The Federal Government says from January 1, 2026, Nigerians without a Tax ID cannot operate bank, pension, insurance, or investment accounts in Nigeria.
Economy
Most viewed
Popular
-
Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
-
Trump concerned S. Korean arrests could 'frighten' investors
-
Lab-grown diamonds robbing southern Africa of riches
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
-
Naira gains N37, experts warn dollar hoarders of big losses
Economy Latest News
YouTube launches new TV-focused tools for creators
YouTube beefed up tools for creators on Wednesday as it competes with streaming rivals such as Netflix on the biggest screen in most homes: the television. "It's the fastest-growing screen," YouTube chief Neal Mohan said of televisions at a presentation to content creators in New York.
X update allows app to bypass Brazil ban: internet providers
Elon Musk's X social network carried out an automatic update overnight on phone applications that allowed it to bypass a ban in Brazil, an association of internet providers said Wednesday. The Brazilian Association of Internet and Telecommunications Providers (ABRINT) explained that the return of X was due to an update of the app to Cloudflare software that uses constantly changing IP addresses.
India coal expansion risks massive methane growth: report
India's plans to expand coal mining could double emissions of the potent greenhouse gas methane from its domestic coal sector by 2029, threatening its climate goals, a report warned Thursday. The planned expansions could more than double coal mine-related methane emissions by 2029 from a decade earlier, the report by independent energy think tank Ember said.
Boeing to start large temporary furloughs amid Seattle strike
Boeing said Wednesday it would start temporary furloughs of professional and white-collar staff as it seeks to conserve cash amid a labor strike that has shuttered Seattle manufacturing plants. Boeing plans for "selected employees to take one week of furlough every four weeks on a rolling basis for the duration of the strike," said a message to employees from CEO Kelly Ortberg.
CBN reintroduces controversial Cybersecurity Levy, Access, Zenith, others to charge 0.005 percent
The Central Bank of Nigeria is reintroducing the abandoned Cybersecurity Levy and has asked banks and other financial institutions to charge 0.005%.
Taiwan, Hungary deny making Hezbollah pagers
Taiwan and Hungary on Wednesday denied making pagers that exploded while being used by Hezbollah members in Lebanon, killing 12 people. The explosions in Lebanon killed 12 people, including two children, and wounded up to 2,800 others.
So where does the oceans' plastic waste come from?
In the form of bottles, tyres, packaging and piping, millions of tonnes of plastic waste are dumped every year in the world's waterways, often ending up in the oceans. The rest, including food packaging and closed bottles, floats for "years, even decades", before ending up in the oceans, the OECD says.
Italy seen overtaking France as world's largest wine producer
Italy is due to regain its spot as the world's largest wine producer in 2024 as France's vineyards are hit by unfavourable weather, according to figures from each country's agricultural authorities. Since 2007, Italy has been the world's top producer each year apart from 2011, 2014 and 2023, when it was pipped by France, according to the International Organisation of Vine and Wine (OIV).
Two dead in botched armed raid on Russian retailer's office
Two people were killed in a shooting at the Moscow office of Russian retailer Wildberries on Wednesday, Russian media reported, an incident the CEO blamed on a botched takeover attempt by her estranged husband.
Economy
Load more