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
-
Finally, Dangote free fuel distribution begins, new petrol prices emerge
-
Trump concerned S. Korean arrests could 'frighten' investors
-
Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
-
Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
Economy Latest News
Kremlin slams Meta ban on Russian state media as 'unacceptable'
Meta said it is banning Russian state media outlets from its apps around the world, prompting an angry reaction from the Kremlin on Tuesday. "After careful consideration, we expanded our ongoing enforcement against Russian state media outlets," Meta said on Monday in response to an AFP inquiry.
Germany's Scholz disappointed by delay to Intel chip plant
Chancellor Olaf Scholz voiced disappointment Tuesday after US semiconductor giant Intel delayed plans to build a mega chip-making plant in Germany which had been championed by Berlin. The chip-making giant announced plans for the German plant in 2022, in what was seen as a major boost for EU efforts to ramp up semiconductor production in the bloc.
Young Equatorial Guineans yearn for the American dream
Tiny but oil-rich Equatorial Guinea long escaped the youth exodus plaguing other African nations, but a decade of economic decline and rising unemployment has left many eager to leave. The minimum wage in Equatorial Guinea is 128,000 CFA francs ($210) a month, according to data from the Economic and Monetary Community of Central Africa.
Meta bans Russian state media outlets for 'interference'
Meta late Monday said it is banning Russian state media outlets from its apps around the world due to "foreign interference activity." Meta had previously banned the Federal News Agency in Russia to thwart foreign interference activities by the Russian Internet Research Agency.
Climate finance: what you need to know ahead of COP29
Developing countries will need trillions of dollars in the years ahead to deal with climate change -- but exactly how much is needed, and who is going to pay for it? - The Climate Policy Initiative, a nonprofit research group, estimates that $10 trillion per year in climate finance will be needed between 2030 and 2050.
Most Asian markets up ahead of Fed but Tokyo hit by strong yen
Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting. The strengthening yen -- which is up around 13 percent from the four-decade low hit in July -- hit the Nikkei 225 in Tokyo as exporters were sold off.
Chinese appliance maker Midea soars in Hong Kong after US$4 bn IPO
Shares in Chinese electronic appliance maker Midea surged more than nine percent on its Hong Kong debut Tuesday, having raised around US$4 billion in the city's biggest initial public offering for more than three years. The company's shares in Hong Kong were offered at a 20 percent discount compared to its stock price in Shenzhen, where it has been listed since 2013.
Boeing, union to resume talks as strike quiets Seattle plants
Negotiators from Boeing and the machinists union are scheduled to resume talks Tuesday after some 33,000 workers went on strike late last week. Workers late Thursday overwhelmingly rejected the deal and voted 96 percent to strike.
Intel delays Germany, Poland chip factories for two years
Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated. "We will pause our projects in Poland and Germany by approximately two years based on anticipated market demand," he added.
Economy
Load more