The Federal Government has announced that Tax Identification Numbers (Tax ID) will become compulsory for Nigerians and organisations involved in banking, insurance, stock trading, and other allied services starting from …
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Nigeria Tax Administration Act
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Banking, Finance & InvestmentBusiness and EconomyCryptocurrencyGovernment Policy
Banks to File N25m Transaction Reports Monthly from 2026
From January 2026, banks, insurance companies, stockbrokers, and other financial institutions in Nigeria will start submitting detailed monthly reports of large transactions to the tax authorities, following a new tax …