Category : Search result: electronic money levy


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.

New ₦50 Stamp Duty Shifts to Senders from January 2026

OPay, PalmPay, Moniepoint, and major banks notify Nigerians of a key tax change. From January 1, 2026, senders will pay a ₦50 stamp duty on transfers of ₦10,000 and above. Learn the details and exemptions.

Banks to Charge N50 Stamp Duty from Jan 1, 2026

Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.

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.

Nigeria's Mandatory Car Recycling Fee Starts 2026

From 2026, Nigerians will pay a mandatory vehicle recycling fee at registration. The policy aims to generate over N150bn yearly, create jobs, and regulate used car imports. Get all the details.

Nigeria Earns N1.28bn for AFCON 2025 Knockout Spot

Nigeria's Super Eagles have banked $800,000 (N1.28bn) for reaching the AFCON 2025 Round of 16. Discover the full prize money breakdown and what's at stake as they chase the $10 million top prize.

Husband's N400k birthday gift plan backfires

A Nigerian man sent his wife N400,000 to buy him a birthday present after years of no gifts. He was left devastated by her shocking reply. Read the full story and reactions.

EFCC Warns Banks: Delays Stall Investigations

EFCC Chairman Ola Olukoyede warns banks' compliance officers that slow information release is hampering anti-corruption probes. He insists on full cooperation to safeguard Nigeria's financial system. Read more.

Lady's Viral Reply to Brother's 100k Request

A Nigerian lady shared the unexpected WhatsApp message from her younger brother asking for money, and her witty reply has sparked massive reactions online. See the full story and what people are saying.

FG Targets N2b Savings as MDAs Go Paperless

The Federal Government projects over N2 billion savings in 2026 through digital workflows. MDAs face a paperless deadline, cutting stationery costs and boosting transparency. Read more.

FG to Save N2bn as MDAs Go Paperless by 2025

The Federal Government projects savings exceeding N2 billion in 2026 as Ministries, Departments, and Agencies transition to a fully digital Electronic Content Management system, eliminating paper-based processes.

Anthony Joshua Earns $92M for Jake Paul Knockout

British-Nigerian boxer Anthony Joshua secured a massive $92 million payday after knocking out YouTuber Jake Paul in their Miami exhibition bout. Discover the full financial breakdown and his next target.

How the Average Nigerian Makes a Living

Discover how most Nigerians survive through multiple income streams, informal jobs, and creative hustle. Learn about real salaries, from ₦70K minimum wage to MTN's high pay.

Lady saves money in 9 piggy boxes for 2025

A Nigerian woman's impressive savings discipline went viral after she displayed cash saved in nine piggy boxes from January to December 2025. See the amazing results!

House Approves Jail, 10-Year Ban for Vote Buyers

Nigeria's House of Representatives has passed stricter penalties for electoral offences, including jail terms and a 10-year election ban for vote buyers. The reforms also mandate real-time electronic transmission of results.

Super Eagles Target $7M AFCON 2025 Prize in Morocco

Nigeria's Super Eagles head to AFCON 2025 in Morocco seeking a fourth continental crown and a massive $7 million winner's prize. Discover the full prize breakdown and their group stage schedule.

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