NEWS
Banks To Deduct ₦50 Stamp Duty On ₦10,000-and-Above Transfers Effective January 1
On January 1, 2026, Nigerian banks will start deducting a ₦50 stamp duty on electronic transfers totalling ₦10,000 or more, in accordance with the provisions of the recently passed Tax Act. The development was communicated to customers by several commercial banks ahead of the policy’s implementation. Under the arrangement, the charge, previously known as the Electronic Money Transfer Levy, will now...
Rivers Lawmakers Reject Fubara’s Christmas Gift, Label As Illegal
On Tuesday, the Rivers State House of Assembly rejected a N100,000 "Christmas gift" that was credited to lawmakers' accounts on Governor Siminalayi Fubara's orders, calling the transfer illegal and unsolicited. In a statement on Tuesday, signed by the Chairman of the House Committee on Information, Petitions and Complaints, Enemi George, the lawmakers said public funds must follow due process, including...
Fatal Crash: FRSC Awaits Investigation Report As Family Demands Access To Joshua
The family of world heavyweight champion Anthony Joshua has expressed deep concern over their inability to see the boxer following a tragic road accident on Monday along the Lagos–Ibadan Expressway. Speaking to journalists at the Sagamu family home in Ijokun on Tuesday, the boxer’s uncle, Adedamola Joshua, described the news as a “rude shock” to the family. He revealed that the...
Obi Leaves Labour Party, Officially Join ADC
Peter Obi, a former presidential candidate for the Labour Party in the general elections of 2023, has officially joined the African Democratic Congress. Obi, who is also a former governor of Anambra State, urged Nigerians and opposition forces to unite under a broad national coalition to “rescue Nigeria from poverty, disunity, and democratic decline.” Obi announced his defection at the Nike...
NNPCL Records ₦502bn Profit In November Despite Decline In Crude Output
The Nigerian National Petroleum Company Limited recorded a profit after tax of N502bn in November 2025, sustaining its profitability streak despite a decline in crude oil and condensate production during the month. Figures from the NNPCL Monthly Financial and Operations Report for November 2025 released on Wednesday, showed that the national oil company also generated N4.36tn in revenue, reflecting a...
