The Federal Government says from January 1, 2026, Nigerians without a Tax ID cannot operate bank, pension, insurance, or investment accounts in Nigeria.
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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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Highlights from Nigeria’s Q4 trade data as exports rise above imports
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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
Economy Latest News
Dollar crashes to three-year low as naira appreciates against pound, euro, others
The US dollar has hit its lowest in three years following President Donald Trump's tariff policies, while the Nigerian naira appreciated against the euro
World could boost growth by reducing trade doubt: IMF chief economist
Policymakers should find a way to reduce the uncertainty over trade policy kicked up by Donald Trump's tariff plans in order to boost global growth, the International Monetary Fund's chief economist said in an interview.
IMF slashes global growth outlook on impact of US tariffs
The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US President Donald Trump's new tariff policies on the world economy.
IMF slashes China growth forecasts as trade war deepens
The IMF said Tuesday it now believed China's economy will only grow by four percent this year, well below Beijing's official target as it fights a mounting trade war with the United States that threatens to hammer the global economy.
US official asserts Trump's agenda in tariff-hit Southeast Asia
The first US official to visit Southeast Asia since Washington announced punitive tariffs on the region's countries on Tuesday issued a robust defence of President Donald Trump's foreign policy approach. The two-day meeting between Washington and the 10-country Association of Southeast Asian Nations bloc is being held in the city of Siem Reap.
Roche says will invest $50 bn in US over next five years
Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years. "Our investments of $50 billion over the next five years will lay the foundation for our next era of innovation and growth, benefiting patients in the US and around the world." noo/ach/rjm
Can Europe's richest family turn Paris into a city of football rivals?
Paris has everything -- stunning architecture and arguably the best food and fashion in the world. That may be about to change thanks to one of the wealthiest families in the world.
US to impose new duties on solar imports from Southeast Asia
The United States on Monday announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector. If imposed, the new levies will come on top of the blanket 10 percent levy imposed by Trump since early April on products entering the United States from most trading partners.
Auto Shanghai to showcase electric competition at sector's new frontier
The world's biggest auto show opens Wednesday in Shanghai, with foreign carmakers raring to show they can compete against the ultra-competitive Chinese firms that dominate the sector's new electric frontier. Analysts consider the Chinese market, the world's largest, younger-leaning and more open to novelty.
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