The Federal Inland Revenue Service (FIRS) has officially transitioned to the Nigeria Revenue Service (NRS), a newly established revenue authority. The transition was marked with the unveiling of the agency’s new logo, according to a statement from Special Adviser to the chairman of NRS, Dare Adekanmbi This is as Nigerian banks will begin deducting a…
The federal government received N360.29bn from electronic money transfer levies between January and October 2025, based on a Federal Inland Revenue Service document seen by The PUNCH on Friday. The amount was more than double the N170.92bn generated in the same period of 2024, showing an increase of N189.36bn (110.8 per cent). The monthly figures…
Nigerians are in for harder times as President Bola Ahmed Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), also known as petrol. This was announced in a letter dated October 21, 2025, where the private secretary to the president, Damilotun Aderemi, conveyed Tinubu’s approval to the Federal…
The trial of Emmanuella Eteta Ita, Head of Stakeholders Unit of the Federal Inland Revenue Services, FIRS and her Surestart School Limited before Justice Giwa Ogunbanjo of the Federal High Court, sitting in Abuja, continued on Tuesday, with the judge slating December 8, 2025 for judgment. Ita and Surestart School Ltd are standing trial on…
Pictures of the late FIRS staff Tragedy struck on Tuesday when a fire engulfed at Afriland Towers on Broad Street, Lagos, a multiple storey building that houses offices of the Federal Inland Revenue Service (FIRS) and United Capital Plc (UCAP), a branch of United Bank of Africa (UBA), and other financial institutions. The fire was…
The Federal Inland Revenue Service (FIRS) has debunked claims that Nigerians must obtain a separate Tax Identification Number (TIN), before they can own or operate a bank account. The Service explained that the new framework integrates seamlessly with existing national registries such as the National Identification Number (NIN) and Corporate Affairs Commission records. There had…
A dramatic standoff is unfolding in Kano State as the Federal Inland Revenue Service (FIRS) sealed the headquarters and offices of the Kano Electricity Distribution Company (KEDCO) over alleged tax liabilities amounting to billions of naira owed to the federal agency. A KEDCO staff member who spoke with SolaceBase on condition of anonymity, on Thursday,…
Bureau of Public Procurement (BPP) has taken delivery of two Compressed Natural Gas (CNG)-powered buses from the Federal Inland Revenue Service [FIRS]. Head of Public Relations at BPP, Zira Zakka Nagga, said in a press statement dated July 1, 2025, that the donation was a significant gesture of institutional collaboration and national commitment to the…
Adedeji The Federal Inland Revenue Service (FIRS) would now be known as the Nigerian Revenue Service (NRS) following the signing into law of the Tax Reform Bills by President Bola Tinubu. This development was announced on Thursday by the Chairman of NRS, Zacch Adedeji, during a press conference at the State House in Abuja, shortly…
The federal government has sued cryptocurrency trading company Binance Holdings Limited at the Federal High Court in Abuja, demanding $79bn and N231m as compensation for economic losses allegedly caused by its operations in Nigeria. FG, in the suit marked FHC/ABJ/CS/1444/2024, filed through the Federal Inland Revenue Service (FIRS), demanded that the company pay an additional…
