Nigeria could have spent as much as N53 trillion on petrol subsidies and seen the naira depreciate to about N3,500 to the dollar if the Federal Government had not removed the subsidy regime and unified the foreign exchange market, the Executive Chairman of the Nigeria Revenue Service (NRS), Dr...
FIRS
Nigeria Revenue Service (NRS) has issued new guidelines imposing a 30 per cent corporate income tax on profits earned by medium and large companies from cryptocurrency and other virtual asset activities. The guidelines, published in a public notice on Monday, apply to companies, individual taxpayers, Virtual Asset Service Providers...
Nigeria Revenue Service (NRS) has reiterated its strong commitment to fostering voluntary tax compliance, marking one year since the launch of the country’s extensive tax reform program. In a statement commemorating the anniversary, the NRS emphasized that taxpayer education remains a fundamental element in sustaining the positive outcomes achieved...
Nigeria Revenue Service (NRS) has launched a Unified Taxpayer Identification System for all taxable persons, marking a major step in its push to modernize tax administration. The rollout was announced Monday 18 by the NRS and the Joint Revenue Board (JRB) under Sections 6, 7 and 8 of the...
When a nation’s economy is tanking such that it prints cash to meet governance cost, what can the tax chief do to help reflate that economy? This was the challenge before Zacch Adedeji, the Chairman of the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS). That...
A fire outbreak at the Abuja headquarters of the Federal Inland Revenue Service (FIRS) was swiftly brought under control on Saturday, with authorities confirming that no life was lost in the incident. The blaze, which broke out on the fourth floor of the FIRS building, triggered an immediate response...
The Memorandum of Understanding (MoU) signed between Nigeria’s Federal Inland Revenue Service (FIRS) and France’s Direction Générale des Finances Publiques (DGFiP) recently, has triggered intense public debate, not because tax cooperation is unusual, but because taxation sits at the very heart of state power. The MoU signed on December...
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has dismissed Mr. Michael Ango from his position as the acting Executive Chairman of the FCT Internal Revenue Service (FCT-IRS). The announcement was made on Friday in Abuja by Mr. Lere Olayinka, Senior Special Assistant to the Minister on Public...
Bloggers and Vloggers, Content Creators Association in Nigeria (BAVCCA), representing over 5,000 verified digital professionals across the country, has strongly condemned what it described as “deliberate misinformation and politicisation” of the nation’s tax administration by former Vice President Atiku Abubakar. Speaking at an emergency press conference in Abuja, BAVCCA...
Federal Inland Revenue Service (FIRS) has debunked a statement credited to the former Vice President Atiku Abubakar, that the Nigerian government has handed a private firm, Xpress Payments, monopoly power over revenue collections under the Treasury Single Account (TSA). Reacting to Atiku’s remarks, Technical Assistant on Broadcast Media to...
Dangote Cement Plc has emerged as Nigeria’s top tax-compliant organisation for 2025, following a rigorous assessment conducted by the Federal Inland Revenue Service (FIRS). The company’s Group Head of Tax and Compliance, Mojisola Ogunlade, confirmed the development in a statement issued on Monday in Lagos. She said the award...
Nigerian Coalition of Civil Society Organisations (NCCSO) has condemned the Federal Government’s decision to defer the 15% import duty on Premium Motor Spirit (PMS) and Diesel until the first quarter of 2026, describing it as a deliberate move that “strangulates local refineries and empowers foreign importers.” The coalition’s National...
All Progressives Congress (APC) Chieftain, Chief Ayiri Emami, has appealed to the Federal Government not to approve the implementation of a 15 per cent ad-valorem import duty on petrol and diesel brought into Nigeria. He made the appeal while speaking with newsmen on Tuesday in Abuja, saying if approved...
The trial of the Head of Stakeholders Unit of the Federal Inland Revenue Services (FIRS), Emmanuella Eteta Ita, and her Surestart School Limited before Justice Giwa Ogunbanjo of the Federal High Court, sitting in Abuja, continued on Tuesday, October 21, 2025 with the judge slating December 8, 2025 for...
In a decisive move to shore up Nigeria’s revenue base, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has teamed up with the Federal Inland Revenue Service (FIRS) to launch a nationwide revenue recovery initiative aimed at reclaiming unremitted funds owed to the Federation Account. The collaboration was formally...
A Federal High Court sitting in Abuja has scheduled November 12, 2025, to deliver a ruling on a motion filed by Binance Holdings Limited, challenging the method used by the Federal Inland Revenue Service (FIRS) to serve court documents in a $79.5 billion tax evasion case. Presiding over the...
The latest news on Nigeria’s growing tax revenue haul is something to cheer for many reasons. The Federal Inland Revenue Service (FIRS) said it has collected N20.62 trillion in tax revenue between January and August 2025, a period of eight months. FIRS Chairman, Zacch Adedeji, who reeled out the...
Executive Chairman of the Federal Inland Revenue Service (FIRS), Zaccheus Adedeji, has emphasized the crucial role of the media in promoting voluntary tax compliance among Nigerians. Adedeji, who was represented by the Technical Assistance on Broadcast Media, Arabinrin Aderonke, made this known while delivering his opening remarks at a...
Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has attributed Nigeria’s unprecedented surge in revenue to sweeping fiscal reforms championed by President Bola Tinubu led administration. Speaking to journalists at the State House in Abuja, Adedeji revealed that the federal government recorded N3.64 trillion in revenue...
Nigeria Labour Congress (NLC) has called for an impartial investigation into the devastating fire at United Bank for Africa’s (UBA) Afriland Building and a series of blazes ravaging Lagos Island. This demand comes in a statement issued on Thursday in Abuja by the NLC’s Acting President, Prince Adewale Adeyanju....