New 2026 Bank Charges: VAT, Stamp Duty Explained
Starting 2026, Nigerians face new costs: a 7.5% VAT on mobile/USSD fees and a ₦50 stamp duty on transfers above ₦10,000. Learn all the details and how to plan for higher digital banking expenses.
Category : Search result: FG N50 million grant
Nwokafor Urges Entrepreneurs to Focus on Grants in 2026
Ezinne Nwokafor urges Nigerian entrepreneurs to target grant funding in 2026, highlighting billions in untapped capital for climate, tech, and women-led ventures. Don't miss out!
Bayelsa Governor Approves N200m Monthly Grant for Farmers
Governor Douye Diri mandates increased local rice production, approves N200m monthly grant for Bayelsa farmers, and warns against land for herders. Read more.
Cross River Commissioner Announces N600m Grant for Youths
Cross River Commissioner Oden Ewa rallies youths for APC, announces a N600 million grant during a central district tour. He urges support for progressive leadership.
Zulum disburses N40m grants to 400 vulnerable women in Borno
Governor Babagana Zulum has empowered 400 vulnerable women and girls in Borno with N40 million grants and scholarships for skills acquisition and education. Read how this initiative is transforming lives.
₦140m NASENI Innovation Competition for Nigerian Youths
The Federal Government launches the InnovateNaija Challenge with a ₦140 million prize pool. Young innovators can win grants up to ₦100m. Apply now to solve Nigeria's economic challenges.
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.
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.
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.
RMB Nigeria Meets CBN Capital Requirement Ahead of Deadline
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
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.
TEF Opens 2026 Applications for $5,000 Entrepreneurship Grant
The Tony Elumelu Foundation has opened applications for its 2026 Entrepreneurship Programme, offering $5,000 in non-refundable seed capital, training, and mentorship to African founders. Apply by March 1, 2026.
APC Threatens New Corruption Claims Against Oyo PDP
Oyo APC threatens to expose fresh mismanagement allegations against Governor Seyi Makinde's administration over N50bn Ibadan explosion relief fund and federal allocations. Read the full details.
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 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.
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.
Apply Now: FG's ₦500k YEIDEP Grant Portal Opens
The Federal Government has reopened the YEIDEP Batch B portal, offering non-repayable grants up to ₦500,000 for young Nigerian entrepreneurs. Learn eligibility, steps, and tips to apply successfully.
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.
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.
N50m Grant Disbursed to 1,000 Women in Ogun
First Lady Oluremi Tinubu disbursed N50 million to women entrepreneurs in Ogun State. Each of the 1,000 beneficiaries received N50,000 as a non-repayable grant. Read more about this empowerment initiative.
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.
NNPC's Oleum Promo Returns: Win Up to ₦100 Million
NNPC Retail relaunches its Oleum Scratch & Win promo with bigger prizes, including ₦100 million cash, cars, and generators. Learn how to participate from Dec 20, 2025, to March 31, 2026.
Funke Akindele Breaks Box-Office Records with N512M Film
Nollywood star Funke Akindele makes history as her new movie 'Behind The Scene' becomes the fastest to hit N500M and tops weekend charts. Read about the film's success and fan reactions.
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.
Obi Reframes $5m School Fees as National Moral Test
Peter Obi shifts the Dangote-Farouk debate to Nigeria's education inequality, showing how $5m could build 25 schools for 6,000 students. A call for public conscience.
FG Opens N5m Loan Scheme for Youths: Apply Now
The Federal Government invites employed Nigerian youths (18-39) to apply for loans up to N5 million via CREDICORP's YouthCred scheme. Learn details and public reactions.
Lady Shows Off N1m Christmas Shopping From Dad
A Nigerian lady received N1 million from her father for Christmas clothes shopping. Watch the video and see what she and her sister bought, sparking massive reactions online.
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