A tax expert, Aderonke Atoyebi, has debunked the widespread misconception regarding the newly introduced Tax Identification, describing the rumours as dangerous.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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CBN crashes dollar with $29 million intervention in FX market
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Naira gains N37, experts warn dollar hoarders of big losses
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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Panama Canal will 'remain' Panamanian: UN maritime chief
The Panama Canal will remain Panamanian, the secretary general of the United Nation's maritime body told AFP on Tuesday, after Donald Trump refused to rule out using military force to seize the key waterway.
Amazon orders 200 Mercedes-Benz electric trucks
Online retailer Amazon has purchased 202 electric Mercedes-Benz eActros 600 vehicles from Germany's Daimler Truck, the automaker said Tuesday, marking both firms' largest-ever order for battery-powered lorries. Daimler Truck, one of the world's largest truck manufacturers by volume, last year delivered 4,035 electric vehicles out of more than 460,000 worldwide.
Transnistria leader visited Moscow for energy talks: reports
The leader of breakaway Moldovan region Transnistria visited Moscow recently for talks on resolving its energy crisis, local media reported Tuesday. It did not say when Krasnoselsky visited or give details on who he talked to, but some Moldovan media outlets reported he travelled to Russia on Friday and returned on Tuesday.
Amazon to invest over $5 bn in Mexico data center
Amazon will invest more than $5 billion in a data center in central Mexico, the e-commerce giant said on Tuesday, part of a push by big tech to add more storage facilities to meet the needs of AI. The director of Amazon Web Services (AWS) in Latin America, Paula Bellizia, announced the investment at President Claudia Sheinbaum's regular morning news conference in Mexico City.
eNaira surges in Value, hits N18.32 billion as naira trades better than other global currencies
Nigeria's digital currency, the eNaira, has recovered most of its value, rising by 78.8% to N18.32 billion in the first 10 months of 2024, CBN's data says.
Battle of debts: MTN, Airtel, others owe bank N1.69 trillion amid imminent tariff hike
Technology and telecommunications companies reportedly owe banks about N1.69 trillion in the past year due mainly to rising interest rates by CBN.
US to ban smart cars containing Chinese tech
The United States finalized a rule Tuesday effectively barring Chinese technology from cars in the American market, taking aim at software and hardware from the world's second biggest economy over national security risks.
Lindt chocolate to raise prices again this year
Swiss chocolate maker Lindt & Spruengli announced Tuesday that it would raise prices again in 2025 after strong sales last year showed that increases had not cut the appetite of consumers. The company posted organic sales growth -- which excludes currency fluctuations and acquisitions -- of 7.8 percent in 2024 to 5.47 billion Swiss francs ($6 billion).
Trump to make online address to global elite's Davos meeting
Donald Trump will speak online to the annual meeting of the global political and business elite in Davos next week, days after taking office as US president, the World Economic Forum said on Tuesday. "He will join us digitally" on January 23, WEF president Borge Brende said in a press briefing previewing the annual meeting.
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