FIRS
The Minority Caucus of the House of Representatives has asked the Federal Government to halt implementation of the planned tax laws following alleged alteration controversies rocking the country. The call for suspension followed insistence by Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, last week, that the date for the […]
The Federal Inland Revenue Service has announced that the National Identification Number issued by the National Identity Management Commission has automatically become the Tax Identification Number for individual Nigerians. The clarification was made in a public awareness campaign on the new tax laws shared by the Service on X yesterday. According to the FIRS, registered […]
Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per liter following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports. The new policy, which takes effect after a 30-day transition period expected to end on 21 November 2025, […]
The approval was conveyed in a letter dated October 21, 2025, by Damilotun Aderemi, the President’s Private Secretary, to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Tinubu’s decision followed a request from the FIRS to apply the 15 percent duty on the cost, insurance, and […]
The Federal Inland Revenue Service (FIRS) has said Nigeria’s sweeping new tax reforms will exempt essential sectors including food, education, agriculture, and shared transportation from value-added tax (VAT), in what it described as the most significant fiscal transformation since independence. The Executive Chairman of the FIRS, Zacch Adedeji, disclosed the reforms during an interview marking […]
At least seven people have been confirmed dead following a major fire at Afriland Tower on Lagos Island on Tuesday. The victims, evacuated from the high-rise, later died in hospitals across Lagos State, according to state officials who spoke yesterday. The blaze at Afriland Tower was one of two separate fire incidents that rocked the […]
The Federal High Court sitting in Lagos has affirmed the authority of the Federal Inland Revenue Service (FIRS) to charge and collect Value Added Tax (VAT) on food deliveries and transport services carried out by independent vendors and drivers using ride-hailing platforms such as Bolt. In a ruling delivered by Justice Akintayo Aluko, the court […]
Tensions flared on Monday between two major federal agencies as the Federal Inland Revenue Service (FIRS) condemned the Federal Capital Territory Administration (FCTA) for sealing off one of its offices in Abuja. In a strongly worded statement posted via X (formerly Twitter), Aderonke Atoyebi, Technical Assistant on Broadcast Media to the FIRS Executive Chairman, described […]
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