September 19, 2025

TAX ID

General

FIRS clarifies: No need for separate Tax ID to operate bank accounts

The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians will be required to obtain a separate Tax Identification Number (TIN) before opening or maintaining a bank account. The clarification follows public concerns sparked by reports suggesting that, from January 2026, every Nigerian must present a TIN to access banking services. Arabinrin Aderonke Atoyebi,

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