A tax expert, Aderonke Atoyebi, has debunked the widespread misconception regarding the newly introduced Tax Identification, describing the rumours as dangerous.
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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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CBN crashes dollar with $29 million intervention in FX market
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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
'Catastrophe': Volkswagen town rattled by Trump trade war
The dour mood at Germany's crisis-hit auto giant Volkswagen has given way to angst and fury as US President Donald Trump has escalated a trade war against friends and foes alike. Veteran auto workers who spent decades at the plants of Germany's storied industrial titan fear for the worst since Trump has ramped up a range of import tariffs, sparking global market turmoil.
Greek general strike hits transport and commerce
More than 15,000 people took to the streets in Greece on Wednesday in the second 24-hour general strike this year, calling for higher wages to match the rising cost of living. Although Greece saw high economic growth of 2.2 percent last year, salaries remain low despite rising taxes and inflation that hit 3.5 percent in the middle of last year.
How the EU is responding to Trump's trade assault
Hit by three waves of painful US tariffs since President Donald Trump returned to office, the European Union's response has been a high-wire act, balancing calibrated retaliation with a push for negotiations to avert an all-out trade war. He added European tech rules were "separate" from the tariff discussions.
Nigerians breathe sigh of relief as food prices decline across markets nationwide
Prices of selected food items have experienced significant decreases across major markets in Nigeria, offering relief to Nigerians who have battled high food costs.
Top Nigerian states with highest, lowest external debts to China, IMF, others as Lagos leads
Nigeria has increased its debt servicing in the 12 months, with DMO data showing the states with the most and least external debts, led by Lagos state.
Nigerian Investors recover some monies as stocks reverse earlier loss
President Donald Trump's recent announcement hiking import tariffs to the US, triggered reactions across stock markets across the world including Nigeria.
Corps members should be paid with e-Naira – Blockchain expert proposes
3 years after launch, the e-naira is yet to live up to the many expectations listed by the CBN. A Blockchain expert suggested ways to increase adoption.
Shareholders lament loss of profits as 10 banks declare N20.8 trillion mandatory deposit with CBN
The Cash Reserve Ratio of 50% mandates Deposit Money Banks to keep 50% of their deposits idle with the CBN, without getting any interest paid on it.
China seeks to 'tariff-proof' economy as trade war with US deepens
China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104 percent levies on its goods.
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