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In 2024, the Taxpayer Identification Number (TIN) is vital in Nigeria as part of the government's push to increase tax compliance and improve revenue collection.

Scroll down to learn how to get your TIN online.

With a growing need to diversify the economy beyond oil, the government is focusing on tax reforms, and the TIN plays a central role in tracking taxpayers and ensuring accountability.

It's now mandatory for businesses and individuals to generate a taxpayer identification number, making it easier for the government to collect taxes and fund national development projects.

Beyond taxation, the TIN is also crucial for accessing various financial services. Whether it's opening a business account, applying for loans, or participating in business transactions, having a TIN is often a requirement.

This makes it an essential tool for entrepreneurs and businesses operating in Nigeria's evolving economy, where financial inclusion and digitization are becoming more prominent.

Additionally, the TIN is necessary for accessing government support programs and subsidies. With the government's focus on economic growth and international tax compliance, the TIN helps prevent tax evasion and ensures that both local and international transactions are properly monitored.

This helps the Nigerian government align with global tax standards, while also fostering a more transparent and efficient tax system at home.

Note: As an individual, getting a TIN does not necessarily mean you’ll be taxed by government.

Here’s how to get your TIN online and all the conditions that’s attached to it: https://www.opaynews.com.ng/2024/10/how-to-apply-and-get-your-tax-identification-number-in-Nigeria.html

Credpal is one of the financial service providers in Nigeria. This company is offering persoanl, business and salary loans to individuals and businesses. At the same time, the app is offering virtual dollar card for international payment for the rate $3, which is the card creation fee. You can learn more about CredPal here: https://www.opaynews.com.ng/2024/10/credpal-loan-app-in-nigeria.html

The funny part of this situation is that even when you struggle to repay all the debts, they’ll still continue to call you to offer higher loan amount, tempting into obtaining another loan…lol.

Well, if you don’t want their calls again even if you’ve not sorted out the loan repayments, here’s how to block all their mystery phone numbers for good: https://www.opaynews.com.ng/2024/10/easy-method-to-block-loan-apps-calls-in.html

Sowore is demanding 100 million Naira in damages from Guaranty Trust Bank (GTB) over a five-year account freeze.

Omoyele Sowore has commenced a legal battle against Guaranty Trust Bank (GTB) for restricting/suspending his bank accounts for five years. The restriction can actually be considered a post-no-debit (PND) limitation whereby money that come in can never go out unless the restriction is lifted. Learn more about Post No Debit (PND) here: https://www.capitalistledger.com/2024/10/moniepoint-post-no-debit.html

In a suit filed at the Federal High Court in Lagos, Sowore, through his lawyer Inibehe Effiong, argued that the freezing of his bank accounts was both unlawful and a violation of his human rights.

However, some banking experts have cited that a bank account freeze typically occurs due to legal disputes, regulatory issues, or investigations, and it can be applied to protect the bank or comply with legal orders. Based on the length of five years, it likely involves serious legal or compliance concerns.

Meanwhile, Sowore disclosed that his bank accounts were frozen by the bank without following proper legal procedures, causing significant financial hardship for him. The sudden restriction on his accounts left him unable to access his funds, leading to considerable frustration. In response, Sowore is seeking N100 million in damages from GTB, claiming the bank's actions were unjust and violated his rights, as outlined in the legal suit he has filed.

"The arbitrary freezing of my client’s accounts without due process is not only illegal but also a blatant violation of his fundamental rights," said Sowore's Lawyer. In addition to the N100M Sowore is requesting from GTBank, he also order the bank to lift any restriction placed on his account.

Omoyele Sowore is a Nigerian human rights activist, journalist, and politician. He is the founder of the online news platform Sahara Reporters, which focuses on investigative journalism and reporting on corruption and governance issues in Nigeria. He's also the former presidential candidate of the African Action Congress (AAC).

He's recent lawsuit against GTBank follows several complaints to the bank without any good responds. Sowore said his account has been frozen since 2019, "rendering it inoperable by the bank, with no formal explanation offered." Despite numerous complaints, the Respondent has declined to remove the restrictions. A demand letter dated April 23, 2024, was sent to the Respondent, but it was not effective.

The JAMB Matriculation List is an official document that confirms your admission into a Nigerian tertiary institution through the JAMB's UTME.

Only candidates whose names are on this list are recognised as bonafide students from the various accredited institutions.

