Beginning January 1, 2026, Nigerians and foreign residents will no longer be able to open or operate a bank account without a Tax Identification Number (Tax ID), following the enactment of the Nigeria Tax Administration Act, 2025, recently signed into law by President Bola Tinubu. The new Act is part of government efforts to expand …
Labour Party’s 2023 presidential candidate, Peter Obi, has criticised the Federal Government over the newly introduced 5 per cent tax on refined fossil fuel sales, including petrol and diesel. Obi, in a post on his official X handle, said the tax would worsen the hardship faced Nigerians instead of providing relief. He argued that the …
