#Firs

... for contract awarded to unregistered persons Companies and statutory bodies that award contracts to unregistered persons will face a N5 million administrative penalty under Nigeria’s tax law. According to the…

The Nigeria Revenue Service (NRS) has unveiled its institutional brand identity, marking the official transition from the Federal Inland Revenue Service (FIRS) to the newly established revenue authority. The transition was…

The Joint Revenue Board (JRB) has announced that the Nigerian tax identification (ID) portal will go live nationwide on January 1, 2026, as part of efforts to modernise tax administration. The board announced this in a notice…

It is unfortunate - though pleasant surprises can occasionally ‘crop up’ - that Zacch Adelabu Adedeji is unlikely to be among the recipients of the ubiquitous ‘Man of the Year’ awards. These accolades, jocularly referred to by the…

1. Federal Inland Revenue Service (FIRS): N1.35trn 2. Nigerian Upstream Petroleum Regulatory Commission (NUPRC): N660.04bn 3. ⁠Nigeria Customs Service (NCS): N287.18bn 4. ⁠Nigerian National Petroleum Corporation Limited (NNPCL):…

The Federal Inland Revenue Service (FIRS) and France’s Direction Générale des Finances Publiques (DGFIP) signed a landmark Memorandum of Understanding to strengthen bilateral cooperation and advance the digital transformation of Nigeria’s…

The Federal Inland Revenue Service (FIRS) has announced plans to officially launch the Nigeria Tax Reform Acts on Monday, November 10, 2025 ....stay tuned for more!

The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions to begin deducting a 10% withholding tax on interest earned from short-term securities. ....stay tuned for more!

The trial of Emmanuella Eteta Ita, Head of Stakeholders Unit of the Federal Inland Revenue Services, FIRS and her Surestart School Limited before Justice Giwa Ogunbanjo of the Federal High Court, sitting in Abuja, continued on Tuesday,…

The Federal Government announced yesterday that revenue-generating agencies will no longer be allowed to retain a portion of the funds they collect. This marks the end of the long-established practice of making deductions for the cost of…