Here's how to check if your name is listed on the JAMB Matriculation List ad what to do if your name is not listed: https://www.schlmag.com/2024/09/how-to-check-jamb-matriculation-list.html

If you’re still having trouble verifying your KYC on PI, follow this complete tutorial to complete it easily: https://www.opaynews.com.ng/2024/10/how-to-complete-your-pi-kyc-verification.html

Here’s everything discussed about Artificial Intelligence (AI), Energy, and Commerce at TechCabal’s Moonshot: https://www.lenance.com.ng/2024/10/energy-and-ai-are-future-of-commerce.html

2024 list of best universities has surfaced and Covenant University and University of Ibadan top the list. Globally, only one Nigeria university is ranked among top 1000 and the university is Covenant University. Here’s the remaining lists: https://www.schlmag.com/2024/10/2024-best-universities-in-Nigeria.html

This article explains how you can check SIM owner details online for free: https://www.lenance.com.ng/2024/10/sim-details-by-mobile-number.html

The Nigerian government has announced a payment plan to facilitate the conversion of petrol-powered vehicles to compressed natural gas (CNG).
According to the National Orientation Agency (NOA), these payment options allow individuals to convert their vehicles now and pay later with “affordable” monthly instalments at “competitive rates.”

Learn more about the benefits of CNG-powered vehicles and how it’ll work in Nigeria with the dedicated mobile app launched alongside of it: https://www.opaynews.com.ng/2024/10/blog-post.html

Are you one of the many that got admission on portal but JAMB is not updating your admission status on CAP portal? Here’s what caused it and how you can resolve the problem easily: https://www.schlmag.com/2024/10/admitted-on-school-portal-but-not-on-jamb.html

Please Note: Your admission is not valid if it’s not recognized on JAMB. So, make sure you see admission on JAMB Cap before you proceed with anything steps.

Want to identify between fake receipts and real receipts on OPAY? Read this article: https://www.opaynews.com.ng/2024/10/opay-transaction-receipt.html

Enhanced security has arrived on OPAY to give full protection to your funds. This security feature is called “Large Transaction Shield” here’s everything you need to know about the OPay’s LTS: https://www.opaynews.com.ng/2024/10/opay-launches-large-transaction-shield.html

If you’re planning on starting a Moniepoint business in Nigeria, here are what you’ll need to get started: https://www.opaynews.com.ng/2024/10/moniepoint-business-account-requirements.html

It’s about listening to understand, defaulting to overcommunicating, and finally putting an end to the jargon.

As a writer and editor and manager, my job involves words. One of the most important things I need to get right is getting a message across clearly. And yet still, like all humans, every day has moments of crossed wires and misunderstandings………. https://www.opaynews.com.ng/2024/10/how-to-prevent-miscommunication-at-work.html

The new dashboard comes two new features and improves accessibility to existing features. Here’s everything you need to know about the new Seerbit Merchant Dashboard: https://www.opaynews.com.ng/2024/10/seerbit-new-feature-rich-dashboard.html

DCI alleged that three suspects—whose names will be withheld for legal reasons—altered an integration in Equity’s CyberSource system, a payment gateway, allowing them to process multiple fraudulent card transactions. The funds were then transferred to a fourth suspect, who wired them to Abu Dhabi, United Arab Emirates. Continue reading here: https://www.opaynews.com.ng/2024/10/equity-group-fraud-abu-dhabi.html

Customers of Starlink in Nigeria have received a 100% price hike with new price set at N75,000. However, price for the Starlink kits has not changed. Here’s everything you need to know: https://www.opaynews.com.ng/2024/10/starlink-hike-subscription-price-to-75000-naira.html

LinkedIn Is Using Your Data to Train Its AI, Unless You Opt Out With This Toggle[i][/i]

LinkedIn has automatically opted users into allowing the network to use their data for AI training. Here's how to turn off the LinkedIn's Generative AI Training Program from your profile: https://www.opaynews.com.ng/2024/09/how-to-stop-linkedin-from-using-your-data-to-train-ai.html

Many people use to ask if it's possible to convert their unwanted airtime to cash on the OPAY App. The fact is that you cannot flip back your excessive airtime to cash on the opay app. Meanwhile, you can easily do that on the PALMPAY App. It's important to also let you know that only MTN users can convert airtime to cash on PalmPay.

There are also apps that support all networks in Nigeria. To know more about those apps and to learn how to use PalmPay to convert airtime to cash, read this article: https://www.opaynews.com.ng/2024/09/can-opay-convert-airtime-to-cash.html

The switch to Finacle was necessary because GTBank’s previous banking software had problems, which led to occasional service disruptions. Here's everything you need to know about the move and how it'll affect you as one of the bank's customer: https://www.opaynews.com.ng/2024/09/gtbank-finalising-core-banking-change-to-finacle.html

First of all, there are differences btw waterproof and water-resistance. Apple iPhone 16 models are not water-proof but water-resistance to certain limit. You can learn more about iPhone 16s' IP (IP6X and IPX8) Rating in this article: https://www.opaynews.com.ng/2024/09/is-apple-iphone-16-models-waterproof.html

Rider Verification in Bolt's ride-hailing business refers to a process used to ensure the safety and security of both drivers and riders. This verification system involves confirming the identity of riders before they can book a trip. It helps prevent fraudulent activities, such as fake ride bookings, by requiring riders to provide valid identification, often linked to payment methods or official documentation.

