The Coalition of Northern Groups (CNG) has condemned President Bola Ahmed Tinubu’s insistence on implementing the newly enacted tax reform laws from 1st January, 2026, describing the move as an assault on democracy amid unresolved allegations that the laws were materially altered after passage by the National Assembly. The CNG unequivocally condemned the posture, which…
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 has been dragged before a High Court of Justice of the Federal Capital Territory (FCT) over the January 1, 2026, planned take-off of the new tax laws. The plaintiff in the suit, Incorporated Trustees of African Initiative for Abuse Public Trustees, prayed the court for an order to stop the planned implementation…
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has dismissed claims that all Nigerians must obtain a Tax Identification Number (Tax ID) before opening or maintaining bank accounts, stressing that the requirement applies only to taxable persons and businesses. In a post on his X handle, Oyedele explained that the newly…
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…
