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Federal Inland Revenue Service

Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS: Not all bank account owners expected to fill ‘self-certification’ forms

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.

Nigerian government expending N113.37 billion on road projects in Osun – minister

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.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

Tax revenue: Non-oil sector increased by 90 percent – FIRS

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.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS rakes in N438 billion from non-oil tax in July

The Federal Inland Revenue Service (FIRS) says it has recorded significant increase in collectable tax revenue from the non-oil sector of the economy.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS unveils reporting portal for financial institutions

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 on Sunday said the federal government will provide relief materials for residents of Lagos and Abuja whom he ordered to stay-at-home as part of measures to curb the spread of the coronavirus.

President Buhari: It’ll be dangerous to go back to fuel subsidy era

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.
Director-General, National Information Technology Development Agency (NITDA), Dr. Isah Pantami

Nigerian government tackles cyber-attacks through upgraded ICT facility

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.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

Income tax: FIRS inaugurates online portal for financial institutions

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.
Mr Adeniyi Adebayo, the Minister of Industry, Trade and Investment, says the Federal Government has initiated a process to revive the collapsed industries in Kano State.

AfCFTA: Ease of Doing Business reforms paramount for competitiveness – official

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).

BPE: No job losses in NIPOST reform

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.
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

Stamp Duty: Minister writes President Buhari, seeks justice for NIPOST

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).
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS: Stamp Duties collection backed by law

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.
Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

House of Reps moves to restructure military, security agencies

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 Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

Nigerian government to support states recover backlog of stamp duties

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.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS generates N3 billion from stamp duty weekly – chief

The Federal Inland Revenue Service (FIRS) generates about N3 billion from stamp duty weekly.

NIPOST: Central bank approved our stamp duty account

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.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS vows to recover funds in NIPOST’s ‘illegal’ stamp duties’ account

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.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS: Tax revenues boost our economy despite pandemic

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.

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Edo election: PDP Reps condemn ‘siege’ on opposition governors

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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.

Bayern thrash Schalke 8-0 in Bundesliga opener

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