By implementing this, Bolt aims to create a safer environment, protecting drivers from risks and ensuring accountability during the ride. This feature is part of Bolt’s broader security efforts to improve trust between drivers and passengers.

You can know more about the Bolt's Rider Verification and as well as how to verify and approve your IDs as a Rider: https://www.opaynews.com.ng/2024/09/bolt-rider-verification-brv-explained.html

OPAY BD also means OPay Business Developer and BD Code means Business Developer Code. This code is assigned to every OPAY Business Developers and allows them to register and activate new POS agent. Here’s how to become an OPay Business Developer and get your BD Code: https://www.mainwave.com.ng/2025/02/what-is-bd-code-in-opay.html

Alphamentips:
Issue is that na we go donate the repayment money from increased TAX and other taxes like VAT, credit/debit transactions tax on your account. And sell of our natural resources to them almost for free because we are owing them.

So in other words, they borrow on our behalf and spend it on themselves and still tax us for it.

Like a club where the members will donate money and the excos will steal it w/o anyone asking questions.

Politics pass yahoo. Apapa no be yahoo

Hmmmm, true talk. They borrow money on our behalf and spend it on themselves, leaving us with taxation to repay the loans. Nawa ooo

Nigeria has emerged as the third-largest debtor to World Bank’s IDA, gets $2.2 billion under Tinubu Govt. According to the World Bank’s financial statements, Nigeria’s exposure to the IDA rose by 14.4% from $14.3 billion in the fiscal year (FY) of 2023 to $16.5 billion in FY2024. This $2.2 billion increase places Nigeria among the top three IDA debtors for the first time, a notable shift from its previous position as the fourth-largest borrower in 2023.

The most interesting part of it is that this debt is different from any outstanding loan from the World Bank’s International Bank for Reconstruction and Development (IBRD). In total, Nigeria had secured $4.95 billion in loans from the World Bank under Tinubu amid concerns over the country’s rising external debt servicing costs. Data from the external debt stock report of the Debt Management Office (DMO) shows that Nigeria owes the World Bank a total of $15.59 billion as of March 31, 2024 and the govt is still willing to get more by approving four loan projects totaling $2 billion before this year end.

Abeg, are we not in soup bayi

Read the full gist here: https://www.opaynews.com.ng/2024/09/nigeria-becomes-3rd-largest-debtor-to-world-bank-ida.html

The Ecobank Bank Limited has launched custody business in Nigeria. The custody business is aimed at separating it assets from customers assets.

Here's everything we know so far: https://www.opaynews.com.ng/2024/08/ecobank-commences-custody-business-in-nigeria.html

Looking for Stripe alternatives in Nigeria? Explore top payment solutions like **Paystack**, **Flutterwave**, and **Remita**. These platforms offer seamless payment processing, support multiple payment methods, and are tailored for businesses in Nigeria. Perfect for managing online transactions efficiently!

You can learn more about Stripe Alternatives in Nigeria here: https://www.opaynews.com.ng/2024/08/stripe-alternatives-in-nigeria-2024.html

Report says Stripe to soon allow US retailers to sell directly to Nigerians. Does this means that Stripe will soon be available in Nigeria? Here's everything you need to know: https://www.opaynews.com.ng/2024/08/is-stripe-availble-in-nigeria.html

While Nigerians face long waits and challenges at filling stations to get petrol, their neighbors in Benin and Niger Republic are using fuel smuggled from Nigeria to power their vehicles and generators, according to an investigation by PUNCH.

In 2024, fuel queues have reappeared in Nigeria, causing frustration among motorists and leading to higher transportation costs for passengers due to fuel scarcity and rising pump prices. However, PUNCH’s reporters who visited Cotonou and Calavi in Benin found a different situation, where petrol stations were calm with few customers and no long queues.

The investigation revealed that much of the fuel sold on the black market in Benin and Niger is smuggled from Nigeria. Despite bans on fuel smuggling, black market traders in Niger still manage to get supplies through illegal means, often using bush paths or waterways. This has kept fuel prices lower in these countries compared to Nigeria.

The Nigerian National Petroleum Company (NNPCL) stated that it is working to resolve the fuel shortage, but the Independent Petrol Marketers Association of Nigeria (IPMAN) pointed out that marketers are struggling to get petrol due to distribution challenges and rising transportation costs.

Source: https://www.opaynews.com.ng

The Nigeria Immigration Service (NIS) has officially confirmed that its online payment platform for passport applications is currently experiencing technical difficulties. In a statement titled “Technical Glitches with Online Payment Platform,” released on August 23, 2024, the NIS acknowledged the downtime and expressed regret for the inconvenience caused.

Read the full statement from the source: https://www.opaynews.com.ng/2024/08/nis-reports-technical-glitches-in-online-passport-application.html