Author: Press Room

Nigerian banks will begin deducting a ₦50 stamp duty on electronic transfers of ₦10,000 and above from January 1, 2026, following the commencement of provisions of the newly enacted Tax Act. The development was communicated to customers by several commercial banks ahead of the policy’s implementation. Under the arrangement, the charge, previously known as the Electronic Money Transfer Levy, will now be formally classified as stamp duty and applied as a one-off ₦50 fee on qualifying electronic transfers. In a notice to customers on Tuesday, the United Bank for Africa informed its account holders that the new Tax Act would…

The National Vice Chairman of the All Progressives Congress (APC), South-South, Victor Giadom, has said that Rivers State Governor, Siminalayi Fubara, would need the support of the Minister of the Federal Capital Territory, Nyesom Wike, to secure any electoral victory in Rivers State, particularly in Ogoniland. A viral video sighted by The Guardian showed that Giadom spoke on Tuesday during Wike’s ‘thank-you’ visit to the people of the Gokana Local Government Area of the state.Describing Wike as a dependable political leader in Rivers, Giadom assured the minister that there was no rival political force in Gokana.“I can guarantee, on behalf…

The Super Eagles of Nigeria defeated Uganda 3-1 at the Complexe Sportif de Fès on Tuesday in their final group stage match of the 2025 Africa Cup of Nations, Soccernet.ng reports. ​It was an action-packed encounter, which came as no surprise given that the Cranes were under pressure to win to secure qualification for the knockout rounds. ​Uganda took the game to Nigeria from the blast of the whistle, capitalizing on Eric Chelle’s decision to deploy a new-look midfield. However, the three-time African champions soon found their rhythm and asserted control over the proceedings. ​The Goalkeeping Rollercoaster For Uganda Begins…

Mali and Burkina Faso have announced travel restrictions on American nationals in a tit-for-tat move after the US included both African countries on a no-entry list. In statements issued separately by both countries’ foreign ministries and seen Wednesday by AFP, they said they were imposing “equivalent measures” on US citizens, after President Donald Trump expanded a travel ban to nearly 40 countries this month, based solely on nationality. That list included Syrian citizens, as well as Palestinian Authority passport holders, and nationals of some of Africa’s poorest countries, including also Niger, Sierra Leone and South Sudan. The White House said…

he Rivers State House of Assembly Members of the 10th Rivers State House of Assembly on Tuesday returned ₦100,000 each, which they described as unsolicited and unapproved transfers credited to their personal bank accounts on the instruction of the Executive Governor of Rivers State, Siminalayi Fubara. The lawmakers made this known in a statement issued in Port Harcourt and signed by the Chairman of the House Committee on Information, Petitions and Complaints, Hon. Enemi George. According to the statement, the transfers were received on December 30, 2025, prompting immediate internal consultations within the legislature. The Assembly said it took “prompt…

Nigeria’s Super Eagles are beginning to look like a team with a clear footballing identity again after an impressive attacking run at the 2025 Africa Cup of Nations in Morocco, with former international Henry Makinwa hailing head coach Eric Chelle for reshaping the side’s style and purpose, Soccernet.ng reports. Nigeria sealed top spot in Group C on Tuesday night with a 3-1 win over Uganda at the Complexe Sportif de Fès, completing a perfect group stage campaign that also included victories over Tanzania (2-1) and Tunisia (3-2). The Super Eagles finished the group phase with eight goals, more than any…

• Leadership crisis can be resolved in days, Olawepo-Hashim tells Turaki• Party plans litigation over exclusion of Ekiti governorship candidate The Peoples Democratic Party (PDP) in Oyo State, yesterday, suffered a significant blow as human rights lawyer, Niyi Aborisade, alongside top leaders and supporters from all 33 local councils, formally defected to the African Democratic Congress (ADC). The development is seen as a major setback for the PDP and a boost for ADC as political realignments ahead of the 2027 general elections begin to take shape. Amid the protracted crisis rocking the former ruling party, former presidential candidate and chieftain of PDP, Gbenga Olawepo-Hashim, said the leadership…

A non-governmental organisation, Suleiman Hearing and Educational Foundation, has partnered with the Kano State Government to strengthen access to ear and hearing care services across the state. SHEF explains that the collaboration was to reduce the burden of ear diseases and prevent avoidable hearing loss in Kano through capacity building, service delivery, and evidence-informed policy engagement. The Foundation disclosed this at a three-day intervention programme themed “Improving Access to Ear and Hearing Care in Nigeria”. Over 200 residents of Kano benefited from free ear screenings, diagnosis, and treatment, while more than 30 people living with disabling hearing loss received free…

Tributes have continued to pour in for the late Dr Alexander Aristotelis Thomopulos, former Chief Operating Officer (COO) of The Guardian Newspapers, following the announcement of his passing by the family. Lady Maiden Ibru, Chairman/Publisher of The Guardian and younger sister to Thomopulos, his cousin, Mr Toke Alex-Ibru, the CEO, Thomopulos’ daughter, friends and former associates mourn his passing and relive his life and times. Thomopulous, 78, passed on Monday, December 22, 2025, at a Lagos private hospital, into which he had been admitted following an illness. A United States-trained technocrat and environmental scientist, he was the newspaper’s COO from…

Global family offices increased their exposure to cryptocurrencies in 2025, with a growing number entering the market for the first time. Key Takeaways: Family offices expanded crypto exposure in 2025, with many making first-time allocations. Bitcoin and Ether remain the main entry points as improved infrastructure offsets limited in-house expertise. Market volatility and weak prices are tempering expectations for broader adoption in 2026. However, sharp price swings and weak recent performance are raising doubts about how far that momentum can carry into 2026, according to a report by Financial News.“Family offices moved from ‘crypto experimenters’ to structured allocators [in 2025],…