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.
Economy
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FG suspends 4% FOB Customs charge after backlash, import costs to Drop
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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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Depot owners protest as Dangote slashes petrol price by N259
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Dollar falls to N1,484 in official window, naira appreciates in parallel market
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E-Power hits the slopes: new wave of snow sports emerges
Following in the footsteps of electric scooters on land and wakeboards at sea, young entrepreneurs are bringing electric power to snow travel with self-propelled skis and all-terrain skates. We needed sand, snow."
Lamborghini sets new sales record amidst hybrid push
Lamborghini set a new sales record in 2024, the Italian sportscar maker said on Thursday, defying the gloom that has hit mass-market car companies. Lamborghini sold 10,687 cars last year, a rise of six percent on 2023, which was itself a record year.
China Development Bank releases $255 million loan for Rail Project in Nigeria
There has been a big boost for the Kano-Kaduna railway project, as the China Development Bank has released some loan funds to speed up construction.
Detty December Report shows Lagos Hotels made N54 billion from bookings in 5 weeks
The release of the Detty December 2024 report has shown that Lagos raked in billions of naira in five weeks. N54 billion to hotels, N4.3 billion to nightclubs
Chinese foreign minister pledges military aid for Africa
Chinaese Foreign Minister Wang Yi on Thursday pledged Beijing's full support and military aid for the world's poorest continent as he wrapped up his Africa tour in Nigeria.
Italy's Meloni denies discussing SpaceX deal with Musk
Italian Prime Minister Giorgia Meloni denied Thursday talking to Elon Musk about a cybersecurity deal with the American billionaire's SpaceX company following reports that sparked controversy in Italy.
Beijing says EU imposed unfair trade barriers on Chinese firms
China said Thursday that an investigation had found the European Union imposed unfair "trade and investment barriers" on Beijing, marking the latest salvo in long-running commercial tensions between the two economic powers.
China's electric and hybrid vehicle sales jump 40.7% in 2024
Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the sector remains entrenched in a gruelling price war.
Traders, currency dealers quote dollar at new rate as naira continues losing streak
The Nigerian naira continued its losing streak into the third day, depreciating from N1,538 per dollar to N1,541 and N1,655 in the official and parallel markets.
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