Abdallah

⚖️

[Oladayo @_firstoca]

how i go cover my CTB expenses then? 😂

[Yusuf Anka @ankaboy]

They were sent by his failure to protect them. It is kindergarten to understand this.

[Abdallah @AAbbasmohammed]

These are young boys roughly 16-20. We are in deep sh*t man. The scariest part is that if you frequent this road you would have easily ran into them.

[𝐀𝐁𝐔𝐉𝐀 𝐐𝐔𝐄𝐄𝐍 👑 @AbujaxQueen]

Look at how these bandits are calmly waiting on the road, patiently waiting for innocent people to fall victim. 😱

[Abdallah @AAbbasmohammed]

Your next Senate President btw🤦🏾‍♂️

[The Compass Hub @thecompasshub]

The Federal Government has directed all Ministries, Departments and Agencies to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing the provisions of the Nigeria Tax Act 2025.

“In view of the above and in order to ensure strict compliance with the provisions of the Nigeria Tax Act 2025, as well as to prevent the misapplication of statutory deductions, all MDAs are hereby directed to note that the Nigeria Tax Act 2025 provides that stamp duty is imposed on chargeable instruments and not on payment transactions,” the circular stated.

It further directed MDAs to “discontinue the one per cent stamp duty deduction from payments to contractors, vendors, suppliers and service providers” and ensure that stamp duty is only charged, deducted or remitted where expressly required under the provisions of the Act.

The government further explained that while contracts awarded before January 1, 2026, would continue to be treated under the previous framework, contracts awarded after that date would be subject to the provisions of the new tax law.

Attached to the circular was the Ninth Schedule of the Nigeria Tax Act 2025, which outlines instruments that remain subject to stamp duty. These include agreements for the sale of real property, annuities, assignments, bonds, bills of exchange, nominal shares, loan capital and contract notes for marketable securities, with rates ranging from 0.04 per cent to 1.5 per cent, depending on the nature of the transaction.

The circular was addressed to top government officials and institutions, including ministers, permanent secretaries, heads of extra-ministerial agencies, directors of finance and accounts, internal auditors, federal pay officers and heads of diplomatic missions, directing them to give the circular the widest possible circulation and ensure strict compliance.

The Federal Government had, through a 2017 Treasury Circular, directed MDAs to deduct and remit one per cent stamp duty on payments to contractors and suppliers as part of revenue collection efforts.

However, the enactment of the Nigeria Tax Act 2025 introduced sweeping reforms to the country’s tax administration framework, including a clearer definition of transactions and instruments subject to stamp duty.

The latest directive effectively ends the deduction of stamp duty on routine government payment transactions and aligns enforcement with the provisions of the new tax law.

[Taiwo Oyedele @taiwoyedele]

FEDERAL MINISTRY OF FINANCE

PRESS RELEASE

𝐅𝐄𝐃𝐄𝐑𝐀𝐋 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐈𝐒𝐒𝐔𝐄𝐒 𝐓𝐑𝐀𝐍𝐒𝐈𝐓𝐈𝐎𝐍 𝐆𝐔𝐈𝐃𝐄𝐋𝐈𝐍𝐄𝐒 𝐅𝐎𝐑 𝐓𝐀𝐗 𝐀𝐂𝐓𝐒 2025

The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026.

Issued by the Federal Ministry of Finance, the Guidelines provide direction to taxpayers, tax practitioners, revenue authorities and other stakeholders on how to address various issues arising from the old regime to the new framework.

Under the Guidelines, the Tax Acts 2025 comprising the Nigeria Revenue Service (Establishment) Act, the Nigeria Tax Act, the Nigeria Tax Administration Act, and the Joint Revenue Board (Establishment) Act apply from the respective commencement dates as enacted in each law. In particular, January 1, 2026 for the Nigeria Tax Act, 2025.

Tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before that date will be treated under the repealed tax laws.

Tax returns relating to accounting periods ending before January 1, 2026, will be filed under the previous tax laws, while returns relating to accounting periods ending from January 1, 2026, onward will be administered under the new tax framework.

The document also covers the treatment of income taxes, transaction taxes, development levies, tax incentives, exemptions, record-keeping obligations and transactions that span both the old and new tax regimes.

Existing tax incentives and exemptions granted under the repealed laws will remain in place until their expiration dates. New applications and pending requests, however, will be considered under the provisions of the Tax Acts 2025.

Speaking on the release of the Guidelines, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, said the document provides a framework for managing transitional issues while ensuring that the new laws are not applied retrospectively.

