Tag Archives: FIRS

Nigeria’s national mood is tense. The country is facing economic hardship, insecurity, public distrust in institutions, and an increasingly widening gap between citizens and their government.

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The Federal Inland Revenue Service has dismissed claims that Nigerians must obtain a separate Tax Identification Number before they can own or operate a bank account, insisting that the new framework integrates seamlessly with existing national registries such as the National Identification Number and Corporate Affairs Commission records

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The 2025 Conference of the Finance Correspondents Association of Nigeria (FICAN) has received strong backing from key financial institutions and regulators, underscoring its significance as a platform for shaping discourse on Nigeria’s digital economy.

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In a renewed legal battle to recover the sum of $57,753,337.64 and EURO 14,494,977.68 that a limited liability company SAIPEM CONTRACTING NIGERIA LIMITED has refused to pay as tax to Federal Government of Nigeria, FEDERAL INLAND REVENUE SERVICE has filed two separate amended Charges before a Federal high court in Lagos against the company.

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Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has directed the extension of tax office operations to weekends for the month of June.

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Christian Community Reacts Strongly to FIRS Advertisement The Christian Association of Nigeria (CAN) is calling for a public apology from the Federal Inland Revenue Service (FIRS) after a contentious Easter-themed advertisement sparked outrage among believers. FIRS faced backlash for a social media post featuring a point-of-sale machine alongside the caption, “Jesus paid your debts, not your taxes.” The message, now …

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A Prosecution Witness (PW6), in the ongoing trial of the Head of Stakeholders Unit of the Federal Inland Revenue Services, FIRS, Emmanuella Eteta Ita, on Monday, March 18, 2024, told Justice Giwa Ogunbanjo of the Federal High Court in Abuja, how Ita siphoned and diverted large sums of money meant for Stakeholders’ assignments

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The Federal Inland Revenue Service (FIRS) has revealed that a value-added tax (VAT) rate of 7.5% will be applied to items that were previously excluded from building-related charges.

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To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the first two IFRS Sustainability Disclosure Standards, (IFRS S1 and IFRS S2 Standards) by the International Sustainability Standards Board (ISSB).

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The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by both agencies to establish a Joint FIRS and LIRS Audit and Investigation Team aimed at encouraging the exchange of information between both agencies.

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