The Joint Tax Board (JTB) has confirmed that Nigerians without a Tax ID will still be able to access and use their bank accounts after January 1, 2026.
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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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UK fintech Revolut valued at $75 bn: source to AFP
British fintech company Revolut has been valued at $75 billion in a secondary share sale, placing it in the leagues of Europe's biggest traditional banks, a source told AFP Monday. A source close to Revolut said on Monday that it is allowing employees to sell shares at a valuation of $75 billion, significantly higher than its previous $45 billion valuation.
Nigeria gets new position as ranking shows four African countries controlling continent’s wealth
A new report has listed the four African countries with the highest number of millionaires and centimillionaires in 2025, with Nigeria having 70,600 on the list.
Mauritania's Tah takes over as Africa's 'super banker'
Mauritania's former economy minister Sidi Ould Tah took office Monday as head of the African Development Bank, vowing to build a "robust and prosperous" continent despite US aid cuts. The 60-year-old was Mauritania's economy minister from 2008 to 2015 before heading the little-known Arab Bank for Economic Development in Africa for a decade.
Bosnian truckers block deliveries in protest over EU rules
Thousands of Bosnian truck drivers halted deliveries across the country on Monday, threatening to block goods until their demands for more flexible travel conditions and greater support within the European Union are met.
CBN’s 60-day PoS geo-tagging deadline stirs reactions from operators
Point-of-sale (PoS) operators have warned the Central Bank of Nigeria against the hasty implementation of geo-tagging all terminals in Nigeria in 60 days.
Alibaba soars but Europe, Asia stocks mixed
Chinese ecommerce giant Alibaba soared on Monday but Asian and European markets were mixed after Wall Street retreated from record highs. On Friday US stocks fell, with the Dow and S&P 500 retreating from record highs ahead of the long Labor Day weekend.
Chinese cluster now world's top innovation hotspot: UN
Shenzhen-Hong Kong-Guangzhou has overtaken Tokyo-Yokohama to become the world's top cluster for innovation, the United Nations said Monday. The agency said Shenzhen-Hong Kong-Guangzhou and Tokyo-Yokohama "make a massive contribution to global scientific publications and patenting outputs", together accounting for nearly one in five patent applications filed globally.
Malawi's fuel crisis hangs over upcoming elections
In early morning gloom, a long line of vehicles winds around the lone fuel station in Dedza district in central Malawi, one of many overnight queues for petrol across the country. The fuel queues are the clearest manifestation of this failure.
Uzbek workers fill gap as Bulgarian population shrinks
Nilfar Nazarova used to work as an accountant in her native Uzbekistan but for the past four summers she has been cleaning hotel rooms in the Bulgarian Black Sea resort of Albena. "The work is hard but the people are kind," Uzbek student Gulraykhan Muxanbetovna said as she bustled around the crowded restaurant of a four-star hotel overlooking the Black Sea.
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