By Jemimah Wellington, JKNewsMedia Correspondent MANDATORY TAX identification will become a condition for operating bank accounts in Nigeria from January 1, 2026, following a federal government directive tied to new tax administration laws. The requirement applies to every taxable Nigerian and forms part of a broader effort to strengthen tax ...
By JKNewsMedia CONFIRMATION OF full compliance with the country’s new banking capital requirement emerged as Access Bank Plc declared it had exceeded the Central Bank of Nigeria (CBN)’s N500 billion minimum thresholds, making it the first commercial bank with international authorisation to do so. Responding to the CBN’s recent directive halti...
