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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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Norway sovereign wealth fund drops French miner over environmental fears
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Naira gains N37, experts warn dollar hoarders of big losses
Economy Latest News
Starbucks profits fall but points to progress in turnaround
Starbucks reported lower profits Tuesday in results that still topped expectations as the company's new CEO described various pilot program tests to reinvigorate the chain. Starbucks is also experimenting with algorithms that can improve efficiency in the production of drinks ordered through the company's smartphone app, Niccol said.
GM 2025 profit forecast clouded by Trump policy unknowns
General Motors faced questions Tuesday about the impact of potential moves by the Trump administration targeting trade and the environment, with the uncertainty overshadowing the company's latest results. Acknowledging the "uncertainty," Chief Executive Mary Barra said the company had been "proactive" in engaging the Trump administration and Congress.
DeepSeek shock shows Europe not out of AI race: experts
China-based DeepSeek's artificial intelligence model has shaken the sector by offering high performance apparently at a fraction of the cost of those developed by US giants, with many experts saying the release also hints at opportunity for investment minnow Europe.
European watchdog takes aim at online gambling, gaming among youths
Online gambling and gaming can cause depression and other mental health issues in young people, which the Council of Europe rights watchdog is trying to counter with a new project encouraging good policy and awareness raising.
US stocks, Nvidia shares steady after Chinese AI shock
US stocks and shares in chip-making giant Nvidia on Tuesday clawed back some of their losses following a sell-off triggered by the sudden success of Chinese artificial intelligence firm DeepSeek.
Hopes for turnaround lift Boeing shares despite huge losses
Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024, but shares rallied on hopes that early turnaround signs under a new CEO may bear fruit. The US aviation giant reported a fourth-quarter loss of $3.9 billion as the company continued to experience a hit from a more than seven-week labor strike that shuttered two major assembly plants.
CBN set to commence payment of forex backlogs, gives update on verification
The Central Bank of Nigeria has announced that it is ready to commence repayment of all forex backlogs. The apex bank also released a new update on the verification
UK's first AI classroom without teachers sparks debate
Britain's first teacherless AI classroom may be an "outlier", but it underlines the potential benefits and risks of a UK government drive to rollout artificial intelligence in education, experts say. - 'Efficient' - However, Rose Luckin, a professor at University College London (UCL) who researches AI in education, said AI was an "outlier" with an uncertain future in British classrooms.
LCCI speaks on how hike on call, data tariffs will impact low-income Nigerians
The Lagos Chambers of Commerce and Industry have spoken on the approved telecom tariff increase. The body warned that Nigerians may not be able to afford it
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