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Showing posts with the label TAX

Nigerian Government Will Start Taxing your Crypto Earnings from January 2026! See Breakdown...

By Michael Ehindero
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Effective January 2026, the Nigerian Government will start collecting taxes from Crypto. This new law works such that you're only paying taxes only when you make profits from Cryptocurrencies. See the Tax Percentage for each earning band below..... Responsive Tax Table Annual Income Tax Rate ₦800,000 ($537.54) 0% ₦2.2 million ($1,478.24) 15% ₦9 million ($6,047.33) 18% ₦13 million ($8,735.03) 21% ₦25 million ($16,798.14) 23% ₦50 million ($33,596.28) 25% If you invest $2,000 (₦2.93 million) in bitcoin and later sell it for $4,000 (₦5.86 million ), your profit of $2,000 (₦2.93 million) becomes taxable un...
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Nigerian FG announces new requirement for opening bank account

By Michael Ehindero
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The  Nigerian Federal Government has announced that Tax Identification (Tax ID) will become compulsory for all Nigerians involved in banking and allied services from January 1, 2026. The new directive is part of the Nigeria Tax Administration Act, 2025, recently signed into law by President Bola Tinubu. Under Part II Section 4 of the Act, all taxable individuals and organizations must register with the relevant tax authority and obtain a Taxpayer Identification Card. The Act further stipulates that every ministry, department, and agency at federal, state, or local levels must also secure a Tax ID. Non-resident individuals or entities supplying taxable goods or services in Nigeria are equally mandated to obtain one. The law empowers tax authorities to issue a Tax ID on behalf of those who fail to apply, or to reject applications if available information warrants such action. Applicants must be notified of any refusal within five working days. In addition, Section 8 of th...
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Trending Stories On MEB

Cardi B’s boyfriend, Stefon Diggs 'Allegedly' expecting twins with “Kiki” from Drake’s “In My Feelings”

By Michael Ehindero
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Cardi B ’s boyfriend, NFL wide receiver Stefon Diggs , is facing intense media scrutiny after multiple reports emerged detailing a staggering baby boom that brings his total number of expected children to nine, by six different women. The news broke with the report that Diggs is expecting twins with K’yanna “KJ” Barber , better known to pop culture fans as “Kiki” from Drake's 2018 hit song “In My Feelings.” Sources indicate Barber is now reportedly pregnant with Diggs’ second set of twins. Simultaneously, the athlete is also reportedly expecting a separate set of twins with a third woman, Cay Benji , who is already a mother to one of his children. Cardi B's man is definitely stealing the show on and off the pitch, 9 babies with 6 women! The NFL star's life is definitely a real life soap opera¡ Share this story
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Watch the Moment Lil Durk's Associate, THF Bayzoo was Fatally Shot & Kill**d in Broad Daylight [GRAPHIC]

By Michael Ehindero
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Chicago drill rapper Devonsha Collier, known as THF Bayzoo and an associate of Lil Durk, was fatally shot this past weekend in Little Village, Chicago, authorities said. Collier, 35, was struck around 3 p.m. Saturday on the 3100 block of South St. Louis Avenue. Two other men, ages 39 and 42, were also injured. Collier was taken to Mount Sinai Hospital and pronounced dead early Sunday. Police have ruled the case a homicide. No suspects were in custody as of Monday. Video allegedly showing the attack surfaced on social media shortly after the shooting. Collier was previously acquitted in a 2009 murder case after being arrested in 2014 at rapper Lil Durk’s Orland Park home. He was found not guilty in 2017. Share this story
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"I've Ordered the Pentagon to Prepare for Possible Action in Nigeria" - President Donald Trump

By Michael Ehindero
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U.S. President Donald Trump on Saturday said he has directed the Pentagon to prepare plans for potential military action in Nigeria, escalating his claims that the Nigerian government is not doing enough to curb the persecution of Christians in the country. In a post on the social media platform ' Truth ' President Trump wrote: "If the Nigerian Government continues to allow the killing of Christians, the U.S.A. will immediately stop all aid and assistance to Nigeria, and may very well go into that now disgraced country, 'guns-a-blazing,' to completely wipe out the Islamic Terrorists who are committing these horrible atrocities," Trump posted on social media. "I am hereby instructing our Department of War to prepare for possible action. If we attack, it will be fast, vicious, and sweet, just like the terrorist thugs attack our CHERISHED Christians!" Trump also warned that the United States “will immediately stop all aid an...
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"If you can Satisfy me with 2 Rounds & 2 S*×m, I will reward you with Noodles, Golden Morn and Corn Flakes" says Nigerian Underage Girl [WATCH]

