Economy News

No Tax ID, No Banking: FG Sets January 2026 Deadline for Financial Services Access

The Federal Government of Nigeria has announced that starting January 1, 2026, all individuals and businesses must have a Tax Identification Number (Tax ID) to access banking and other financial services. The directive follows the signing of the Nigeria Tax Administration Act, 2025 into law by President Bola Ahmed Tinubu, a move aimed at strengthening […]