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: duty waiver
Nigeria Customs Announces Duty Waiver for Personal Vehicles
Nigeria Customs Service introduces a temporary import scheme for personal vehicles, allowing duty-free entry for up to 90 days for tourists and business visitors. Learn the rules and required documents.
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.
Kidman & Urban Finalise Divorce, Waive Support
Nicole Kidman and Keith Urban finalise their divorce, waiving all child and spousal support. Details of their co-parenting plan for daughters Sunday and Faith revealed. Read the full story.
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.
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.
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 Exposes Bank Tax Deduction Error in Viral Tweet
A Nigerian man's viral tweet exposes a puzzling N73.05 tax deduction by GTBank, sparking widespread debate on the new tax reforms and bank transparency. See the full story and reactions.
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.
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.
NNPC Debt Waiver: Only Penalties Forgiven
Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.
Group Slams FG Over NNPC's Multi-Trillion Naira Debt Waiver
CHRICED faults the Federal Government's waiver of $1.42bn and N5.57trn NNPC debt, calling it fiscally reckless and unconstitutional. Read the full details and demands for accountability.
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.
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.
Call of Duty Co-Creator Vince Zampella Dies in Car Crash
Vince Zampella, co-creator of Call of Duty, died in a fiery Ferrari crash near Los Angeles. The gaming legend was 55. Read the full story of his tragic passing and monumental legacy.
Nigeria Suspends 15% Fuel Import Duty Amid Backlash
The Nigerian government suspends a controversial 15% fuel import duty to avoid festive season price hikes. Experts warn of policy inconsistency and the need for long-term energy security. Read more.
Lawmakers Must Revisit Beverage Excise Bill, Experts Warn
Analysis reveals the proposed Customs, Excise and Tariff Amendment Bill lacks Nigeria-specific evidence, risks 1.5 million jobs, and contradicts fiscal stability goals. Lawmakers urged to pause for broader consultation.
Customs Imposes 3% Penalty on Banks for Late Duty Remittances
The Nigeria Customs Service announces a 3% penalty for banks delaying stamp duty remittances. Defaulters risk public exposure and deactivation from the B'odogwu platform. Read the full details.
Soft Drink Tax Hike Risks Jobs and Inflation, CPPE Warns
The CPPE warns Nigeria's proposed excise duty increase on beverages may trigger job losses and worsen inflation. Experts urge broader public health strategies instead. Read more.
Manufacturers Warn of Job Losses Over New Sugar Tax
Nigerian manufacturers oppose a Senate bill to raise sugary drink taxes to 20%, fearing massive job losses. Health Ministry backs the tax for public health funding. Read the full debate.
CPPE Slams Senate Over Proposed Beverage Tax Hike
The CPPE warns that the Senate's plan to increase excise duty on non-alcoholic drinks is economically disruptive and threatens jobs. They urge its withdrawal. Read more.
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.
Suspended 15% Import Duty Threatens Domestic Refining
The CPPE warns that suspending the 15% import duty on fuel and diesel jeopardizes Nigeria's domestic refineries and energy security. Learn why this policy reversal risks billions in investments.
FG Suspends 15% Import Duty on Petrol and Diesel
NMDPRA guarantees sufficient petroleum products during festive season, advises against panic buying as depots announce new prices. Stay informed on Nigeria's energy security.
EU Ends Duty-Free Chinese Imports Under €150
EU states agree to remove duty exemption on small parcels from China to combat unfair competition. New €2 handling fee and earlier 2026 implementation planned.
FG Suspends 15% Fuel Import Duty, Price Crash Looms
The Nigerian government has suspended the controversial 15% import duty on petrol and diesel. Experts predict this decision will lead to a significant drop in fuel prices across Nigeria. Read more for full analysis.
Oshiomhole: Don't Tax Nigerian-Made Beer, Goods
Senator Adams Oshiomhole argues for removing excise duty on locally produced goods like beer to boost Nigerian manufacturing. Read his compelling reasons and public reactions.
Page 1 of 2