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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Naira gains N37, experts warn dollar hoarders of big losses
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Breakout Chinese AI 'programmed' to toe the party line
Chinese AI chatbot DeepSeek has made waves in Silicon Valley, stunning investors and industry insiders with its ability to match the skills of its Western competitors at a fraction of the cost. Its replies to delicate questions echo a domestic competitor, ERNIE Bot, developed by Chinese tech giant Baidu.
Japanese tech stocks hit by AI fears, dollar boosted by tariff talk
Japanese tech firms sank Tuesday after a sell-off in US titans following news of China's DeepSeek chatbot, while the dollar rallied on a report saying Washington was considering universal tariffs on a range of goods.
For these 'Made in America' CEOs, Trump's tariffs won't change the game
Entrepreneurs running small and medium-sized businesses that manufacture and source exclusively in the United States have learned to cope with globalization, and do not expect major changes from Donald Trump's tariffs threats. "I think maybe in the short term, it could be helpful," he said of Trump's tariff threats, adding that they could drive inflation in the long run and raise production costs.
EU, Britain to face off in post-Brexit fishing battle case
A tiny silver fish which is an important food source in the North Sea will take centre stage Tuesday as the European Union and Britain square off over post-Brexit fishing rights. Because of climate change and commercial fishing, the tiny fish "risked further decline... as well as species that are dependent on sandeels for food including fish, marine mammals, and seabirds".
Billionaire financier Bessent confirmed as Trump's treasury chief
Billionaire hedge fund manager Scott Bessent won Senate approval Monday to become US Treasury secretary, placing him at the forefront of implementing Donald Trump's economic agenda -– which is already triggering global jitters. Mike Crapo, who chairs the Senate Finance Committee, said Monday that Bessent was "committed to restoring the prosperity and opportunity" seen under Trump's leadership.
Silicon Valley rattled by low-cost Chinese AI
Fears that the AI gold rush could be under threat rocked Wall Street on Monday following the emergence of a ChatGPT-like model from China, triggering predictions of turmoil for Silicon Valley and accusations of cheating.
Lawmakers set to confirm Scott Bessent for US Treasury chief
The US Senate is widely expected to confirm billionaire hedge fund manager Scott Bessent for Treasury secretary Monday, putting him at the forefront of implementing Donald Trump's economic agenda -- which is already sparking global jitters.
Tesla, BMW take EU to court over China EV tariffs
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday. Under the EU tariff scheme, Tesla vehicles manufactured in Shanghai face an additional surcharge of 7.8 percent on top of 10 percent already in place for EV imports from China.
Nigerians stock up massively as Tomato prices crash across markets
After months of buying tomatoes at ridiculously high prices, Nigerians are now taking advantage of the tomato glut to stock up the product at very low prices.
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