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The Nigerian Federal Government has started implementing a ₦50 Electronic Money Transfer Levy (EMTL) on inflows of ₦10,000 and above for users of financial technology platforms such as Opay, Moniepoint, and others. This levy applies to both personal and business accounts and is collected in compliance with the Finance Act 2020, which initially mandated the charge for similar transactions via traditional banks.

The levy is not retained by fintech companies but is directed entirely to the Federal Government through the Federal Inland Revenue Service (FIRS). Notifications about the charges were sent to customers recently, and the policy aims to align fintech operations with the government’s tax framework and revenue goals​​​​​​.

Let me know if you'd like further details on this policy or its implications!
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It appears that your query might contain a mix-up. John Mahama is a former president of Ghana who served from 2012 to 2017, and he has not recently been elected as president. If this is related to a recent news event, I can verify it for accuracy. Let me check for updates regarding Tinubu, INEC, ECOWAS, or Ghana's political situation. Hold on a moment.
President Bola Ahmed Tinubu of Nigeria has congratulated John Dramani Mahama on winning Ghana's December 7, 2024, presidential election. Tinubu praised Mahama’s victory and commended the democratic ethos of Ghana, especially the peaceful concession by Mahama's opponent, Dr. Mahamudu Bawumia. Tinubu emphasized the importance of Mahama’s leadership for regional stability and expressed a commitment to strengthening bilateral ties between Nigeria and Ghana. Mahama, who previously served as Ghana’s president from 2012 to 2017, is set to return to office​​​​.

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For the 2024/2025 academic year, the following are the seven most expensive private universities in Nigeria:

1. Nile University, Abuja
Fees: ₦2.7 million to ₦4.8 million annually, depending on the program【8】【9】.


2. Baze University, Abuja
Fees: ₦2 million to ₦3.2 million per session【8】【9】.


3. Pan-Atlantic University, Lagos
Fees: ₦2 million and above, varying by program【9】.


4. American University of Nigeria (AUN), Adamawa State
Fees: ₦1.9 million to ₦2.7 million annually【8】【9】.


5. Afe Babalola University, Ado-Ekiti
Fees: ₦1 million to ₦2.2 million depending on the course【9】【10】.


6. Igbinedion University, Edo State
Fees: Up to ₦3 million for Medicine and ₦600,000 to ₦700,000 for other programs like Nursing and Computer Science【8】【10】.


7. Covenant University, Ogun State

Fee

For the 2024/2025 academic year, the following are the seven most expensive private universities in Nigeria:

1. Nile University, Abuja
Fees: ₦2.7 million to ₦4.8 million annually, depending on the program【8】【9】.


2. Baze University, Abuja
Fees: ₦2 million to ₦3.2 million per session【8】【9】.


3. Pan-Atlantic University, Lagos
Fees: ₦2 million and above, varying by program【9】.


4. American University of Nigeria (AUN), Adamawa State
Fees: ₦1.9 million to ₦2.7 million annually【8】【9】.


5. Afe Babalola University, Ado-Ekiti
Fees: ₦1 million to ₦2.2 million depending on the course【9】【10】.


6. Igbinedion University, Edo State
Fees: Up to ₦3 million for Medicine and ₦600,000 to ₦700,000 for other programs like Nursing and Computer Science【8】【10】.


7. Covenant University, Ogun State
Fees: Around ₦1.2 million annually, with slight variations by course【8】【9】.



These fees typically cover tuition, accommodation, and other related charges. They are subject to changes based on the institution's policies.

Why Nigerians must pay for new national ID card – NIMC.

The National Identity Management Commission (NIMC) has explained that Nigerians must pay for the newly introduced general multipurpose national identity card due to its advanced features and the resources needed for its production and distribution. The card, which will enhance access to various digital services and promote financial inclusion, operates similarly to ATM cards issued by banks. Citizens can obtain it through banks after payment, with delivery promised within 48 hours.

While registration for the National Identification Number (NIN) remains free, the NIMC clarified that the card's issuance incurs costs to cover improved infrastructure, data management, and service delivery. This aligns with efforts to upgrade Nigeria’s digital identity system and ensure seamless service for citizens. NIMC emphasized that the charges would be reasonable and are part of efforts to improve efficiency and eliminate corruption in the process​​​​​​.

Civil society organizations (CSOs) recently staged a protest at the National Assembly, expressing outrage over the Nigerian National Petroleum Company Limited's (NNPCL) decision to import 1.6 billion liters of petrol. The demonstrators criticized the reliance on fuel importation despite the establishment of local refineries like the Dangote Refinery, labeling it an act of sabotage against Nigeria’s economy. They argued that this undermines domestic refining capacity, hinders job creation, and exacerbates the country’s financial challenges​​​​.

The CSOs demanded accountability and reforms in NNPCL's operations, condemning the alleged importation of substandard fuel and rising petrol costs, which have reportedly reached over ₦1,000 per liter in some areas. These issues, combined with the persistent fuel scarcity, have heightened economic hardships for Nigerians, contributing to inflation and transportation difficulties​​​​.


http://35ugahmato2..com/2024/11/civil-society-is-here-again.html

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CFPs: Ambassadors Fund for Cultural Preservation Grant Program in Suriname
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President Bola Tinubu has sought approval from the Nigerian National Assembly for a $2.2 billion external loan to fund various development projects. This borrowing is part of the government's broader economic recovery agenda, which includes stabilizing the macroeconomic environment, reforming fuel and foreign exchange pricing, and boosting local production. The funds are also tied to the 2024 Appropriation Act and are expected to support infrastructure and economic growth​​​​.

However, experts and stakeholders have expressed concerns about Nigeria's growing debt burden, which could exacerbate fiscal challenges. Critics argue that the government needs to prioritize transparency and ensure the borrowed funds are used efficiently to avoid further strain on the country’s economy​​.

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