The Federal Government says from January 1, 2026, Nigerians without a Tax ID cannot operate bank, pension, insurance, or investment accounts in Nigeria.
Economy
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Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Lab-grown diamonds robbing southern Africa of riches
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Naira gains N37, experts warn dollar hoarders of big losses
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Highlights from Nigeria’s Q4 trade data as exports rise above imports
Economy Latest News
Mexico avoids recession despite tariff uncertainty
Mexico's economy returned to growth in the first quarter of 2025, avoiding a recession despite deep uncertainty over US President Donald Trump's sweeping tariffs, official data showed Wednesday. The positive growth means Mexico outpaced the US economy, which data released on Wednesday showed contracted in the first three months of the year.
Microsoft president urges fast 'resolution' of transatlantic trade tensions
Microsoft President Brad Smith called Wednesday for a swift resolution of trade tensions between the United States and Europe, during an interview with AFP in Brussels. It's been important and good for the United States, it's been important and good for Europe," Smith said.
MTN Nigeria returns to profitability after two years, posts N133.7 billion profit
In 2023 and 2024, MTN Nigeria posted over N537 billion losses, causing great worries to shareholders. But the gloomy days seem to be over now with the latest result.
Airport operator warns air travellers against violence, takes legal action against offenders
The airport operator has warned that physical violence against airport staff will not be condoned, especially from passengers trying to escalate complaints.
More automakers drop earnings guidance over tariffs
Germany's Mercedes-Benz and US-European group Stellantis, whose brands include Jeep, Peugeot and Fiat, joined other automakers Wednesday in suspending their annual financial guidance because of uncertainty over US tariffs.
German growth better than expected but tariff turmoil looms
Germany's struggling economy grew faster than expected at the start of the year, data showed Wednesday, in a boost for the incoming government of conservative Friedrich Merz even as US tariffs threaten to derail the nascent recovery.
Eurozone economy grows more than expected despite US tariff turmoil
The eurozone economy expanded more than expected at the start of the year, official data showed on Wednesday, despite US President Donald Trump's tariffs but global trade tensions threaten more pain and near stagnation in 2025.
NBS launches daily food price update for Nigerians, shares reasons and benefits
Nigerians can get today's price of rice, beans, yams, garri and other key food items in the market. NBS has launched a platform to make the data available.
Germany's next finance minister, 'bridge-builder' Lars Klingbeil
Germany's incoming finance minister Lars Klingbeil is a self-styled political "bridge-builder" whose calm and personable demeanour belies his sharp political instincts.
Economy
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