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Nigeria records $21bn capital inflows in 2025

  • 12th February 2026

Collaboration key to boosting Africa’s energy sector –

  • 12th February 2026
Foreign shipping firms must obey tax laws- FIRS

Technology key to implementing new tax laws —

  • 12th February 2026
Discos to resume meter deployment - IKEDC

Bills without customer ID now invalid – Ikeja

  • 12th February 2026

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Nigeria records $21bn capital inflows in 2025

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Tag: FIRS

featured Finance

Tax reforms: NRS is more than branding, says chairman

Nigeria’s newly established Nigeria Revenue Service has said that its emergence as a replacement for the defunct Federal Inland Revenue Service represents a major overhaul of the country’s revenue administration framework rather than a mere change of name. The Executive Chairman of the NRS, Dr Zacch Adedeji, made this known during a television interview monitored […]

featured Finance

NIN, CAC numbers to serve as tax IDs from 2026 — FIRS

The Federal Inland Revenue Service has announced that the National Identification Number will automatically become the Tax Identification Number for individual Nigerians from 2026. The clarification was issued on Monday as part of a public awareness campaign on newly enacted tax laws shared by the Service on X. Under the revised tax framework, the FIRS […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

Reveal details of Nigeria-France tax MoU, Agency gives FIRS ultimatum

The Impacthive Centre for Accountability, Democracy and Rights has issued a seven-day ultimatum to the Federal Inland Revenue Service to release details of key agreements and appointments, citing the Freedom of Information Act. In a letter addressed to the FIRS Executive Chairman at the agency’s Abuja headquarters, ICADAR requested that FIRS disclose specific documents and […]

FIRS announces new TAXPR-MAX platform for CbCR
News

France has no access to Nigerian tax data – FIRS

Nigeria’s Federal Inland Revenue Service has said a tax cooperation agreement signed with France does not grant foreign authorities access to Nigerian taxpayer data or digital systems, following public commentary on the deal. FIRS, in a statement on Saturday, said the Memorandum of Understanding with France’s Direction Générale des Finances Publiques does not provide France […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

FIRS, French agency sign MoU to boost tax efficiency

The Federal Inland Revenue Service has entered into a memorandum of understanding with France’s Directorate General of Public Finances to enhance efficient tax administration. The DGFP, a key agency of the French government, is responsible for managing public finances, including tax collection and administration. The agreement was signed on Wednesday at the French Embassy in […]

featured Opinion

Nigeria deserves transparency, Arewa youths demand FIRS probe

The Arewa Consultative Forum Youth Movement has stated that Nigeria deserves institutions built on transparency and leaders whose actions strengthen, not undermine, public trust. The movement’s President, Kabiru Yusuf, made this declaration in Abuja yesterday. He was responding to the escalating public demand for a forensic investigation into the Federal Inland Revenue Service. The forum […]

Economy

New tax laws target investment, fiscal stability, FIRS assures

The Federal Inland Revenue Service has stated that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments and improve long-term fiscal stability. The agency also clarified that the much-debated four per cent development levy on imported goods is not a new or additional tax burden, but a streamlined consolidation of several […]

Business

FIRS denies Xpress Payments as sole tax fee platform

The Federal Inland Revenue Service has refuted recent claims regarding the appointment of Xpress Payments as a solitary part of the national revenue collection system. The agency described these claims as inaccurate and capable of politicising a strictly administrative process. In a statement signed by Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to the […]

Business

No monopoly granted to Xpress Payments for TSA collection — FIRS

The Federal Inland Revenue Service has dismissed claims by former Vice President Atiku Abubakar regarding the selection of Xpress Payments Solutions Limited as a platform for Treasury Single Account revenue collection. In a social media post on Sunday, Atiku criticised what he called the federal government’s “quiet appointment” of Xpress Payments, suggesting it represented a […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

FIRS orders 10% withholding tax on short-term securities

The Federal Inland Revenue Service has directed banks, stockbrokers, and other financial institutions to withhold a 10 per cent tax on interest earned from short-term securities. This represents a major policy change, as these instruments were previously exempt from taxation to boost investor participation. The notice, signed by FIRS Executive Chairman Zacch Adedeji, was addressed […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

FIRS hits record ₦47.39tn tax collection

The Federal Inland Revenue Service has recorded an all-time high tax collection of ₦47.39 trillion between October 2023 and September 2025. The milestone was achieved under the leadership of FIRS Chairman Zacch Adedeji, who was appointed by President Bola Tinubu on September 14, 2023. According to performance data obtained on Sunday, the agency surpassed its […]

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