By Joke Kujenya ACCESS TO banking and financial services in Nigeria is about to require a Tax Identification Number (TIN), the Presidential Committee on Fiscal Policy and Tax Reforms has stated. Taiwo Oyedele, Chairman of the committee, emphasised that a TIN is necessary for all taxable entities and warned that bank accounts may face restrict...
By Jemimah Wellington, JKNewsMedia Correspondent PUBLIC DISCUSSION around a Memorandum of Understanding (MoU) signed between Nigeria and France has drawn an official response from the Federal Inland Revenue Service (FIRS), which says the agreement does not compromise national sovereignty or taxpayer data. Concerns raised in recent reports and...
By Ajibola Olaide, JKNewsMedia Reporter FEDERAL REVENUE surged to N3.65 trillion in September 2025, representing a 411 percent rise from the N711 billion recorded in May 2023 when the present administration assumed office. The figures were disclosed by Dr Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), during a...
By Jemimah Wellington, JKNewsMedia Correspondent THE FIRE that swept through Afriland Towers on Broad Street, Lagos Island, on Tuesday has been confirmed by the Federal Inland Revenue Service (FIRS) and United Capital Plc to have claimed at least ten staff members, according to separate statements issued by the two organisations. The FIRS, th...
By Joke Kujenya THE FEDERATION Account Allocation Committee (FAAC) discloses it has disbursed N2.32 trillion to Nigeria’s three tiers of government in June 2024. This distribution comes from the total revenue generated in May 2024. The disbursement included N1,223.89 billion from the Statutory Account, N587.46 billion from Exchange Gain,...
