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16/07/2025

Be informed

After the death of former President Muhammadu Buhari, his family will receive money and other benefits from the federal ...
16/07/2025

After the death of former President Muhammadu Buhari, his family will receive money and other benefits from the federal government, as allowed by Nigerian law.

Here’s what they’ll get:

Money Payments: ₦350,000 every month for his wife’s upkeep;

N250,000 every 3 months to support the children’s education and family needs; and another ₦250,000 every 3 months as yearly allowance.

Other Benefits: Free medical treatment in Nigeria and abroad; 3 government cars, changed every 4 years; a fully furnished 5-bedroom house anywhere in Nigeria.

4 security officers (Police and DSS); paid vacation every year;

Free staff for house and office work; and 1 free government phone line.

These benefits are legal and will continue unless the wife remarries.

Chukwudi Iwuchukwu

Untampered engine and gear AC only needs attention 2.1m last07043142444
15/07/2025

Untampered engine and gear
AC only needs attention
2.1m last
07043142444

Banks to Flag Transactions Above ₦5m Monthly Under New Tax Law—Effective from 2026Starting in 2026, Nigerian banks will ...
14/07/2025

Banks to Flag Transactions Above ₦5m Monthly Under New Tax Law—Effective from 2026

Starting in 2026, Nigerian banks will be required to report all customer accounts with monthly transactions exceeding ₦5 million to the Federal Inland Revenue Service (FIRS) and other tax authorities, as part of sweeping new tax reforms under the 2025 Tax Reform Act.

Announced by the National Orientation Agency (NOA) via its official X (formerly Twitter) handle, the directive is aimed at improving tax compliance, curbing financial irregularities, and aligning Nigeria’s fiscal policies with international standards. The new rule, anchored in Section 30 of the Act, places commercial banks at the center of a renewed push for financial transparency.

According to the NOA, this monthly reporting requirement is part of broader efforts to ensure that taxable income, particularly from high-value and informal sector transactions, is captured within the tax system.

In addition to the transaction monitoring directive, the Act introduces several relief measures for low- and middle-income earners. Notably, the threshold for personal income tax exemption has been raised from ₦500,000 to ₦800,000 annually (about ₦66,667 monthly), offering more protection to those struggling with rising living costs.

The reforms also bring new tax exemptions: Capital gains from the sale of a primary residence will no longer be taxed. Compensation of up to ₦10 million for job loss, injury, or defamation will be exempt from taxation.

A new VAT sharing formula will also take effect from 2026:
• Federal Government: 10% (reduced from 15%)
• State Governments: 55% (up from 50%), distributed as follows: 50% equally, 20% by population, 30% by consumption
• Local Governments: 35% (unchanged)

Breaking: Former President Muhammadu Buhari passes.RIP Sir
13/07/2025

Breaking: Former President Muhammadu Buhari passes.
RIP Sir

08/07/2025

BREAKING NEWS

USA has UPDATED it's VISA POLICY for NIGERIANS. Starting today, it will now be SINGLE ENTRY with 3 MONTHS VALIDITY.

‎I’ll accept coalition’s offer to serve one term as president then hand over to North – Peter Obi‎‎Peter Obi, a former p...
30/06/2025

‎I’ll accept coalition’s offer to serve one term as president then hand over to North – Peter Obi
‎
‎Peter Obi, a former presidential candidate of the Labour Party, LP, has claimed he would honour any coalition agreement which could require that he serves a single term and hand over to the North in 2031.
‎
‎In an interview hosted by Parallel Facts on X (formerly Twitter), Peter Obi said that if that unwritten agreement is to be followed strictly then any southerner, including him, who becomes president in 2027 would have to leave office by May 28th, 2031.
‎
‎According to Obi, he is not desperate for power and is more interested in character and integrity.Obi underlined the importance of political zoning and coalition discipline, recounting how he respected zoning principles during his tenure in Anambra State, even when it came at personal political cost.
‎
‎~For the Love of Anambra

Read and Note the new tax reform bills as it concerns you and your household
27/06/2025

Read and Note the new tax reform bills as it concerns you and your household

14/06/2025

De Mood

So so sad!! Family of five relocating from India to the UK tragically d!e in Air India plane crash.
12/06/2025

So so sad!!
Family of five relocating from India to the UK tragically d!e in Air India plane crash.

“I'm Not Here To Make You Happy” — President Tinubu Tells Nigerians On Democracy DayINFO ZONE
12/06/2025

“I'm Not Here To Make You Happy” — President Tinubu Tells Nigerians On Democracy Day
INFO ZONE

The richest Begger in Enugu state.He owns buildings in EnuguSome say he is DSS agent Popular in Shoprite EnuguHave you m...
12/06/2025

The richest Begger in Enugu state.
He owns buildings in Enugu
Some say he is DSS agent

Popular in Shoprite Enugu

Have you met him? What do you know about him?
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