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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EU holds auto talks to revive embattled car sector
EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China. The car industry in particular has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles (EV) and increased competition from China.
ECB to look past Trump risk and push on with rate cuts
Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track. Felix Schmidt from Berenberg Bank was among economists predicting a fresh rate cut by the ECB Thursday, believing that inflation will ease in 2025.
Asian markets diverge in thin trade, with AI impact in focus
Asian equities were mixed in another holiday-thinned trading day Thursday, with investors digesting broadly positive tech earnings that came days after the upheaval caused by China's DeepSeek explosion onto the global AI scene. The DeepSeek news provided an extra facet to the current earnings season, with focus on how US tech giants will react.
Australia says reliance on coal-fired power drops to record low
Australia's reliance on coal-fired power stations has dropped to a record low, accounting for less than 50 percent of its electricity for the first time, the market operator said Thursday.
Salvadoran town hopes Trump brings 'good times' for bitcoin
Bitcoin enthusiasts seeking to turn a mountain town in El Salvador into a cryptocurrency haven hope that US President Donald Trump's return to the White House will boost their cause. In 2021, El Salvador became the world's first country to establish bitcoin as legal tender, at the initiative of President Nayib Bukele, one of the country's most fervent cryptocurrency enthusiasts.
With China's DeepSeek, US tech fears red threat
The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late. "China’s innovation with DeepSeek is jarring, but it’s nothing compared to what will happen if China beats the US on the ultimate goal of AGI, artificial general intelligence.
Meta agrees to pay Trump $25 mn to settle account ban lawsuit
Meta has agreed to pay President Donald Trump $25 million to settle a 2021 lawsuit he filed claiming he was wrongfully censored by Facebook and Instagram after the US Capitol riot, the company said Wednesday. In December, ABC News agreed to pay a $15 million settlement payment to resolve a defamation lawsuit brought by Trump stemming from on-air comments about him made by a top anchor.
Brazil central bank hikes interest rate as Lula's woes mount
Brazil's central bank on Wednesday hiked its key interest rate to 13.25 percent in more bad news for leftist President Luiz Inacio Lula da Silva's government, which is struggling to curb high inflation. The interest rate decision was the first taken under the leadership of new central bank chief Gabriel Galipolo, appointed by Lula, who has fiercely opposed higher interest rates.
Meta posts big profit, plans massive AI investment
Social media giant Meta on Wednesday reported surging profits and revenue for 2024, announcing ambitious plans to expand its artificial intelligence infrastructure in the year ahead. The company expanded its workforce by 10 percent to 74,067 employees in 2024, with plans for further growth in technical roles focused on AI development and infrastructure.
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