Senate Warns Revenue Agencies Over Breach of Remittance Laws
By Anayo Akwitti The Senate on Wednesday threatened to invoke its constitutional powers against more than 30 federal revenue-generating agencies and government-owned enterprises over alleged violations of statutory revenue remittance laws and refusal to honour invitations to appear before its Committee on Finance. The warning followed a point of order raised during plenary by the […]
Nigeria Revenue Service Unveils Official Logo to Replace FIRS
By Oluwakemi Kindness The Nigeria Revenue Service (NRS) has officially unveiled its logo, marking the formal transition from the Federal Inland Revenue Service (FIRS) following the enactment of the Nigeria Revenue Service Establishment Act, 2025. The unveiling ceremony, held on Wednesday in Abuja, comes months after President Bola Tinubu signed the enabling law in June […]
New Tax Framework to Cut Operating Costs for Airlines — FG
By Oluwakemi Kindness The Presidential Fiscal Policy and Tax Reforms Committee has dismissed claims that Nigeria’s new tax laws will negatively affect the aviation industry. Rather it is insisting that the reforms are designed to ease long-standing cost pressures on airlines rather than worsen them. In a statement on monday, the committee acknowledged the genuine […]
House Orders Re-Gazetting of 2025 Tax Laws After Public Concerns
By Oluwakemi Kindness The House of Representatives has directed that four major tax reform laws passed in 2025 be re-gazetted. This became necessary following public concerns over how the bills were processed, assented to, and published. The affected laws are the Nigeria Tax Act, 2025; Nigeria Tax Administration Act, 2025; Joint Revenue Board of Nigeria […]
Senate Frowns at Multiple Budgets in a Fiscal year
By Anayo Akwitti The Senate has expressed dis-satisfaction with multiple budgets implementation in a fiscal year by the federal government as experienced in 2025. As a result it has, the Senate has tasked the Federal Inland Revenue Service ( FIRS) to increase its projected revenue target for 2026 from thirty one trillion naira to thirty […]
OGFZA Backs 10-Year Tax Exemption for Oil, Gas Free Zone Operators
By Okuwakemi Kindness The Oil and Gas Free Zones Authority (OGFZA) has supported calls for a 10-year exemption for operators in oil and gas free zones from the new tax law. OGFZA Managing Director and CEO, Bamanga Umar-Jada, made the call in Onne, Rivers State, during a town hall meeting with the Federal Inland Revenue […]
FG to Launch Tax Ombud Office to Safeguard Taxpayers’ Rights
By Oluwakemi Kindness From January 1, 2026, Nigerian taxpayers will have a new avenue to resolve disputes as the Federal Government launches the Office of the Tax Ombud (OTO), a key feature of President Bola Tinubu’s ongoing tax reforms. Established under the Joint Revenue Board of Nigeria (Establishment) Act, 2025, the Ombud will serve as […]
Not All Bank Deposits Are Taxable – FIRS
By Oluwakemi kindness The Federal Inland Revenue Service (FIRS) has clarified that not all funds deposited in individual bank accounts are subject to taxation. The recent comment counters widespread misconceptions surrounding the recently passed tax reforms. Speaking at the inaugural parliamentarian lecture by the House of Representatives Press Corps, Special Assistant to the FIRS Chairman […]
FIRS Certifies eTranzact for Nationwide E-Invoicing Rollout
By Oluwakemi Kindness The Federal Inland Revenue Service (FIRS), has certified eTranzact Firm as a provider for its nationwide e-invoicing rollout. FIRS emphasized that the move is expanding on earlier collaborations to automate tax processes. In a statement on Thursday, FIRS Head of Corporate Communications, Adeyemi Opene, says the move will strengthen the agency’s push […]
Customs, FIRS Target Q1 2026 Single Window Launch
By Oluwakemi Kindness The Nigeria Customs Service (NCS), the Federal Inland Revenue Service (FIRS), and the National Single Window (NSW) Secretariat have reaffirmed their commitment to fast-tracking the take-off of the Nigerian National Single Window Project, set for launch in the first quarter of 2026. At a high-level meeting in Abuja on Tuesday, Comptroller-General of […]