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Federal Inland Revenue Service
The directive by the Nigerian government for account holders in financial institutions to complete a new “self-certification” form is not for all bank customers, the Federal Inland Revenue Service (FIRS) and tax experts have clarified.
Nigeria’s Minister of Works, Mr Babatunde Fashola, on Tuesday disclosed that the Federal Government is expending N113.67 billion on road construction and rehabilitation across Osun State.
Despite the national and global economic upheaval caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) has said the non-oil tax receipts have consistently contributed 75-90 per cent of total tax revenue in recent months due strategic reforms.
The Federal Inland Revenue Service (FIRS) says it has recorded significant increase in collectable tax revenue from the non-oil sector of the economy.
The Federal Inland Revenue Service (FIRS) has unveiled an automatic exchange of information-common reporting standard (AEOI-CRS) system for the use of financial institutions in the country.
President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.
In its effort to adequately tackle cyber-crime and cyber-attack in Nigeria, the Federal Government has upgraded facilities at the Computer Emergency Response and Readiness Team Centre under the supervision of the National Information and Technology Development Agency.
The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country.
The Ministry of Industry, Trade and Investment says implementation of Ease of Doing Business (EODB) reforms is paramount for Nigeria’s competitiveness in African Continental Free Trade Area (AfCFTA).
Mr. Alex A. Okoh, Director General of the Bureau of Public Enterprises (BPE), has assured workers of the Nigerian Postal Service (NIPOST) that the on-going reform of the postal service will not attract job losses or retrenchment but will rather create more jobs in the subsidiaries that would emerge after the reform.
The Minister of Communications and Digital Economy, Dr Isa Ali Pantami, has disclosed that he has written to President Muhammadu Buhari over the Stamp Duty dispute between the Nigeria Postal Service (NIPOST), a subsidiary of his ministry, and the Federal Inland Revenue Service (FIRS).
Responsibility of stamp duties collection between FIRS and NIPOST was raised at an interactive session on the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) organised by Joint Senate Committees on Finance and National Planning in Abuja on Thursday.
The Bill, sponsored by Rep. Babajimi Benson (APC-Lagos) and six others, is entitled: “An Act to Provide Special Financial Support for the Revamping of the Nigerian Armed Forces Personnel and the Provision of Modern Security and Defence Equipment and for Related Matters”.
The federal government says it is ready to support the 36 states to recover the backlog of stamp duties and generate more revenues for the country.
The Federal Inland Revenue Service (FIRS) generates about N3 billion from stamp duty weekly.
The Nigerian Postal Service on Sunday said its stamp duty account was opened by the Central Bank of Nigeria under the Treasury Single Account in response to claims made by the Federal Inland Revenue Service.
The Federal Inland Revenue Service (FIRS) has expressed its resolve to ensure that all monies collected by the Nigeria Postal Service (NIPOST) into its ‘illegally operated Stamp Duties’ Account’ are fully recovered and remitted into the Federation Account.
Tax revenues generated by the Federal Inland Revenue Service (FIRS) have kept the Nigerian economy going despite the ravages of the COVID-19, Executive Chairman, FIRS, Mr. Muhammad Nami, has disclosed.
The Kaduna State Government said on Friday that it would revive guidance and counselling unit in public Secondary Schools in the state.
Akwa Ibom State Government has fixed September 21 2020 for the commencement of processes for the resumption of academic activities in the state-owned university, college of education and public primary schools.
Governor Babagana Zulum of Borno State says Boko Haram insurgents have started recruiting children in the state due to the increase in unemployment.
The Peoples Democratic Party (PDP) caucus in the House of Representatives has condemned alleged siege on opposition governors by security agents in Benin City, the Edo State capital, ahead of Saturday’s gubernatorial election in the state.
Serge Gnabry hit a hat-trick as holders Bayern Munich romped to an historic 8-0 rout of Schalke on Friday in the opening game of the 2020/21 Bundesliga season behind closed doors.
The Federal Road Safety Corps (FRSC) has confirmed the death of five persons and injury of five in an accident involving a truck and a Mazda bus in Saki area of Oyo State.
Accountancy giant Deloitte failed to properly audit the accounts of software giant Autonomy ahead of its 11 billion-dollar sale to Hewlett Packard almost a decade ago, the accounting regulator has found.
President Muhammadu Buhari, on Friday, said the Federal Government would engage the services of members of the National Youth Service Corps to champion the implementation of the Sustainable Development Goals 2030 at the grassroots.
The National President of the Pentecostal Fellowship of Nigeria (PFN), Rev. Felix Omobude, has advised Edo State residents to maintain peace before, during and after tomorrow’s governorship election.
Paris-Saint Germain star Neymar and Marseille’s Alvaro Gonzalez have continued their fight on social media following Sunday’s ill-tempered match between their clubs.