Fidelity Bank has clarified that customers can continue operating their bank accounts without obtaining a new Tax Identification Number (TIN), despite the commencement of the 2025 Nigerian Tax Administration Act on Thursday.
In a statement to customers, the bank said existing TINs remain valid and that individuals who do not have a TIN can still run their accounts, provided they link their National Identification Number.
The advisory comes after a December 15 notice in which the bank warned that accounts not connected to a TIN or NIN might face restrictions from January 1, 2026, in line with the NTAA 2025 requirements.
According to the bank, the clarification aligns with broader tax reforms signed into law in June 2025, which designate the NIN as the official tax identifier for individuals and Corporate Affairs Commission registration numbers for companies.
The new tax framework adjusts taxable income thresholds, extends taxation to digital assets and foreign services, and introduces tougher reporting rules and penalties for late compliance.
Fidelity Bank urged customers to ensure their NIN details are updated to avoid future disruptions.