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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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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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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AFC explains how Africa can improve food production, reverse $50bn spent on imports
President of the Africa Finance Corporation (AFC), Samaila Zubairu has called on leaders across Africa to address food production in the continent.
Google pays 326 mn euros to settle Italy tax dispute: prosecutor
Tech giant Google has paid 326 million euros to Italy following an investigation into alleged unpaid taxes, Milan prosecutors said Wednesday, as they recommended criminal proceedings be dropped.
Trump says US auto tariffs to be around 25%
US President Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 percent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors. Asked about threatened tariffs on pharmaceuticals and chips, Trump said: "It'll be 25 percent and higher, and it'll go very substantially higher over (the) course of a year."
UK annual inflation jumps more than expected
Britain's annual inflation rate rose more than expected last month, official data showed Wednesday, adding pressure to the Labour government which is also facing sluggish economic growth. The reading is a blow to Prime Minister Keir Starmer's centre-left government as it tries to tackle the dual pressures of rising prices and slow economic growth.
CBN orders bank directors to step down over bad loans, gives ultimatum to recover debts
The Central Bank of Nigeria has asked bank directors connected with non-performing insider loans to step down. CBN also issued an ultimatum to ...
Niger turns to satellites to bridge digital divide
Less than a third of Niger's vast territory has internet access, so the west African country is betting on satellite broadband to bridge the digital divide in remote rural areas. Much of the enthusiasm for satellite broadband comes from remote areas, said vendor Ali Sat.
Philips losses worse than expected in 2024
Philips on Wednesday posted worse-than-expected losses in 2024, as the Dutch medical device maker bids to turn the page on a damaging recall of faulty sleep machines. For the fourth quarter, Philips posted a net loss of 333 million euros on sales of 5.0 billion euros.
EU eyes stricter food import rules in agriculture policy review
The EU plans to crackdown on food imports that do not meet its standards as part of an agricultural policy review to be published Wednesday that looks to appease disgruntled farmers amid global trade tensions.
HSBC targets $1.5 bn in annual cost savings after revamp
Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.
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