The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified the government's position on TINs on bank accounts.
Economy
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Dollar drops in value as naira soars in official and parallel markets, reserves hit $44.67bn
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Abia government begins payment of 20-year pension arrears: over N60 billion set to reach retirees
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Christmas countdown: Demand for physical cash hits new highs across Nigeria
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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NBS data shows amount Nigerians spend on healthy diet in a day
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US Treasury signals G7 deal excluding US firms from some taxes
US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries. Section 899 has been dubbed a "revenge tax," allowing the government to impose levies on firms with foreign owners and on investors from countries deemed to impose unfair taxes on US businesses.
Nike profits sink but company says it is turning a corner
Nike reported sharply lower quarterly profits Thursday, but signaled it was past the worst stage of a corporate retooling as it implements "surgical" US price increases to defray tariff costs.
Anna Wintour steps down as US Vogue editor after nearly 40 years
Magazine legend Anna Wintour stepped down as editor of US Vogue on Thursday after 37 years during which she was often hailed as the single most influential figure in the fashion world. Wintour has for many years also run the Met Gala, an extravagant Manhattan fundraiser that attracts an A-list of dressed-up stars from the worlds of fashion, film, politics and sports.
Facing EU deadline, Apple announces App Store changes
Apple announced changes to its App Store payment rules in Europe as it hit a Thursday deadline to address accusations of breaking EU digital competition rules -- or face steep new daily fines.
Anna Wintour steps down as editor of US Vogue after nearly 40 years
Magazine legend Anna Wintour is stepping down as editor of fashion bible US Vogue after 37 years in the post, US media reported Thursday. Wintour, who took the helm at US Vogue in 1988, announced her departure at a staff meeting, but she will stay on as group owner Conde Nast's global chief content officer and as editorial director at Vogue, People magazine reported.
General Motors recalls 62,468 vehicles over fire risk, details emerge
The recall covers certain 2019-2024 Chevrolet Silverado vehicles and the U.S. National Highway Traffic Safety Administration has warned of a serious defect.
Key changes as Tinubu finally signs four tax reform bills into law, analysts explain benefits
President Bola Tinubu has finally signed the four Tax Reform Bills into law, nine months after presenting it to National Assembly as experts explain the benefits
Nigeria gets new ranking as IMF shares new list of poorest countries by GDP
Nigeria is ranked 12th among the world's poorest nations in 2025, with a GDP per capita of $807, highlighting ongoing economic challenges despite its large economy.
Spain court suspends huge Ryanair 'abusive practices' fine
A Spanish court on Thursday said it had temporarily suspended heavy fines the leftist government imposed on budget airlines Ryanair and Norwegian Air for "abusive practices" such as charging for hand luggage.
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