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Shining Talented Advert, No1 shodipo Close Daleko abule-egba, Abule-Egba (2026)

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08/01/2026

Regina Daniels finally surrenders self for drug test

Nigerian actress, Regina Daniels, has finally surrendered herself for a drug test.
Sharing a video of herself at the hospital on Instagram, she said “Hi guys, so I’m here at the hospital, I’m about to run my drug test.”

This came nearly three months after she was accused of substance abuse by her husband and politician, Senator Ned Nwoko.

DAILY POST recalls that Regina Daniels had in October 2025 called out Ned Nwoko over alleged domestic violence and abuse.

Ned, who denied the allegations, also accused the actress of substance abuse. Stating that he has Regina’s medical records.

Also speaking amid Regina’s messy breakup with Ned, her co-wife, Laila Charani, claimed the actress introduced her to drugs.

Amid the controversy, an alleged medical report by Serenity Royale Hospital showing toxic levels of ma*****na, morphine, opiates, co***ne, and alcohol in her system surfaced online.

Denying leaking Regina laboratory tests, Serenity Royale Hospital said, “We wish to state clearly that the publication containing classified information of Mrs Nwoko Regina did not emanate from us and respectfully request the public to disregard same.”

08/01/2026

Peter Obi reacts as Super Eagles players are denied match allowances

Former Labour Party presidential candidate, Peter Obi, has lamented the denial of Super Eagles players their basic match allowances.

In a post via his verified X handle on Wednesday, Obi said the Super Eagles do not deserve the embarrassment and the avoidable distractions ahead of a crucial quarter-final match.

The former Anambra state governor said Nigeria must learn to fulfill its obligations.

When will this embarrassment end? Can we get through a day without troubling news in this country?

“At a time when Nigerians need joy and unity—something the national football team, the Super Eagles, has been providing by winning matches and lifting our spirits worldwide—these same players are being denied their basic match allowances.

A country that writes off trillions in debts for government agencies and political allies, and squanders money on grandiose, self-serving projects, now struggles to pay the basic match bonuses owed to our players.

“Nigeria deserves a better international image than this ongoing failure to honor previously agreed-upon allowances before the tournament,” he wrote.

08/01/2026

I’m ready to apologise – Phyna expresses willingness to reconcile with Davido

Former Big Brother Naija reality show winner, Phyna, has called for reconciliation with singer Davido two years after engaging in an online fight.

DAILY POST reports that it all started in October 2023 when Davido liked a post that tagged Phyna fans as “useless” on X.

Reacting to the development while congratulating Davido after welcoming twins with Chioma, Phyna questioned if she had done something wrong to warrant his hate.

In response, Davido said he didn’t know who Phyna was.

Phyna replied “God knows me”, and unfollowed the singer on Instagram.

However, speaking during her recent livestream, Phyna said “I will like to stream Davido”.

Revisiting their online exchange, the reality star who said she’s ready to apologise to the singer publicly, also sought clarity on what led to the fallout from Davido.

“If I have the opportunity to stream with Davido, I will take it. Yea he senior me, he choke pass me normal. I’m going to tender apology to him, but before rendering the apology, we need to understand where that our quarrel really dey come from.

“Like baba Ibeji needs to really tell me that na by mistake him take like that comment wey cause probably. Then he will now explain his side of the issue because you see that I don’t know you wey baba Ibeji talk, e fit be like say na we take am the wrong way”, she said in pidgin.

07/01/2026

358 DAYS FOR THIS YEAR TO FINISH
HAVE YOU ASK YOURSELF, WHAT HAVE I ACHIEVED THIS YEAR
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

06/01/2026

𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 𝗡𝗶𝗴𝗲𝗿𝗶𝗮 𝘁𝗼 𝗳𝗮𝗰𝗲 𝗔𝗹𝗴𝗲𝗿𝗶𝗮 𝗶𝗻 𝗔𝗙𝗖𝗢𝗡 2025 𝗾𝘂𝗮𝗿𝘁𝗲𝗿 𝗳𝗶𝗻𝗮𝗹𝘀
Nigeria is set to face Algeria in the AFCON 2025 quarter-finals. The Super Eagles will take on the Desert Foxes after their victory over Mozambique....

05/01/2026

Resign as minister to face Rivers politics, APC scribe tells Wike
‎‎The National Secretary of the All Progressives Congress, Ajibola Basiru, has fired back at the Minister of the Federal Capital Territory, Nyesom Wike, asking him to resign his ministerial position and focus on what he described as his obsession with Rivers State politics.

