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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Naira gains N37, experts warn dollar hoarders of big losses
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CBN crashes dollar with $29 million intervention in FX market
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
Economy Latest News
US announces new restrictions on AI chip exports
The United States unveiled new export rules Monday on chips used for artificial intelligence, furthering efforts to make it tough for China and other rivals to access advanced technology in Joe Biden's final days as president.
Naira may slump as currency dealers struggle to meet CBN’s recapitalisation requirement
Bureau de Change operators have expressed frustration over the challenges in meeting CBN's new recapitalisation requirement a few weeks after getting an extension.
Rebased GDP: Experts predict more attention on pension funds
Experts say that happenings within the pension funds administration sector have stayed secluded for too long, but including them in rebased GDP will change that.
Federal Fire Service mandates fire insurance for all real estate properties in Nigeria
The Federal Fire Service, in conjunction with NAICOM, has decided that fire insurance is now mandatory for all real estate properties in Nigeria.
Russia says Ukraine targeted infrastructure of gas pipeline to Turkey
Russia accused Ukraine on Monday of launching a weekend drone attack on infrastructure of a major gas pipeline that carries Russian supplies to Europe via Turkey. It said the facility was part of the TurkStream pipeline and accused Ukraine of trying to "cut off gas supplies to European countries".
Lagos State government gives employers deadline to submit tax returns
The Lagos State Internal Revenue Service (LIRS) has announced that companies operating there must submit their annual returns before the deadline.
Billion-pound lawsuit against Apple over App Store opens in UK
Did US tech giant Apple abuse the dominant position of its app store in the UK? The complaint, filed in May 2021, accuses Apple of breaching European and UK competition laws by "its exclusion of any other app stores from iOS devices" like iPhones and iPads.
Japan PM tells Biden 'strong' concerns over steel deal
Japanese Prime Minister Shigeru Ishiba told US President Joe Biden that his blocking of Nippon Steel's takeover of US Steel raised "strong" concerns in both countries, local media reported Monday.
China saw booming exports in 2024 as Trump tariffs loom
China's exports surged to a record high in 2024, providing a much-needed boost for the economy as the prospect of biting tariffs imposed by US president-elect Donald Trump looms. But Trump, who imposed sweeping tariffs on China during his first term in office, has threatened even heftier levies when he returns to the White House next week.
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