Daily Record

Banks to charge ₦50 stamp duty fee from January 1

Following the implementation of the Tax Act, banks will begin charging a ₦50 stamp duty on electronic transfers of ₦10,000 and above from January 1, 2026. The charge, officially known as the Electronic Money Transfer Levy (EMTL), is a single, one-off ₦50 fee applied to electronic receipts or transfers of …

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How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector

By BLAISE UDUNZE Nigeria’s new tax identification portal goes live nationwide tomorrow, Friday, January 1, 2026, marking a pivotal moment in the country’s fiscal and financial governance. Designed to modernise tax administration and strengthen taxpayer identification, the reform reflects a decisive shift in economic strategy by a government grappling with …

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AFRIMA unveils multi-talented entertainer, FalzTheBahdGuy, French-Senegalese Actress, Liliane Maroune, as Hosts of 9th Edition

The All Africa Music Awards (AFRIMA) has officially unveiled Nigerian rapper and actor, FalzTheBahdGuy and French-Senegalese actress and media personality, Liliane Maroune as hosts of the 9th edition of the awards. The 9th AFRIMA, organised by the International Executive Committee of AFRIMA in conjunction and the African Union Commission in …

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Accident Involving Nigerian-British Boxer, Anthony Joshua Caused By Speeding, Wrong Overtaking – FRSC

Ogungbemide said the injured victim was evacuated to a medical facility for treatment, while the remains of the deceased were deposited at Livewell Morgue, Ajaka, Sagamu. The Federal Road Safety Corps (FRSC) has attributed the fatal road traffic crash involving Nigerian-British boxing champion, Anthony Joshua, along the Lagos–Ibadan Expressway to …

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Sowore Calls Trump ‘Lying Machine, Racist, Hypocrite’, Says ‘You Can’t Claim To Save Nigerian Christians While Banning Them’

In a post on his X (formerly Twitter) account on Sunday, Sowore accused Trump of deceiving Nigerians and the world while portraying himself as a defender of Christians in Nigeria. Former presidential candidate and human rights activist Omoyele Sowore has criticised United States President Donald Trump, describing him as a …

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Quickteller’s InsomniaQ makes strong debut with 12-hour Music

Quickteller’s maiden edition of InsomniaQ was successfully hosted at the Grand Ballroom of the Lagos Continental Hotel on the 21st of December, delivering a vibrant, high-energy celebration of African music, culture, and creativity. The 12-hour non-stop experience attracted a diverse audience of music lovers, culture enthusiasts, and festive diaspora returnees, …

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