The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions in Nigeria to begin deducting a 10 per cent withholding tax on interest earned from short-term …
The National Orientation Agency (NOA) has said that Nigeria’s debt burden has “significantly decreased” since President Bola Tinubu took office in 2023, dismissing public claims that the country’s debt has …
The Federal Inland Revenue Service (FIRS) has achieved a record N47.39 trillion in tax revenue between October 2023 and September 2025 under Chairman Zacch Adedeji, surpassing its target by 15% …
The Federal Government has launched a nationwide revenue recovery exercise aimed at boosting inflows into the Federation Account and blocking financial leakages across key revenue-generating agencies. The initiative was unveiled …
Nigeria’s new tax reform law has been officially signed and will take effect from the 2026 fiscal year. The new law introduces several changes aimed at improving compliance, easing the …
Former Speaker of the House of Representatives, Yakubu Dogara, has described President Bola Tinubu’s tax reforms as the most ambitious economic overhaul in Nigeria in recent history. He predicted that …
The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have renewed their pledge to work more closely together in order to strengthen Nigeria’s tax compliance …
The Federal Inland Revenue Service (FIRS) has warned taxpayers against the temptation of concealing business transactions under the new National E-Invoicing Solution, also known as the Merchant-Buyer Model. The agency …
President Bola Ahmed Tinubu has ordered a full review of revenue deductions and retention practices by Nigeria’s major federal revenue-earning agencies. The directive was made public by the Minister of …
The federal government has announced that Nigeria’s total tax revenue for the first half of 2025 rose to N14.27 trillion, showing a big jump of 43 per cent from the …