FIRS Partners ACCI to Boost Tax Compliance   The Federal Inland Revenue Service (FIRS) has strengthened its commitment to enhancing tax compliance among Nigerian businesses through a strategic partnership with the Abuja Chamber of Commerce and Industry (ACCI). This collaboration was highlighted during the opening ceremony of...

Rail Transport Earns N1.69 billion in Q2 – NBS The Nigerian rail system generated N1.69bn in revenue from passengers in the second quarter of 2024, reflecting a 53.14 per cent increase compared to the N1.10bn recorded in the same period of 2023. This data was disclosed...

Revenue Increase, Better Compliance, Others Necessary for Tax Reforms - FIRS The Chairman of the Federal Inland Revenue Service (FIRS), Dr Zaach Adedeji, yesterday explained that Nigeria’s tax system reforms are driven by the need for increased revenue, better compliance, and more equitable economic practices. Adedeji...

Nigeria’s Inflation Declines by 1.23% in August – NBS The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024. The NBS said this in its Consumer Price Index (CPI) and Inflation Report for August 2024, which...

DisCos’ Revenue Rises by 40% to N433bn   Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to June, rose almost 40 per cent to N433 billion during the period, on the back of the recent tariff increase...

Experts Hail FIRS as VAT Hits N1.56trn The Federal Inland Revenue Service(FIRS) has received the commendation of analysts for collecting N1.56trn in its Value Added Tax collections in the second quarter of the year. A report released by the Nigeria Bureau of Statistics on Sunday showed...