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: N50 billion lawsuit
BBC Seeks Dismissal of Trump's $10 Billion Lawsuit
The BBC is asking a Florida court to throw out Donald Trump's $10 billion defamation lawsuit over a documentary edit of his Jan. 6 speech. The broadcaster argues the court lacks jurisdiction. Read the full details.
Malaysia Sues X, xAI Over Grok AI Safety Concerns
Malaysian regulators take legal action against Elon Musk's X and xAI for failing to address harmful content generated by the Grok AI chatbot. Full details on the case and its implications for user safety.
BBC Fights Trump's $10B Lawsuit Over Documentary
The BBC moves to dismiss a $10 billion lawsuit from Donald Trump over a 2021 Capitol speech documentary. The legal battle centres on alleged defamation and edited footage. Read the full details.
Paramount Sues Warner Bros Discovery in Takeover Battle
Paramount Skydance files lawsuit against Warner Bros Discovery, escalating its hostile bid to acquire the CNN-parent company. Get the latest on the corporate takeover saga.
Court Dismisses N1bn Copyright Suit Against MTN
A Federal High Court in Lagos has dismissed a N1 billion copyright infringement lawsuit against MTN Nigeria, describing it as frivolous. The court awarded N3 million costs against the plaintiffs. Read the full details.
SERAP Sues INEC Over N55.9bn Missing Election Funds
SERAP drags INEC to court for failing to account for N55.9 billion meant for 2019 election materials. The suit demands transparency and names of contractors.
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.
Gospel Singer Orrico Files Abuse Lawsuit Against Ex-Manager
Gospel singer Stacie Orrico sues former manager Britt Ham for alleged sexual abuse when she was a minor. She claims EMI executives knew but failed to act. Read the full story.
Buratai files N1bn defamation suit against Ali-Keffi
Ex-Chief of Army Staff Tukur Buratai sues Maj. Gen. Danjuma Ali-Keffi for N1 billion over alleged false statements linking him to terrorism financing. The case is before the Kaduna State High Court.
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.
Matt Kalil Sues Ex-Wife Over Private Comments
Former NFL Pro Bowler Matt Kalil files lawsuit against ex-wife Haley Kalil for invasion of privacy after she discussed intimate details of their marriage. He seeks over $75,000 in damages.
Court Dismisses Misa Hylton's Lawsuit Against Mary J. Blige
A New York court has dismissed the lawsuit filed by Misa Hylton against singer Mary J. Blige. The judge criticised the 'inflammatory' claims. Get 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.
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.
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.
Akpabio Withdraws All Defamation Lawsuits in New Year Gesture
Senate President Godswill Akpabio withdraws all defamation lawsuits, including against Senator Natasha Akpoti, after a New Year sermon. A powerful act of reconciliation for 2026.
Akpabio Withdraws Defamation Suits After Sermon
Senate President Godswill Akpabio has ordered his lawyers to withdraw all defamation lawsuits, including a N200 billion case against Senator Natasha Akpoti-Uduaghan, following a New Year's Day church service in Uyo.
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.
Akpabio Withdraws Defamation Suits Against Critics
Senate President Godswill Akpabio has ordered the withdrawal of nine defamation lawsuits, including one against Senator Natasha Akpoti-Uduaghan. Read his reason and see public reactions.
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.
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.
Niger PTA Takes Education Ministry to Court
The Niger State PTA has filed a lawsuit against the state's education ministry to stop a caretaker committee from interfering in its affairs. The court hearing is set for January 12, 2026.
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.
SERAP Sues Governors Over ₦14trn Subsidy Funds
SERAP drags Nigeria's 36 governors and FCT Minister Wike to court, demanding transparency on ₦14 trillion fuel subsidy savings. Will justice prevail?
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