The National Secretary of the All Progressives Congress, Ajibola Basiru. Credit: Adejare Kehinde

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‎He said he was unfazed by what he termed veiled threats from the minister, insisting that his political background had prepared him to withstand intimidation.
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‎Basiru had, in an exclusive interview with Sunday PUNCH, declared support for the Rivers State Governor, Siminalayi Fubara, amid ongoing confrontations between him and Wike.
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‎The APC scribe also cautioned the South-South Chairman of the APC, Victor Giadom, against making derogatory remarks about Fubara or any other governor, stating that members of the National Working Committee of the party should not take sides in any political crisis.
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‎However, Wike, during his “thank-you” visit to Oyigbo Local Government Area of Rivers State on Monday, warned Basiru to steer clear of the state’s politics.
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‎“Let me warn those who come to Rivers State, because you have heard that we have N600bn, you come here, you collect, and you open your mouth to talk anyhow.
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‎“I say it here, take this message to your National Secretary, leave Rivers State alone. Go and ask those who have done it before. Please don’t take our support for Mr President for granted. You have to be careful with the statements you make.”
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‎Responding to Wike’s comments in a statement he personally signed on Monday, Basiru said the minister lacked the authority to interfere in the affairs of the ruling party, stressing that Wike was not a member of the APC.
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‎”My advice to him is that he should resign as Minister and face his obsession with Rivers politics,” the APC scribe said.
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05/01/2026

AFCON 2025: Super Eagles thrash Mozambique 4-0 to reach quarter-finals

The Super Eagles have booked a place in the AFCON 2025 quarter-finals with a commanding 4–0 victory over Mozambique in their Round of 16 clash in Fès.

The Eagles started strongly, building on their perfect group stage record, having won all three matches to top Group C. Mozambique, making their first-ever appearance in the Round of 16 after finishing as one of the best third-placed teams in Group F, struggled to cope with Nigeria’s pace and attacking threat.

The Super Eagles took an early lead in the 20th minute when Ademola Lookman converted an assist from Akor Adams. Victor Osimhen doubled the advantage five minutes later, before Lookman set up Osimhen again in the 47th minute to make it three. Adams Akor completed the scoring with Nigeria’s fourth in the 75th minute.

Wilfred Ndidi captained the midfield alongside Frank Onyeka and Alex Iwobi, while Stanley Nwabali returned in goal. The back four of Bright Osayi-Samuel, Semi Ajayi, Calvin Bassey and Bruno Onyemaechi kept Mozambique at bay throughout the match.
Substitutions in the second half saw Paul Onuachu and Samuel Chukwueze replace Adams Akor and Lookman, while Onyeka and Ndidi were replaced by Tom Dele Bashiru and Onyedika as Chelle refreshed his midfield. Moses Simon also came on for Osimhen.

By the 80th minute, Nigeria had registered eight shots on target, while Mozambique had yet to test Nwabali.

With the win, Nigeria advance to the quarter-finals, maintaining their momentum as they chase a fourth AFCON title. They will face the winners of the match between Algeria and Congo DR

05/01/2026

The new tax laws also prescribe that everyone, exempt or not, must file their tax returns annually with a March 31 deadline for companies, while individuals must file by June 30 via NRS portals.

Taxpayers can self-assess by computing income, subtracting reliefs/exemptions, applying rates, paying, and then filing with audited accounts (for businesses) or income statements. Zero returns for exempt folks prove compliance, but TIN registration is required for tax payment.

What is clear, however, is that NRS has a total view of all banking transactions but cannot legally confiscate bank accounts or impose blanket taxes on deposits.

It is the duty of account holders to report and categorise inflows and claim exemption while filing returns. However, NTAA allows third-party debt recovery only after due process, notices, objections, and appeals.

While cryptocurrency profits are taxed as gains, further valuation guidelines are expected, given the volatile nature of such assets.

The new tax laws impose stricter penalties for non-compliance, which you ignore at your peril.

For example, late filing attracts a N100,000 fine plus N50,000/month of continuous default.

Non-payment of tax attracts a 10 per cent penalty plus interest at CBN’s MPR (currently 27.0 per cent).

Outright tax evasion will be met with criminal charges and or asset seizure post-audit. The NRS can share data across agencies for joint audits to close evasion loopholes.

Despite the six-month time lag between the time the laws were signed and implementation, confusion reigns on X, Facebook and WhatsApp groups, fuelled by fearmongering.

Some trader groups have been meeting, spreading utter falsehoods about the implications of the tax laws, largely due to inadequate sensitisation.

Taiwo Oyedele, Chairman of the Tax Reform Committee, has done most of the talking, but the Ministry of Finance, NRS, Ministry of Information and the National Orientation Agency must do more to educate Nigerians on the new law.

05/01/2026

and N1 billion face a 15-20 per cent tax rate, while large companies with a turnover of over N1 billion will pay a 30 per cent tax. Agricultural startups get a five-year holiday.

For individuals, gains from asset disposals (including digital/virtual assets) now form part of their total income and are taxed at the applicable progressive PIT rates, rather than a separate flat rate.