By Michael Ehindero
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An obviously underage Nigerian girl was captured on video using explicit language¡ View this post on Instagram A post shared by MEB (@michaelehinderosblog) In the video she can be heard saying she has a reward of Noodles, Cornflakes & Golden Morn & Cash for any gallant man who can Satisfy her. Do you think this is a result of bad parenting? Let's know in the comments..... Share this story
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Lagos Socialite, Pretty Mike Arrested by NDLEA over Drug Themed Party

By Michael Ehindero
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" The National Drug Law Enforcement Agency (NDLEA) has detained popular Lagos socialite and nightclub proprietor, Mike Eze Nwalie Nwogu, known as Pretty Mike, following a raid on his Victoria Island establishment where a suspected drug-themed party was taking place. The operation targeted Proxy Nightclub at 7 Akin Adesola Street in the early hours of Sunday, October 26th. According to an NDLEA statement by its Director, Media & Advocacy, Femi Babafemi, the agency had received intelligence about the nature of the event and sent undercover operatives into the venue from 11 pm on Saturday. The gathering was subsequently disrupted around 3 am on Sunday morning, in line with the agency’s Standard Operating Procedures. Over 100 individuals were taken into custody for screening, including Pretty Mike, who was identified as the club's owner. NDLEA operatives reported recovering cartons of illicit substances from both the club's store and from attendee...
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"One Wife? I Pity You," Says Ned Nwoko as Regina Daniels Acquires ₦150m Home" [WATCH]

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The drama between Senator Ned Nwoko & his estranged wife Regina Daniels took another turn recently ___________________ RELATED : You Beat My Sister Again, Smashed Her Head on the Wall & Ran Away says Regina Daniels Brother as Chaos Erupts in the Nwoko Household¡¡ [VIDEO] ___________________ during an interview between Ned Nwoko & Seun Okinbaloye of Channels TV. __________________ _______________________ In this Interview, Ned Nwoko seemed to stir up some new drama saying  "Having One Wife is Like Standing on One Leg, I Feel Sorry for Men with One Wife". This comes amid fresh news of Regina Daniels purchasing a new Lagos home worth about N150 million naira.  We haven't seen the last of these 2 have we? we'll keep you updated on MEB as this drama unfolds! Share this story
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I thought you had more money than me when you came to Lagos, only to find out you were Broke and into Tik Tok Money Laundering ~ Peller to Jarvis

By Michael Ehindero
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Illiterate Nigerian Streamer, Peller & his Robotic girlfriend Jarvis are in the news again and this time Peller was singing like a bird. Saying he thought Jarvis was richer than him when they first met but upon getting closer to her, she confided in him that she was broke & into Tik Tok money laundering.... Do you think we've seen the last of these two, I don't, we'll keep you posted. Share this story
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"I was pressed and squeezed like bread at Davido's Concert, I had to pack my Ngwogwo & Flee" - Says X User [WATCH]

By Michael Ehindero
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An X user, narrated her scary experience at a recent Davido concert in Enugu. In this video, she can be heard saying..... ____________________________ _____________________________ "I was Pressed & Squeezed like bread, the guy behind me was Rock Hard, a security man literally had to carry me out, I found out my friend's iPhone 16 Pro Max was stolen that was the moment I knew i had to pack my Ngwogwo and flee" Share this story
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United States Revokes Nobel Laureate Wole Soyinka's Visa

By Michael Ehindero
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Nigerian Nobel laureate Professor Wole Soyinka on Tuesday disclosed that the United States has revoked his visa, effectively barring him from entering the country for the time being. Speaking during a media session at Kongi’s Harvest Gallery in Freedom Park, Lagos, Soyinka said he was shocked by the development, stressing that he was unaware of any action that could have triggered the decision. “I felt it necessary to call this conference so those in the United States expecting me for engagements don't waste their time,” he said. “I have no visa; I am banned, obviously, from the United States. And if you want to see me, you know where to find me.” Soyinka previously held permanent residency in the U.S., but relinquished his green card in 2016 in protest against the election of former President Donald Trump. Share this story
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