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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CBN slams N2 million fine on erring banks over dormant accounts
The Central Bank of Nigeria (CBN) has slammed the minimum fine of N2 million fine on defaulting banks over the management of dormant banks accounts in Nigeria
Nigeria ranks 5th as new report reveals African countries with highest debt exposure to China in 2023
Nigeria is among the top 10 African countries having the highest debt exposure to China in 2023, as a new report says that the country owes about 5 countries.
CBN moves to claim monies in dormant accounts in Zenith Bank, First Bank, others, extends validity to one year
The Central Bank of Nigeria (CBN) has issued a new guideline on funds left in bank accounts that have remained dormant for upwards of one year or ten years.
OECD, Nigeria meet on maximising benefits of two-pillar tax solution
A delegation from the Organisation for Economic Co-operation and Development (OECD) met with Nigerian representatives on April 4 & 5, 2023, at a recent workshop
Femi Otedola spends over N2bn to add Transcorp Plc to his growing list of investments
Femi Otedola the charismatic billionaire has made huge investments in Transcorp, a conglomerate involved in hospitality, power, oil and gas and other industries
IMF proffers solution to Nigeria's borrowing appetite as debt rises steadily to N77tn
The International Monetary Fund has proffered solutions to the Nigerian government continuously looking for loans to finance its policies, programs and budget.
New Details emerge on World Bank's $800m loans to FG that will be shared with citizens from June
The federal government will be sharing a whopping $800 million among 50 million vulnerable Nigerians whose names are in the National Social Safety Net register.
Naira appreciates massively to N737 /$ at the black market amid slow dollar demand
The naira made a remarkable recovery at the parallel or black market on Wednesday, April 12, 2023 to trade at N737 to a dollar at the unofficial black market.
Ekiti state secures free trade zone status, joining 21 other states with big opportunities
The federal government of Nigeria has finally approved Ekiti request to have its own free trade zone which is set to attract foreign investments in the state.
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