INFO ZONE

"The VIP Protection unit of the NSCDC will replace the Police as guards of VIP’s nationwide",-Tinubu

12 NEW States approved by Nigerian Senate!

The Nigerian Senate has officially approved the creation of 12 new states across the country. This move is meant to bring government closer to the people, promote fairness, and support development in all regions.

After nationwide consultations, the Senate passed the final reading for the new states, which will be added to the current 36.

These are the 12 new states:👇👇

SOUTH WEST

Ijebu State – from Ogun State

Ibadan State – from Oyo State

SOUTH EAST

Anim State – from parts of Anambra and Imo States

Adada State – from Enugu State

SOUTH SOUTH

Toru-Ibe State – from parts of Ondo, Edo, and Delta States

Obolo State – from Akwa Ibom State

NORTH EAST

Savanna State – from Borno State

Amana State – from Adamawa State

NORTH WEST

Tiga State – from Kano State

Gurara State – from Southern Kaduna

NORTH CENTRAL

Okura State – from Kogi State

Apa State – from Benue State

This is a major step to ensure every part of Nigeria is fairly represented and gets the development it deserves. The new states will help bring more jobs, better services, and closer connection between the people and the government.

INFO ZONE

Be informed

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 last
07043142444

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)