•Banks Following the implementation of the Tax Act, banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026. The stamp duty or electronic money transfer levy (EMTL) is a single, one-off charge of N50 on electronic receipt or transfer of money deposited in any commercial […]
•Tinubu President Bola Tinubu today said the implementation of the new tax laws, including those enacted on June 26, 2025, and the remaining acts scheduled to commence on January 1, 2026, will take effect as planned. In a statement, Tinubu said the reforms represent “a once-in-a-generation opportunity to build a fair, competitive, and robust f...
•Taiwo Oyedele The federal government will proceed with the implementation of the remaining two recently signed tax reform laws on January 1, 2026, as scheduled, notwithstanding the controversy over alleged alterations, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said. Oyedele spoke to journa...

