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NRS warns tax leakages threaten ₦40tn revenue target

Policy and Regulations

Nollywood’s ‘Call of My Life’ grosses ₦78.2m at weekend

Entertainment featured
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

CBN offers ₦650bn treasury bills auction on Wednesday

Finance

Togo scraps visa requirements for all African passport holders

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Tag: Tax evasion

Policy and Regulations

NRS warns tax leakages threaten ₦40tn revenue target

The Nigeria Revenue Service has warned that persistent tax leakages, delayed remittances and weak compliance by some government institutions and sub-national entities could threaten its target of generating about N40tn in revenue for the federation in 2026. Nairametrics reported that the agency raised the concern on Tuesday at the National Workshop on Strengthening Tax Compliance […]

Air Peace suspends flights over NiMet strike, cites safety concerns
Aviation

Air Peace rejects Lagos govt tax evasion allegations

Nigeria’s largest airline, Air Peace, has dismissed reports alleging that its Chairman and Chief Executive Officer, Allen Onyema, and Vice Chairman, Alice Onyema, are facing a tax evasion suit filed by the Lagos State Government. The airline, in a statement issued on Monday, described the claims as surprising and unsubstantiated. It noted that neither the […]

featured Finance

LIRS vows to recover unpaid taxes through banks, employers

The Lagos State Internal Revenue Service has announced that it will enforce its statutory powers to recover unpaid taxes from defaulting taxpayers through third parties, including banks, employers, debtors, tenants and business partners. This is contained in a public notice dated January 21, 2026, and sighted by our correspondent on the LIRS website on Sunday. […]

Scams

EFCC warns businesses against tax evasion, financial malpractices

The Economic and Financial Crimes Commission has issued a stern warning that tax evasion, the submission of false declarations, and other financial malpractices are not just illegal but constitute a grave disservice to the nation. This was stated by the Commission’s Acting Zonal Director for the Kano Zonal Directorate, Sa’ad Hanafi, during a one-day sensitization […]

Seven banks paid N392.53bn in taxes in first half of 2024
News

Edo laments tax evasion, revenue loss to Delta

Stakeholders in Edo State, including commissioners, senior civil servants, and members of the judiciary, have lamented the continued loss of revenue through tax evasion. It was revealed that many people working in Edo State pay their taxes to the Delta State government. The Edo State Inland Revenue Service has adopted a Treasury Single Account to […]

FBN Insurance targets 1m customers in one year
Banking

Tax evasion: Kogi govt seals First Bank branches

Kogi State Government has sealed all branches of First Bank Nigeria PLC operating in the state following an order by a High Court sitting in Lokoja. The order was carried out by men of the Kogi State Internal Revenue Service following the inability of the bank to liquidate its outstanding tax liabilities of over N411.12 […]

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