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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Trump concerned S. Korean arrests could 'frighten' investors
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Lab-grown diamonds robbing southern Africa of riches
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Naira gains N37, experts warn dollar hoarders of big losses
Economy Latest News
Wall St leads rout as world reels from Trump tariffs
Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious. The White House said Russia was spared because it is already under sanctions over its war in Ukraine which "preclude any meaningful trade."
Authors hold London protest against Meta for 'stealing' work to train AI
Around 100 authors on Thursday protested outside the London headquarters of Meta, accusing the US tech giant of "stealing" content to train its Artificial Intelligence models. A Meta spokesperson told the Guardian that "we respect third-party intellectual property rights and believe our use of information to train AI models is consistent with existing law."
Mexico president welcomes being left off Trump's new tariffs list
President Claudia Sheinbaum of Mexico, the United States' top trading partner, on Thursday welcomed her country's exclusion from the list of nations targeted in Donald Trump's latest round of import tariffs.
NCAA to sanction airlines that fail to notify passengers of travel restrictions
Nigeria Civil Aviation Authority will fine foreign airlines who sell tickets to Nigerian passengers and deport them after only partially completing their journeys.
Lesotho hardest hit as new US tariffs rattle Africa
The small African kingdom of Lesotho feared the worst for its textile industry Thursday after US President Donald Trump imposed 50-percent tariffs on its imports, the highest for a single nation.
Stellantis pausing some Canada, Mexico production over Trump auto tariffs
Auto giant Stellantis said Thursday it was pausing production at some plants in Canada and Mexico, the first disruptions to hit the sector since US President Donald Trump's tariffs on foreign-made vehicles came into force.
Dangote cement, BUA increase valuation by 164% despite forex losses
Dangote cement is the 2nd most valuable stock and accounts for 12.2% of the NGX equity market, while BUA cement is now the seventh most valuable stock.
Naira gains against USD as CBN reports highest net FX reserves in 3 years
The naira has reported a two-week appreciation against the dollar at N1,531 per dollar as the CBN announces the highest FX reserves in three years.
US trade gap narrows in February ahead of bulk of Trump tariffs
The US trade deficit narrowed in February, according to government data released Thursday that was collected before President Donald Trump launched his most recent salvo of punishing worldwide tariffs. In February, the contraction of the US trade deficit came as exports rose and imports were flat, government data showed.
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