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.
Category : Search result: N50 levy
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.
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.
Nigeria's Mandatory Car Recycling Fee Starts 2026
From 2026, Nigerians will pay a mandatory vehicle recycling fee at registration. The policy aims to generate over N150bn yearly, create jobs, and regulate used car imports. Get all 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.
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.
New Fuel Taxes in 2026 to Raise Petrol, Diesel Prices
President Tinubu's government plans a 15% levy on imported petrol and diesel, plus a 5% fossil fuel surcharge from 2026. Experts warn of soaring costs for Nigerians. Full analysis inside.
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.
FG Introduces Compulsory Vehicle Recycling Fee for 2026
The Nigerian government announces a mandatory vehicle recycling fee starting 2026 to tackle abandoned cars and formalise the auto recycling sector, projecting over ₦150bn in annual revenue.
FIRS Clarifies 4% Development Levy on Imports
The FIRS clarifies the 4% Development Levy is a consolidation of existing charges, not a new tax. Read details on exemptions, free trade zones, and reactions from Nigerian importers.
FIRS Explains 4% Levy, Says It's Not an Additional Tax
The FIRS clarifies that Nigeria's new 4% development levy consolidates existing charges, aims to simplify compliance, and boost investment. Learn how the tax reforms affect businesses and FTZs.
Aba Traders Protest 'Unjustifiable' Levies Under Governor Otti
Aba traders face hardship as government operatives impose high levies and seal shops at night. APC chieftain Paul Ikonne condemns the actions as tyrannical. Read more.
FG Opens N50m Student Grant Portal for Entrepreneurs
Federal Government launches Student Venture Capital Grant portal offering up to ₦50 million equity-free funding for Nigerian student entrepreneurs in STEMM fields. Apply now!
Court Strikes Out Nnamdi Kanu's N50bn Suit Against FG
Federal High Court dismisses Nnamdi Kanu's N50 billion rights violation case against Nigerian government due to lack of diligent prosecution. Read full details.
Bandit Leader Imposes N50m Levy on Katsina Towns
Notorious bandit Mustapha Babaro demands N50 million from Yargoje communities in Katsina, raising questions about peace deals effectiveness. Residents fear repercussions if deadline missed.
FG Opens N50m Student Grant Portal for STEMM Students
Nigerian undergraduates in STEMM fields can now apply for up to N50 million equity-free funding from the Federal Government's Student Venture Capital Grant. Applications are open.
RMAFC Probes Electronic Transfer Levy 2019-2022
Nigeria's RMAFC investigates Electronic Money Transfer Levy disbursements from 2019-2022 to ensure transparency and accountability in revenue collection for all government tiers.
4 Economic Policies Tinubu Suspended After Backlash
President Tinubu's administration suspended 4 major economic policies following public outcry. Learn about the reversed decisions and their impact on Nigeria's economy.
TETFund opens N1.39bn female hostel in Rivers
TETFund has commissioned a new N1.39 billion, 244-bed female hostel at Ken Saro-Wiwa Polytechnic, Bori, to ease student accommodation. The N50m student grant is also on track.
VFD Group Redeems N12.8bn CP, Strengthens Position
VFD Group Plc successfully redeems N12.83 billion Series 5 Commercial Paper, demonstrating strong liquidity and financial discipline ahead of Rights Issue closing.
FG Opens N50m Student Venture Capital Grant Portal
Nigerian students can now apply for the FG's N50 million equity-free venture capital grant. Applications open at svcg.education.gov.ng for STEMM innovations with Google partnership benefits.
Ondo Assembly Members Pass No-Confidence Vote on Speaker
Ondo State House of Assembly in crisis as 12 lawmakers pass vote of no confidence against Speaker Olamide Oladiji over alleged N50m misappropriation. EFCC investigation demanded.
Ghana Scraps Covid Levy, Cuts VAT to Boost Economy
Ghana abolishes its Covid-19 Health Recovery Levy and reduces VAT to stimulate growth, returning GHS 5.7 billion to citizens. A tragic stampede at a military recruitment event in Accra leaves six dead.
TETFund: N50M Student Research Grant Still Available
TETFund executive secretary Arc. Sonny Echono confirms the N50 million research and innovation grant for Nigerian students remains accessible, dismissing speculation about its discontinuation.
Tinubu's ₦15 Fuel Levy Praised as Job Protection Move
Nigerian economic experts applaud President Tinubu's strategic ₦15 fuel import levy, calling it a revolutionary move to safeguard local jobs and boost economic sovereignty
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