FIRS Records N4.8trn 10-year Revenue Shortfall   Within a 10-year period covering 2010 and 2019, the Federal Inland Revenue Service recorded a revenue shortfall of N4.88tn, figures obtained from the FIRS have indicated. The FIRS data showed that during the 10-year period, the service generated about N43.41tn...

2020: FG Targets 56% Revenue From Non-oil Sources   To demonstrate its determination to diversify the economy, and attendant revenue streams, the Federal Government hopes to generate about 56 per cent of its 2020 projected revenue from the non-oil sources. This target is probably being buoyed by...

NIPOST Staff Fault Ceding Stamp Duty To FIRS   Workers of the Nigerian Postal Service on Thursday staged a protest at the headquarters of the Ministry of Finance over the plan by the Federal Government to cede stamp duty collection to the Federal Inland Revenue Service. The...

Senate Confirms Adamu, Nami For AMCON, FIRS   The Senate yesterday confirmed the appointment of Muhammad Nami as the Chairman of the board of the Federal Inland Revenue Service (FIRS). The Upper Chamber also approved the appointment of Mr. Edward Adamu as the new Chairman of the...

FIRS Gives 7-day Notice To Tax Defaulters   The Federal Inland Revenue Service has given a seven-day notice to tax defaulters, with a warning that it will soon begin a nationwide tax enforcement to bring defaulters to book. The notice was contained in a statement signed by...

FIRS Gets Approval To Collect Stamp Duty   The Federal Government has announced that the Federal Inland Revenue Service (FIRS) will automatically become an agency to collect the N50 Stamp Duty following the passage of the 2019 Finance Bill by the National Assembly which contains an...