FIRS

The National bureau of statistics has reported an increased vat collection revenue from N1.43 trillion in Q1 2024, to an improved revenue at a growing rate of 9.11 per cent to N1.56 trillion in Q2 2024. Value Added Tax is a consumption tax…

The Senate Committee on Public Accounts has criticized the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), the Nigeria Police Force, and 12 other government agencies for consistently failing…

Three federal revenue-generating agencies – the Nigerian National Petroleum Company Limited (NNPCL), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Inland Revenue Service (FIRS) are in the process of…

National Bureau of Statistics (NBS) on Thursday revealed that Nigeria’s economy earned N2.33 trillion from Value Added Tax (VAT) and Company Income Tax (CIT) in the fourth quarter of 2023 The report by NBS disclosed that VAT collections…

The Federal Inland Revenue Service (FIRS) will undergo a significant restructure after the federal government authorized a new organizational structure for the agency. Wale Edun, the Minister of Finance and Coordinating Minister for the…

The Federal Inland Revenue Service, FIRS, has approved a full waiver of penalties and interests on all outstanding tax liabilities subject to the payment of the full principal before December 31, 2023. The waiver was disclosed in a…

The Federal Inland Revenue Service (FIRS) has issued a December 31 deadline for foreign shipping companies that lift crude oil from Nigeria to reconcile their tax records in new measures to widen the tax-payers list and increase accruals.…

After his exit as the chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, was alleged tohave approve N6 billion as payments to several contractors and consultants. Nami, who was succeeded by Zacchaeus Adedeji, greenlit…

The Immediate past Executive Chairman of the Federal Inland Revenue Service (FIRS) Muhammed Nami said the agency collected a total of N8.5trillion tax revenue in cash between January 1st and September 14th, 2023 Nami spoke at…

Revenue drought hitherto experienced under ex-President Muhammadu Buhari may gradually be receding following the increased tax collection recorded in June by the Federal Inland Revenue Service (FIRS) which shows an improvement in the…