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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Trump concerned S. Korean arrests could 'frighten' investors
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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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Naira gains N37, experts warn dollar hoarders of big losses
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Asian markets fluctuate ahead of expected US rate cut
Economy Latest News
CBN finally speaks on release of new N5,000, N10,000 notes, declares highest FX reserves in 3 years
The Central Bank of Nigeria (CBN) has described as untrue the purported release of N5,000 and N10,000 banknotes, saying the report was not from the bank.
Billionaire Tony Elumelu's company set to hit 100,000 barrels of oil production daily
Local refineries like the Dangote and Edo Refineries will soon have more options of where to purchase crude oil, as Heirs Energies has shared plans to hit 100k bpd.
India eyes opportunity despite Trump tariffs hit
India reacted cautiously on Thursday to US President Donald Trump's sweeping tariffs, with the government saying it was examining both "implications" and "opportunities" from the duty hikes. India's Department of Commerce said on Thursday it is "carefully examining the implications of the various measures".
Germany slams Trump tariffs, US tech titans in crosshairs
German Chancellor Olaf Scholz on Thursday slammed sweeping new US tariffs as "fundamentally wrong" as Berlin warned that the European Union could retaliate by targeting American tech titans. US duties of 25 percent on imported cars also took effect Thursday, a huge blow for German titans like Volkswagen, Mercedes and BMW, for whom the United States is a major export market.
India says 'examining the implications' of US tariffs
India said Thursday it was "examining the implications" of sweeping US tariffs, saying it was eyeing "opportunities" after rival competitors were harder hit by US President Donald Trump's hike in duties.
Trump tariffs spark fears for Asian jobs, exporting sectors
Across Asia, factory workers, directors, trade associations and analysts voiced concern Thursday that US President Donald Trump's stinging tariffs could put jobs at risk and hammer key sectors of industry. Vietnam was hammered with huge tariffs of 46 percent as part of Trump's global trade blitz, which sent shares tumbling more than seven percent in Hanoi on Thursday.
Nintendo Switch 2 sparks excitement despite high price
Nintendo fans excited over the upcoming Switch console said Thursday they were disappointed by the high price tag, as US tariffs bite. Some media reported that export data shows Nintendo has been amassing an inventory of the new Switch in the United States to get ahead of the tariffs.
US's Asia-Pacific allies stung by Trump tariffs
China vowed "countermeasures" to Donald Trump's sweeping tariffs on Thursday but elsewhere in the Asia-Pacific region US allies were still scrambling for last-ditch talks to mitigate the levies that will hit Asia's manufacturing powerhouses hard.
NIPSS gives timeline for fuel price to crash to N750/litre, dollar to drop to N1,300
After weeks of declining fuel prices, the pump price of PMS recently climbed up again and now sells above N930/litre, The NIPSS has given a date for prices to crash
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