Doctor Freed After N50m Ransom Paid in Edo
Dr. Ibrahim Tahir regains freedom after his family paid a N50 million ransom to kidnappers in Auchi, Edo State. Tragically, his younger brother was killed during the abduction.
Category : Search result: N50 million misappropriation
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.
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.
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.
Ayo Benzi Wins N150m Next Afrobeats Star Deal
Ayodeji 'Ayo Benzi' Benson clinches victory in MTN's Next Afrobeats Star, securing a N150 million music deal. Discover the full results and the future of Afrobeats.
Reverend Mother Shares N10 Million in Lagos Church
A viral video shows a Celestial Church Reverend Mother distributing N10 million to members in Lagos. Nigerians react to the generous act. Read full story and see reactions.
Influencer charged N487,500 VAT on N6.5m purchase
Social media influencer Rita 'Raye' Ushie cries out after being charged a huge 7.5% VAT on a N6.5 million purchase for her tech startup. See public reactions and why NANS plans protests.
Elumelu's $496m Seplat Deal Set to Boost Fortune
Billionaire Tony Elumelu expands his energy empire, acquiring a 20.07% stake in Seplat Energy for $496 million. The deal makes Heirs Energies the largest shareholder and is expected to significantly increase his net worth. Read the full details.
Peller's N11M Car Repair Cost Stirs Online Debate
TikTok sensation Peller reveals a staggering N11 million estimate to fix his crashed Mercedes SUV, sparking mixed reactions from fans and critics online. Read the full story.
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.
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.
MA'AM Energy Takes Control of Geregu Power in $750m Deal
MA'AM Energy Limited becomes the new controlling shareholder of Geregu Power Plc in a landmark $750 million transaction, leading to a complete board overhaul. Discover the details and implications for Nigeria's power sector.
Sarah Martins: New Staff Allegedly Steals ₦3 Million
Nollywood actress Sarah Martins cries out after a newly hired employee allegedly hacked her bank account and stole ₦3 million. Full details of the betrayal and social media reactions inside.
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.
Nigerian in UK Spends N23m on Rent, Sparks Online Debate
A Nigerian man in the UK sparked debate after revealing his N23 million yearly rent for a one-bedroom flat, claiming it could build a hotel in Nigeria. See the mixed reactions online.
N500m Ransom Demand for 5 Kidnapped Kwara Workers
Families plead for government action as bandits demand N500 million for five Kwara road construction workers kidnapped two weeks ago. Read the urgent appeal for their safe release.
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.
MTN Gifts Enugu Couple N2m in Surprise Yello Wedding
MTN Nigeria's YelloTide campaign brought joy to a couple in Enugu with a surprise N2 million gift at their wedding. Read how the telecom giant is spreading festive cheer.
Peller's 2026 Plan After Jarvis N10m Gift Rumours
Nigerian streamer Peller shares his mindset for the new year, focusing on a fresh start. This comes amid unconfirmed reports he gifted ex-lover Jarvis N10 million, following their split and his recent car crash.
Jarvis Gets ₦10m TikTok Gift, Fans Suspect Peller
TikTok star Jarvis stunned by an anonymous ₦10 million coin gift during a Christmas Eve live stream. Fans believe her ex, Peller, is the secret gifter, sparking online debate. Read the full story.
Nigerian fraudster Invictus Obi released from US prison
Obinwanne 'Invictus Obi' Okeke, convicted for an $11m fraud, is released from US custody after 6 years. Deportation to Nigeria is underway. Read the full story.
Stranger Sends N2 Million to Lady After Money Plea
A Nigerian woman, Prisca Obi, received a life-changing N2 million from a stranger after expressing her inability to afford travel for the holidays. See the viral story and reactions.
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