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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Naira gains N37, experts warn dollar hoarders of big losses
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Asian markets fluctuate ahead of expected US rate cut
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"CBN closes 31 in Lagos": List of 103 failed microfinance banks in Nigeria emerges
Over the years, the Central Bank of Nigeria has taken tough measures to close down at least 103 microfinance banks that failed to meet its set requirements.
Nigerian man takes $500,000 cash to deposit in a bank, causes stir
A Nigerian man has caused a stir in one of the banks in the country after he took $500,000 into the bank for deposit as the CBN begins redesign of naira notes.
New naira notes scarcity: CBN may phase out newly redesigned notes, Nigerians say
Nigerians are thinking that the Central Bank of Nigeria (CBN) may be embarking on the tactical phase out of the new naira notes following its current scarcity
Debt Stock: Nigeria's most indebted geopolitical Zones in 2022
Nigeria's total debt profile is includes debts owed by various states in the country which represent the six geopolitical zones in the country, adding to debts.
Top 10 best countries for doing business, Nigeria ranks low
Singapore, Canada and Denmark ranked first, second and third for top countries with the best business environment or the best countries for doing business.
CBN, World Bank reveal Nigerians in Diaspora remitted $168 billion in 8 years
The World Bank has stated that Nigerians in the diaspora have remitted about $168 billion to Nigeria in the last 8 years and CBN said its policy helped drive it
Nigeria defaults on loan repayment to China? FG states true facts, figures
The Nigerian government has denied media reports that it has reneged on the repayment of its loans to China, describing the information as false and untrue.
New report says Lagos lost 100 dollar millionaires in one year
The Nigerian city of Lagos has lost100 dollar millionaires in the last year following a decline in foreign inflows and foreign exchange woes in the country.
Under Buhari, Nigeria's indebtedness to China and World Bank has surged to $17.64 billion
Finding show that Nigeria's debt to China has tripled under President Buhari in the 8 years of his leadership, and the country is the 4th debtor to World Bank.
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