The Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS) had received about N1.217 trillion as cost of revenue collections in the last five years, Daily Trust investigations have shown. Analysis of official data obtained from FIRS and Federal Ministry of Finance shows that...

With the new electronic Vehicle Identification Number (VIN), any vehicle on which duty has not been paid will not be able to be registered and driven in Nigeria, the federal government declared. Speaking at the commencement of a workshop on the new registration platform, held...

The 36 states of the federation shared N111.8 billion in October. It is less than the N143.6 billion shared in September from the Federation Account by N31.8 billion. The breakdown forms part of a report yesterday by the News Agency of Nigeria (NAN) from Office of...

The Senate has rejected the report by its Committee on Finance in which the N143.7bn budget of the Federal Inland Revenue Service was approved. The lawmakers, while debating the recommendation of the committee during the day’s plenary, criticised the report as lacking details. While some senators...

Economic Community of West African States (ECOWAS), the Federal Inland Revenue Service (FIRS) and the World Bank Group is currently meeting on the first Transfer Pricing for ECOWAS Member States in Abuja, under the European funded Improved Business and Investment Climate in West Africa...

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler has been elected as the Council Chairperson of the African Tax Administration Forum (ATAF). Mr. Tunde Fowler emerged the winner of the keenly contested election during the Forum’s 4th General Assembly meeting...