However, share sales in Nigerian companies are exempt if proceeds are less than N150 million annually and gains fall below N10 million, or if proceeds are reinvested locally.

Sanwo-Olu’s aide preaches tolerance, support for govt

The Nigeria Tax Act 2025 introduces a new 4.0 per cent unified Development Levy on the assessable profits of medium and large companies, effective 1 January. The levy unifies and replaces several existing federal levies, such as the Tertiary Education Tax, NITDA Levy, NASENI Levy, and Police Trust Fund Levy, for simplified compliance.

VAT stays at 7.5 per cent, with essentials such as food, medication, education, and transport now zero-rated. Significantly, businesses can recover input VAT on services and fixed assets, which was previously impossible.

One aspect that also requires clarity is Stamp duty, payable on a wide range of documents executed in Nigeria, such as land and tenancy agreements, deeds of assignment, loan and contract agreements, and share transfers and certificates of occupancy.

This is important as unstamped documents are generally inadmissible as evidence in Nigerian civil court proceedings.

Under the new tax laws (Nigeria Tax Act), the former N50 Electronic Money Transfer Levy has been formally classified as stamp duty, and the sender bears the cost rather than the receiver for transactions of N10,000 and above.

Salary payments and intra-bank transfers between accounts held by the same customer (matching names and BVN/NIN) are exempt from stamp duty.

05/01/2026

CONTINUATION ON TAX LAW

In contrast, Nigeria, with a tax-to-GDP ratio of 13.5 per cent, borrowed N11 trillion in 2025 per DMO, and still failed to implement the capital components of the budget due to revenue shortfalls, mainly oil.

Therefore, Nigeria needs effective taxation to build roads, hospitals, and schools, making tax payment a civic duty, not a burden.

Under the new tax regime, salaried workers, traders, and professionals will be subject to Personal Income Tax that is now progressive. Individuals earning N800,000 or less annually (about N66,000 monthly) are fully exempt, no tax owed.

Above that, rates climb from 15 per cent on N800,001-N3,000,000 to 25 per cent on income over N50 million. This means that those earning the minimum wage of N70,000 or N840,000 per annum will pay 15 per cent tax on N40,000 or N6,000. Someone earning N100 million will pay roughly N24 million.

Taxable income now includes salaries, rents, digital gains from cryptocurrency trading, and interest, which has been broadened to include FX gains and bond premiums.

The previous Consolidated Relief Allowance has been abolished; taxpayers can claim 20 per cent of annual rent paid, capped at N500,000, provided that proof is adduced. Other non-taxable deductions cover pensions, life insurance, and straight-line capital allowances.

Contrary to social media misinterpretations, not all bank transfers are taxed; only unexplained inflows are counted as income after exemptions. It will be helpful if certain inflows, such as gifts or loans, are tagged as such and reported as non-taxable.

Tax ID (TIN) is mandatory as of 2026 for new bank accounts, insurance, or stock trades, linking finance to compliance, but not confiscation.

Businesses now see a tiered Companies Income Tax structure. Small firms with a turnover of less than N100 million annually and assets of less than N250 million will pay zero CIT; they are fully exempt.

Medium-sized firms with a turnover of between N100 million.

05/01/2026

New tax regime: What’s true, what’s not

NIGERIA’S fiscal landscape underwent a seismic shift on June 26, 2025, when President Bola Tinubu signed four landmark Tax Reform Bills into law: the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act, and Joint Revenue Board (Establishment) Act.

Effective 1 January 2026, these laws consolidate more than 70 fragmented taxes into a unified, progressive system administered primarily by the rebranded Nigeria Revenue Service (formerly the FIRS).

The rationale is to simplify compliance, widen the tax base, curb evasion, and boost revenue for development without overburdening the vulnerable.

Yet social media buzz has bred misconceptions, from “all bank transfers are taxed” to “accounts will be confiscated,” which has created panic among some Nigerians, with some already rushing to withdraw their money from banks.

The PUNCH Editorial Board will attempt to cut through the noise, breaking down the impacts on individuals and companies, filing processes, penalties, and why taxes matter.

These laws address Nigeria’s over-reliance on oil, which accounts for 70 per cent of revenue despite volatile prices, according to the NBS data (2024).

By streamlining taxes, eliminating overlaps like the Tertiary Education Tax and IT Levy (now folded into a 4.0 per cent Development Levy), and introducing digital asset taxation, the reforms aim to raise non-oil revenue to 40 per cent of GDP by 2030, per Finance Ministry projections.

Globally, countries depend on taxes to fund services and infrastructure, but Nigeria has relied largely on rent.

For example, Norway, despite its oil wealth, has a top income tax rate of 47 per cent and channels 20-25 per cent of GDP from taxes (not oil alone) into a sovereign fund now worth $1.6 trillion, funding healthcare, education, and infrastructure.

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