Tinubu Directs FIRS, Customs to Review Revenue Deductions President Bola Tinubu has directed a review of deductions and revenue retention practices by Nigeria’s major revenue-generating agencies, in a bid to boost public savings, improve spending efficiency, and unlock resources for growth. The agencies include the Federal...

Customs, FIRS Join Forces to Speed Up Single Window Project The Federal Inland Revenue Service and the Nigeria Customs Service have stepped up collaboration on the National Single Window project, a landmark trade facilitation initiative expected to transform Nigeria’s import and export processes, improve revenue...

The Federal Government has commenced the rollout of a national Electronic Fiscal System to modernise Nigeria’s tax administration, curb evasion, and enhance transparency in revenue collection.

Oil Tax Revenue Rises 41.7% to N3.69tn Improved crude oil production and better compliance from oil companies have pushed Nigeria’s oil tax revenue to N3.69tn in the first half of 2025. This represents a 41.7 per cent increase over the N2.604tn collected in the same period...

FIRS Stops Issuance of Tax Exemption Certificates The Federal Inland Revenue Service has discontinued the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations, and free zone entities. In a public notice signed by its Executive Chairman, Zacch Adedeji,...

FIRS Rakes in N14.27tn Revenue, Exceeds H1 Target The Federal Government, through the Federal Inland Revenue Service, has recorded a significant revenue surge in the first half of 2025, collecting a total of N14.27tn, representing a 43 per cent growth compared to the same period...