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Starting January 1, 2026, banks will charge a ₦50 stamp duty on electronic transfers of ₦10,000 and above, in line with the implementation of the new Tax Act. The stamp duty or electronic money transfer levy (EMTL) is a single, one-off charge of ₦50 on electronic receipt or transfer of money deposited in any commercial money bank or financial institution on any type of account on sums of ₦10,000 and above. In an email sent to customers on Tuesday, United Bank for Africa (UBA) said the ₦50 electronic money transfer levy (EMTL) on transfers will now be referred to as stamp duty across all financial institutions. “Please note the following: Stamp Duty applies to transactions of ₦10,000 and above (or the equivalent in other currencies),” the email reads. “Salary payments and Intra-bank self-transfers are exempt from stamp duty. “The Sender now bears the Stamp Duty charge. Previously, this charge was deducted from the Beneficiary/ Receiver.” The bank said it remains committed to transparenc...

  T he presidential candidate of the Labour Party (LP), in 2023 general elections, Peter Obi has officially defected to the coalition-backed African Democratic Congress (ADC). Obi  announced his defection in Enugu on Wednesday, December 31, 2025. The former governor of Anambra State said his defection ahead of the 2027 election is aimed transforming and rescuing Nigeria. “We  are ending this year with the hope that in 2026 we will begin a rescue journey,” Obi declared. “We will resist rigging of election by every lawful means in 2027,” he added.

Mrs. Erin Harris-Uzor, an American woman, who is married to a Nigerian man, has made a startling revelation. The woman has revealed that her top resolution and goal for 2026 is to pursue a divorce. She disclosed this on Tuesday, December 30, 2025, two months after she addressed haters, saying that her husband isn't going anywhere. The couple only got married in August 2025.  As expected, this revelation of hers has sparked some reactions on social media.

A suspected Boko Haram suicide bomber, Ibrahim Mohammed, apprehended by Operation HADIM KAI troops in collaboration with local hunters in Yobe State, has revealed chilling details of his recruitment, payment, and deployment to target worshippers in Maiduguri, admitting he received up to ₦100,000 for each suicide bombing mission. Ibrahim, who confessed to involvement in the December 24 suicide bombing at the Gamboru Market Mosque in Maiduguri, said the operation was planned and executed under the directive of Boko Haram commanders operating between Adamawa State and the Mandara Mountains. Zagazola quoted him as saying during interrogation: “My name is Ibrahim from Michika in Adamawa. We came to Maiduguri to plant bombs in Izala Mosque. We were sent by our leaders, Adamu and Abubakar, who gave us two IEDs to plant in the mosque.” The suspect disclosed that suicide bombing had become a paid assignment within the terror network. “I was paid money ranging from ₦70,000 to ₦100,000 per missio...

The Ondo State Security Network Agency, known as the Amotekun Corps, has arrested 39 suspected bandits reportedly fleeing northern Nigeria after recent United States airstrikes on terrorist strongholds in Sokoto State. The suspects were apprehended at the Elegbeka forest axis in Ose Local Government Area, a location long identified as a hotspot for criminal activities, including kidnapping and armed robbery. In addition to the 39 suspects, the corps also arrested 61 other individuals during the festive period for alleged offences ranging from kidnapping, armed robbery and car snatching to violations of anti-open grazing laws. The State Commander of the Amotekun Corps, Akogun Adetunji Adeleye, disclosed this on Tuesday, December 30, 2025 in Akure while parading over 100 suspects arrested across the 18 local government areas of the state. Adeleye said the 39 suspects arrested at Elegbeka were currently undergoing profiling to determine their culpability, noting that those found without i...

  King  Charles III of the United Kingdom has appointed Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, a Commander of the Royal Victorian Order in recognition of his distinguished service, particularly his longstanding contribution to youth development through the Duke of Edinburgh’s International Award. It was gathered that the honour was announced on Tuesday, December 30, 2025,  places Edun among a select group of Nigerians recognised with the rare distinction. He joins the exclusive list of recipients, with former Commonwealth Secretary-General, Chief Emeka Anyaoku, who was similarly honoured. The appointment underscores both the exclusivity of the Royal Victorian Order and its significance in acknowledging exceptional service to the British monarch and the Commonwealth, especially in advancing international youth empowerment initiatives. Part of the official citation published in the gazette read: “Central  Chancery of the O...