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Tag: Tax ID

News

Tinubu Government Defends Mandatory Tax ID Requirement for Bank Accounts

The Nigerian government has reaffirmed that the requirement for citizens and business owners to present a Tax Identification Number (TIN) to operate bank accounts is not a new policy but an enforcement of existing tax laws. In a statement released on Saturday through its official X (formerly Twitter) handle, the Fiscal Reforms of Nigeria explained […]

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 […]

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