The Federal Government says from January 1, 2026, Nigerians without a Tax ID cannot operate bank, pension, insurance, or investment accounts in Nigeria.
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Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Highlights from Nigeria’s Q4 trade data as exports rise above imports
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Lab-grown diamonds robbing southern Africa of riches
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Naira gains N37, experts warn dollar hoarders of big losses
Economy Latest News
New data shows Imo leads list of 10 states with highest petrol prices in Nigeria
The National Bureau of Statistics has released new data revealing the list of Nigerian states with the highest petrol prices in the country, led by Imo state.
How to receive money from abroad using the eNaira as CBN releases guidelines
The Central Bank of Nigeria has released operational guidelines on the use of eNaira to send and receive funds from Nigerians abrod, stating that its optional
Naira trades at N759 per dollar as devaluation takes effect, closes at N770/$ on I&E window
The Nigerian currency, the naira, traded at about N759 per dollar on Monday, June 19, 2023, indicating an appreciation of 0.62 percent as devaluation began.
Nigerians experienced inflation 67 times under Emefiele
In the eight years of the suspended Governor of CBN, Godwin Emefiele, Nigerians experienced inflation 67 times, four months after he assumed office in 2014
Ondo leads as 10 Nigerian states battle highest inflation in May 2023
About 10 Nigerian states saw the highest inflation in May 2023 as the National Bureau of Statistics say that headline inflation in the country is now 22.41%
Rise in FG debt, forex inflows and 8 other implications of CBN's naira exchange rates unification
Unifying the naira has generated differing opinions, but an expert has highlighted the biggest impact the CBN's move will have on Nigerians and the economy.
“It’s Official”: CBN removes previous exchange rate of N463 per dollar from website, updates to N632.77
The Central Bank of Nigeria has removed the old exchange rate of N463 to the dollar on its website and replaced it with the recently introduced rate of N632.77
Immigration plans Business Trust Visa for investors to reduce cyber crime
The Nigerian government says it is planning a Business Trust Visa for investors to come into the country and reduce incidents of cybercrime, boosting confidence
Subsidy Removal: NEC recommends N747 billion palliative for workers, vulnerable Nigerians
The National Economic Council has recommended that the Federal Government pay Nigerian workers and other vulnerable groups about N747bn as subsidy palliatives
Economy
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