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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Meta plans undersea cable to link five continents
Facebook and Instagram parent company Meta has said it will lay an undersea cable stretching across five continents to carry data, including for developing artificial intelligence.
US lawmakers due to confirm Howard Lutnick as commerce secretary
The US Senate is expected to confirm Wall Street billionaire Howard Lutnick as commerce secretary Tuesday, a key step towards the rollout of President Donald Trump's "America First" trade policy with tariffs used as a broad negotiation tool. Already, the commerce secretary has a broad agenda to implement and negotiations with some of the United States' biggest trading partners to contend with.
Financial inclusion: How Nigeria moved from ATMs to a PoS-driven economy
As the Central Bank of Nigeria continues to drive the vision of a cashless economy, Nigerians appear to be resorting to POS operators for quick access to cash.
German auto supplier Continental to cut 3,000 more jobs
German auto supplier Continental said Tuesday it will cut a further 3,000 jobs by the end of 2026, the latest sign of weakness for the country's auto sector. Sports car maker Porsche announced 1,900 layoffs last week, citing weak demand for its electric cars, and Volkswagen last December reached an agreement with unions to cut 35,000 jobs across its German locations by 2030.
Food Inflation crashes down to 26% as NBS releases rebased CPI Report
The National Bureau of Statistics (NBS) have released shocking figures showing that inflation is down, in the newly rebased Consumer Price Index (CPI) report...
Nearly 3,000 passengers take action against domestic, international airlines, give reasons
The Nigeria Civil Aviation Authority (NCAA) has received about 2800 complaints against domestic and international airlines over maltreatment and flight delays...
After Trump tariffs, EU must urgently revamp economy: Draghi
Radically changing the European economy is more urgent than ever after US threats of a trade war with the EU, the author of a seminal report, Mario Draghi, warned Tuesday. "The sense of urgency to undertake the radical change that the report advocated has become even greater," Draghi told the European Parliament.
UK court backs £3 bn loan for indebted Thames Water
A court on Tuesday approved a £3 billion ($3.8 billion) emergency loan for Britain's largest water supplier Thames Water, offering it a lifeline as it buckles under a mountain of debt. To help turn its fortunes around, Thames is appealing to Britain's water regulator to hike its bills further and is looking to attract takeover offers.
Prices of sugar, vegetable oils cause dip in global food price index
The Food and Agriculture Organization (FAO) index shows a drop in the global food price index, and these are the food commodities triggering the drop...
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