Oil Firms Owe FG $6.17bn – NEITI
Oil companies’ indebtedness to the Federal Government in terms of royalties and taxes has risen to $6.175bn, according to an audit of the petroleum industry by the Nigeria Extractive Industries Transparency Initiative (NEITI).
The oil and gas industry report,...
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...
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...
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...
FCT Generated Over N126.5bn Revenue in Six Months
The Federal Capital Territory Internal Revenue Service, FCT-IRS, has said it generated over N126.5 billion in the first half of 2024, H1’24, a 53.5 percent increase over the N82.45 billion collected in the corresponding period of 2023.
Speaking...
FIRS, NCS, NUPRC Experience 131% Surge in costs of Revenue Collection
.The Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have experienced a 131% increase in their cost of revenue collection for the first quarter of...
