Businesses have decried the variance in the taxes and levies slammed on them by the Federal Inland Revenue Service (FIRS), saying that a clearer, concise guideline is needed to ensure compliance.

Assuming no unforeseen circumstances, Dangote Refinery is expected to make its first delivery of refined premium motor spirit, (PMS), to the Nigerian market by September 2024.

Leading Nigerian fintech companies in Nigeria have announced the introduction of a N50 fee on electronic money transfers exceeding N10,000, in line with Federal Inland Revenue Service (FIRS) regulations. The new charge will take effect on September 9, 2024, and will apply to both personal and business accounts. The companies informed their customers of this…

The Federal Inland Revenue Service (FIRS) has expressed readiness to take the war against corruption to any length. This it said was to entrench transparency and accountability in tax collection processes and operations.

The Federal Inland Revenue Service (FIRS), has said it is determined to take the war against corruption to any length. This it said was to entrench transparency and accountability in tax collection processes and operations. Chairman of FIRS, Zacch Adedeji, who stayed this at the inauguration of a 12-member Anti-Corruption and Transparency Unit (ACTU) in…

The Nigeria Professionals in Diaspora organisation has commended the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, for introducing groundbreaking cryptocurrency tax reforms, hailing them as a transformative move that will significantly boost Nigeria's economic growth. In a statement on Monday in Abuja, jointly signed by the group's President, Dr. Obiora…

A policy analyst, Arabinrin Aderonke, has offered insight into how the Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, is boosting confidence in the cryptocurrency market in the country. In a piece titled "Zacch Adedeji: Bringing Sanity Through Regulation to Crypto World," Aderonke remarked that cryptocurrency has become a major financial phenomenon…

The Federal Government said it is working on an executive bill that seeks to overhaul revenue administration in the country, harmonise collection and regulate the cryptocurrency industry.

The National Assembly (NASS) has thrown its weight behind the Federal Inland Revenue Service (FIRS) regulation of the cryptocurrency industry, modernisation of outdated tax laws and the overhaul of revenue administration to drive revenue targets in the country for the current and future fiscal years. This was disclosed during the weekend at a stakeholder engagement…

An Executive Bill seeking to overhaul revenue administration in Nigeria, including the regulation of the cryptocurrency industry, is being prepared for transmission to the National Assembly, the chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has disclosed. Adedeji made the disclosure on Saturday during a stakeholders’ engagement with a joint committee of the…

The Senate Committee on Public Accounts took a swipe at the management of the Nigerian National Petroleum Company Limited ( NNPCL) and other agencies on Tuesday. This is for their persistent refusal to respond to queries raised against them in the 2019 Audit report. The chairman of the committee, Sen. Ahmed Wadada (SDP-Nasarawa West), made…

The Senate, through its Committee on Public Accounts, has slammed the management of the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), the Nigeria Police Force, and 12 other agencies for persistently refusing to respond to queries raised against them in the 2019 Audit Report .