He described the Tax Acts 2025 as a significant milestone in Nigeria's tax reform programme, noting that the Guidelines set out how existing obligations, ongoing matters and future transactions will be treated under the new regime.

According to the Minister, the Guidelines are anchored on three key principles - clarity, fairness and administrative certainty.

The Guidelines are intended to promote uniform implementation and support effective administration across the Nigeria Revenue Service, State Internal Revenue Services, the FCT Internal Revenue Service, Local Government Revenue Committees, tax practitioners and taxpayers nationwide.

The Government reaffirmed its commitment to building a transparent, efficient and modern tax system that supports economic growth, strengthens revenue administration, encourages voluntary compliance and improves Nigeria's investment climate.

Efe Ovuakporie
Director, Press Relations
Federal Ministry of Finance

June 18, 2026

[𝑴𝑵🪜 @mn_almustapha]

Not a woman but posting this about my aunt who is an inspirational figure and mentor, Dr. Amina Sambo Magaji, PhD, Artificial Intelligence and amongst the 30 global Outstanding women in Data & AI.

@DrSamboMagaji

[Abdallah @AAbbasmohammed]

@ElderImran @FaridaUsIdxxxe

[• @Al__Quraan]

Alhamdulillah, grateful for another blessed day. May Allah ease everything. Aamiin

[Najib @Rilwannajib]

Telling people not to talk about insecurity because it makes this government look bad is the same as saying the lives of those killed are irrelevant & the lives yet to be affected aren’t worth protecting.

[Yusuf Anka @ankaboy]

The statement by the Zamfara State Governor that insecurity in the state has reduced by 60% is inaccurate and insensitive, particularly at a time when attacks on civilians remain alarmingly high. Across many parts of Zamfara, people continue to face restrictions of movement.

[27. @dimvji]

some people have zero desire to be seen. they just want a quiet & blessed life (me)

[Emînè 🫧 @tattu__x]

Innalillahi wa inna ilaihi raji'un.

[Bakatsine @DanKatsina50]

SAD NEWS: This afternoon, bandits attacked Zurmi residents in their farms at Zurmi LGA of Zamfara State, they killed four farmers and abducted unspecified number of people working in their farms.

The armed attackers reportedly stormed the farmlands, opening fire and causing panic as farmers fled for safety, while several others were taken away to unknown locations.

This latest incident adds to the growing wave of insecurity affecting rural communities in the area, leaving families devastated and livelihoods disrupted.

How many more innocent farmers must be lost in their own fields before real protection finally comes?

[Nigeria Stories @NigeriaStories]

JUST IN: 20 people have been kill€d in a fresh attack by the Lakurawa jihadist group in Kebbi State, raising urgent concerns over the resurgence of terror networks along Nigeria’s northwestern borders.

[Ministan Shaddah👳🏽‍♂️(M.S) @A6da11ah_M5]

Mata ba za su qare ba—at the end of the day, you will have to learn to lower your gaze.

[lowkey🧃 @deylowkey247]

but on a serious note, if you see girl wey truly love you no use am play

[Bakatsine @DanKatsina50]

SEVEN VIGILANTE OPERATIVES KILLED IN BANDIT ATTACK ON SECURITY CAMP IN NIGER STATE

Seven members of a local vigilante group stationed at Matseri Camp in Kotonkoro District of Mariga Local Government Area, Niger State, have been killed following a deadly attack by armed bandits on Saturday.

Information obtained by Gaskiya News Hausa revealed that the bandits reportedly came from the Sangeko area of neighboring Zamfara State and launched a surprise assault on the vigilantes' camp, opening fire on the operatives.

Sources said the vigilantes engaged the attackers in a fierce gun battle before they were eventually overwhelmed. However, the security volunteers reportedly succeeded in killing several of the bandits during the exchange of gunfire.

The incident is the latest in a series of security challenges affecting communities in parts of Niger and Zamfara States, where armed groups have continued to carry out attacks on both civilians and security personnel.

As of the time of filing this report, authorities had not issued an official statement regarding the attack.

[Abdallah @AAbbasmohammed]

Lmao😂😂 Chelsea oo

[Fabrizio Romano @FabrizioRomano]

🚨💣 EXCLUSIVE: Real Madrid reach verbal agreement to sign Marc Cucurella from Chelsea, HERE WE GO!

Verbal agreement in place between all parties, player too — he’s the left back wanted by Mourinho. Details to follow.

Cucurella leaves #CFC and joins Madrid after World Cup. ⚪️🇪🇸

[Abubakar A. M (QS) @Khalifa_Emgeear]

Our generation is paying the price for decades of bad decisions we never made. We inherited problems we did not create

Allah ya isa!