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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Lab-grown diamonds robbing southern Africa of riches
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Naira gains N37, experts warn dollar hoarders of big losses
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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After banning crypto trading, FG moves to tax, bitcoin, and Other Digital Assets
The Nigerian government will tax proceeds from cryptocurrencies and other digital assets according to the provisions of the recently signed 2023 Finance Act
“One pays N200k”: African countries paying highest minimum wage as Nigeria's subsidy removal empties pockets
Nigeria is one of the countries in Africa paying the lowest minimum wage. About 10 African countries have been identified as paying the highest minimum wage.
Fuel subsidy: Businesses suffer as transportation and food costs skyrocket in Nigeria
Since President Tinubu declared a removal of fuel subsidy, many small businesses have been threatened with the cost of transportation and food skyrocketing.
Naira appreciates at the black market as CBN denies devaluing currency
Naira has gained about N13 to the dollar to trade N750 per dollar at the parallel market. The news follows CBN denial that it has reduced the value of the naira
FIRS says Nigeria's tax-to-GDP ratio rises to 10.9 per cent
Nigeria's tax-to-GDP ratio has increased astronomically in the last two years to about 10.86 per cent, according to the Federal Inland Revenue Service (FIR).
Dangote says refinery currently employs 33,000 Nigerians, targets 100,000 jobs
Aliko Dangote has stated that the refinery will provide 100,000 jobs when it becomes fully functional, adding that 33,000 Nigerians already work at the facility
What Nigerian Businessmen Expect From Tinubu's Administration
Legit.ng, through comments from experts, highlights what Tinubu's victory at the poll and assumption of Nigeria's seat of power mean for the business community.
"Subsidy is gone": Fuel queues return on Tinubu’s first working day as Nigeria's president, NNPC speaks
NNPC has reacted to the emergence of long queues across the country after President Bola Tinubu announced plans to remove fuel subsidies in his first speech.
IMF, experts detail areas of focus for Tinubu on first day in office, new President makes 3 Promises
The International Monetary Fund (IMF) and other economic experts have asked Tinubu to focus on some key parts of Nigeria's economy as he makes policy changes
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