by 2030.
Group Storms ICPC, Demands Probe of NMDPRA Chief
A civil society group storms ICPC, demanding an urgent probe into allegations that NMDPRA boss, Engr. Farouk Ahmed, spent $5m on his children's Swiss education. Read the full story.
House of Reps Faces Confusion Over Constitutional Amendment Vote
The House of Representatives is in confusion over the voting process for the 1999 Constitution amendment. Speaker Abbas and Deputy Speaker Kalu gave conflicting signals on electronic voting readiness. Read the latest.
Dangote Accuses NMDPRA Boss, Petitions ICPC Over $5M Fees
Aliko Dangote petitions ICPC, alleging NMDPRA CEO Farouk Ahmed paid $5m in school fees. A social media user explains the clash stems from refinery policy constraints. Read the full story.
NMDPRA CEO Denies Statement, Faces ICPC Probe Over Fees
NMDPRA CEO Farouk Ahmed denies issuing a statement on his children's foreign school fees as Dangote petitions ICPC. The House of Representatives also launches a probe. Get the full story.
Dangote Seeks ICPC Probe of NMDPRA MD Over $7M
Aliko Dangote petitions ICPC, alleging NMDPRA MD Farouk Ahmed misused public funds for children's Swiss tuition. Lawyers group condemns 'media trial'. Full story.
Protests Erupt Over NMDPRA Boss's $5M School Fees
Civil society groups announce coordinated protests in Nigeria, New York, and London, demanding NMDPRA CEO Farouk Ahmed's removal over alleged $5 million school fees scandal. Join the call for accountability.
Wife Prostrates to Thank Husband for £34,000 UK Master's Fees
A heartwarming video shows a Nigerian lady prostrating to celebrate her husband who sponsored her UK Master's degree with £34,000. The touching act of gratitude has gone viral online.
Peter Obi to Pay NECO Fees for 148 Anambra Inmates
Peter Obi pledges ₦4.7m for NECO fees of 148 inmates in Anambra, championing education as key to rehabilitation. Read how this intervention gives second chances.
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