The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms.

The VAT will apply to electronic banking charges, including mobile money transfers, USSD transaction fees, and card issuance fees, according to an email notice on Wednesday shared with customers by Moniepoint.

The Rivers State House of Assembly has begun impeachment proceedings against Governor Siminalayi Fubara and his deputy, Ngozi Oduh.

During plenary presided over by the Speaker of the state House of Assembly, Martins Amaewhule, according to a live broadcast on Channels Television on Thursday, the Majority Leader, Major Jack, read out the notice of allegations and gross misconduct against Fubara.

Oil prices fell on Wednesday amid expectations of a surge in supply after United States President Donald Trump said Venezuela would hand over up to 50 million barrels of crude to the US.

According to oilprice.com, Venezuela and the United States reached a deal under which authorities in the South American country would agree to export the oil valued at $2bn to the US.

Manchester United have sacked head coach Ruben Amorim, the club confirmed in a dramatic decision on Monday, 5 January 2026, a club statement revealed.

The Portuguese coach, who only joined the Red Devils in November 2024, has been relieved of his duties amid growing dissatisfaction with the team’s performances and recent comments that exposed internal tensions at Old Trafford

Former world heavyweight boxing champion, Anthony Joshua, has made his first social media post since a fatal car accident in Nigeria that claimed the lives of two close friends and team members.