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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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Trump concerned S. Korean arrests could 'frighten' investors
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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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 administration tells Pentagon to slash budget
The Trump administration has ordered senior US military leaders to plan for expansive cuts that could slash the defense budget by eight percent annually, or some $290 billion within the next five years, US media reported Wednesday. The planned reductions also run counter to calls by Trump and Hegseth for NATO members to increase their military spending to five percent of GDP a year.
US Fed officials worried Trump policies could hinder inflation fight: minutes
US Federal Reserve policymakers expressed concern last month about the potentially inflationary effects of President Donald Trump's trade and immigration proposals, according to minutes of the meeting published Wednesday. Policymakers raised concerns that "the effects of potential changes in trade and immigration policy" could complicate the disinflation process.
EU trade chief says bloc will respond swiftly to US tariffs
The European Union will respond "firmly and swiftly" to protect its interests if Washington imposes tariffs on the bloc's goods, its trade chief said Wednesday, rejecting President Donald Trump's claim that US-EU trade ties are unfair. "To protect European interests, we will have no choice but to respond firmly and swiftly," he added ahead of talks with his US counterparts.
Ikea hopes for furniture market improvement in 2026
World number-one furniture retailer Ikea is hoping the market will improve next year from a decline in consumer spending on furnishing their homes, one of its senior leaders told AFP. During a recent visit to Paris to visit the Swedish chain's new city-centre shop, Inter Ikea chief Jon Abrahamsson Ring told AFP that 2025 is likely to be "challenging".
Arsenal post £17.7m loss despite record revenues
Arsenal lost £17.7 million in the 2023/24 season despite a return to the Champions League helping to post a club record £616.6 million ($775 million) revenue. However, wages skyrocketed to £327.8 million from £234.8 million.
Lagos State Assembly sets N1.4 trillion tax target for LIRS in 2025
The Lagos Internal Revenue Service (LIRS) has a humongous tax revenue target of N1.4 trillion to meet in 2025. The state house of assembly explained why.
Canada announces first high-speed rail: Toronto to Quebec City
Prime Minister Justin Trudeau on Wednesday announced Canada's first high-speed rail line, connecting major hubs from Toronto to Quebec City, calling it "the largest infrastructure project in Canadian history." This will be "the largest infrastructure project in Canadian history," Trudeau told a news conference in Montreal.
New inflation rate: Three Nigerian states with highest cost of living
The National Bureau of Statistics has revealed that Imo, Ebonyi, and Katsina states are Nigerian states with the highest living standards after inflation rebasing.
“N1,500 Per Dollar”: Analysts explain how FG can crash dollar to lowest as new exchange rate emerges
Analysts have disclosed that the current rate of naira at N1,500 is not the best it can be, stating that the FX rate can still strengthen to N1,000 per dollar.
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