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Nigerian banks will begin deducting a ₦50 stamp duty on electronic transfers of ₦10,000 and above starting January 1, 2026, following the commencement of provisions of the newly enacted Tax Act. The development has been communicated to customers by several commercial banks ahead of the implementation date. Under the new arrangement, the charge—previously known as the Electronic Money Transfer Levy (EMTL)—has been formally reclassified as stamp duty and will be […]

President Bola Ahmed Tinubu has reaffirmed his administration’s determination to proceed with the implementation of the newly signed tax laws, dismissing calls for the reform process to be suspended amid ongoing public debate over some provisions. In a statement released on Tuesday, the President said the rollout of the tax reforms would continue as scheduled, noting that while some of the laws took effect on June 26, 2025, others are […]

The Dangote Group has announced a 10-day credit facility for petrol station owners and fuel dealers, backed by a bank guarantee, as part of a new supply arrangement aimed at improving fuel distribution across the country. The company disclosed this in a statement posted on its official X (formerly Twitter) handle on Tuesday, inviting petrol station operators nationwide to register and benefit from the initiative. According to the statement, participating […]

Human rights lawyer and 2027 Peoples Democratic Party (PDP) governorship aspirant in Oyo State, Niyi Aborishade, has resigned from the PDP and joined the African Democratic Congress (ADC). Aborishade said his decision was driven by what he described as a deepening internal crisis within the PDP, raising doubts about the party’s ability to present a credible candidate in the next governorship election. Speaking with journalists in Ibadan, Aborishade said persistent […]

A Federal High Court in Abuja has ordered the remand of Yakubu Adamu, the Bauchi State Commissioner for Finance, pending a ruling on his bail application. Justice Emeka Nwite gave the order on Tuesday after hearing arguments on Adamu’s bail request, which was moved by his counsel, Chief Gordy Uche (SAN), and opposed by the Economic and Financial Crimes Commission (EFCC). The remand followed the arraignment of Adamu and Ayab […]

A Federal High Court in Abuja has ordered the remand of the immediate past Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), alongside two co-defendants, at the Kuje Correctional Centre pending the hearing of their bail application. The ruling, delivered on Tuesday by Justice Emeka Nwite, directed that Malami, his son Abubakar Abdulaziz Malami, and Hajia Bashir Asabe remain in custody until January 2, 2026, when […]

Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Tuesday pleaded not guilty to a 16-count money laundering charge filed against him by the Economic and Financial Crimes Commission (EFCC). Malami was arraigned alongside his son, Abubakar Abdulaziz Malami, and Bashir Asabe, his fourth wife. All three defendants pleaded not guilty to the charges when they were read by the court registrar. The defendants appeared before Justice […]

The Nigeria Union of Journalists (NUJ), Oyo State Council, has expressed deep sorrow over the tragic death of seven journalists who lost their lives in a fatal road accident in Gombe State. In a condolence statement issued on Tuesday, jointly signed by the Chairman, Akeem Abas, and Secretary, Temidayo Adu, the council described the incident as a painful loss that has plunged the journalism community across Nigeria into mourning. According […]

Former Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), was on Tuesday morning brought before a Federal High Court in Abuja by officials of the Economic and Financial Crimes Commission (EFCC) ahead of his arraignment on alleged money laundering charges. Malami arrived at the court shortly before 9:00 a.m., accompanied by two co-defendants — his son, Abubakar Malami, and Bashir Asabe, an employee of Rahamaniyya Properties […]

Governor Seyi Makinde of Oyo State has expressed deep sorrow over the death of a former member of the Oyo State House of Assembly, Hon. Abdul-Rasak Ademola Abdullahi, popularly known as Omo Sheu. The late lawmaker represented Ibadan South-East Constituency I during the 9th Assembly. In a condolence message, Governor Makinde described Abdullahi’s death as shocking and disheartening, noting that the former legislator made meaningful contributions to governance and public […]