A tax expert, Aderonke Atoyebi, has debunked the widespread misconception regarding the newly introduced Tax Identification, describing the rumours as dangerous.
Economy
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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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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
Economy Latest News
Pressure mounts as expert predicts December inflation rate to reach 35.2 per cent
After a year of persistent inflation increase, Cowry review is predicting that December 2024 inflation figures will go higher still due to the yuletide influence
Global road transport emissions to peak in 2025: study
CO2 emissions from road transport could peak worldwide this year thanks to rapid growth in electric vehicles and stricter new regulations, a German think tank said Tuesday. The think tank, however, warned that a weakening of current environmental standards for road transport could lead to the peak being delayed.
UK finance minister under pressure to restore market confidence
Britain's finance minister Rachel Reeves is expected to address parliament Tuesday to try and regain the confidence of markets in the face of rising pressure over the country's struggling economy. She has my full confidence," Prime Minister Keir Starmer told parliament Monday as he faced a barrage of questions over her future as finance minister.
TikTok calls report of possible sale to Musk's X 'pure fiction'
TikTok on Tuesday labeled as "pure fiction" a report that China is exploring a potential sale of the video-sharing platform's US operations to billionaire Elon Musk as the firm faces an American law requiring imminent Chinese divestment.
Tinubu kicks off scheme to help Nigerians with car purchases with N20 billion
After more than five years since the first move was made, Nigeria's vehicle financing scheme is finally set to take off. The scheme will provide soft car loans
NATO Baltic leaders seek to boost security after cable 'sabotage'
NATO countries on the Baltic Sea met in Helsinki on Tuesday, looking to boost security following the suspected sabotage of undersea cables, widely blamed on Russia. NATO said in late December it would increase its presence in the region following the suspected sabotage of undersea cables between Finland and Estonia but it has yet to announce an official operation.
MTN share price surges 21% on anticipated hike in tariff for calls, data
Since the start of 2025, MTN share price has appreciated considerably, after a poor performance in 2024. Analysts think the oncoming hike in tariffs has a role in it
“We see the potential”: Analysts speak on CBN’s MPR prediction for 2025
Asset management company Meristem Securities has forecast that the Monetary Policy Committee of the Central Bank of Nigeria may stay on hold for most of this year.
How naira compares to other currencies against US Dollars amid new predictions
The Nigerian naira has performed relatively better than other global currencies relative to the dollar's surging strength in the international markets in 2025.
Economy
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