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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Lab-grown diamonds robbing southern Africa of riches
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Trump concerned S. Korean arrests could 'frighten' investors
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Naira gains N37, experts warn dollar hoarders of big losses
Economy Latest News
Where things stand in the US-China trade war
China has hit back against US President Donald Trump's "liberation day" tariffs, slapping 34 percent levies on all imports of American goods. - Trump's new tariffs slap 10 percent levies on imports from around the world.
International Breweries reports N113 billion loss, now on 7-year losing streak
The brewer owns several notable brands in the Nigerian market, including Hero, Trophy lager beer, Grand malt, Beta Malt, Flying Fish, Buddweiser, and others.
Taiwan earmarks $2.7 bn to help industries hit by US tariffs
Taiwan has earmarked $2.7 billion to help industries affected by US President Donald Trump's new tariffs, the government said Friday. Announcing the NT$88 billion ($2.7 billion) assistance package, Premier Cho Jung-tai said the plan was to "address various needs of industries and society in the future."
Naira experiences biggest fall in 2025 in official window, remains Stable in black market
The Nigerian naira depreciated sharply in the official foreign exchange market, trading at N1,569 per dollar from N1,534, the biggest fall in 30 days.
Air Peace, United Airlines, Arik top list as NCAA releases breakdown of flight disruptions
NCAA list shows that out of 70,543 domestic flights operated in 2024, 33,235 were delayed, and 1,189 cancelled. About 35% of int'l flights were affected too.
BP chairman to step down after energy strategy reset
BP on Friday said chairman Helge Lund will step down after a major reset at the British energy giant that saw it recently shelve carbon-reduction targets to focus on fossil fuel output. BP in February launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.
Pacific nations perplexed, worried by Trump tariffs
Pacific island nations hit hardest by US President Donald Trump's trade tariffs are querying the "unfair" impost, and they are fearful of the impact. Papua New Guinea, the most populous Pacific island country, said it had no plans to retaliate against the US decision to impose a 10-percent tariff.
TikTok must find non-Chinese owner by Saturday to avert US ban
TikTok on Friday was hours from a deadline to find a non-Chinese owner or face a ban in the United States. In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.
Trump tariffs to test resiliency of US consumers
In unveiling tariffs this week challenging the decades-old international trade order, President Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns. Brusuelas said the United States has been the "big winner" under globalization, but predicted growth "won't be as exceptional."
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