The Nigeria Revenue Service (NRS) has set a target of ₦40 trillion in tax revenue for 2026, stressing the importance of collaboration with states to achieve the goal.
NRS Raises Alarm Over Illicit Capital Outflows, Recovers N80bnÂ
The Nigeria Revenue Service (NRS) has stated that it recovered over N80bn from illicit financial flows within a three- to five-year window. It urged private sector operators to strengthen due diligence and help curb capital flight.
The...
President Bola Tinubu, on Tuesday in Abuja, said colonial-era tax laws impoverished Nigerians through fragmentation, multiplicity, and inconsistencies, and assured that the new reforms will deliver greater prosperity and inclusivity.Â
The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has defended Nigeria’s current fuel pricing, stating that petrol is now significantly cheaper compared to global benchmarks, while also highlighting the disappearance of fuel queues across the country.
Modernising Nigeria’s Tax Administration: A New Era Under Zacch Adedeji
By Arabinrin Aderonke
January 2026 marked a defining moment in Nigeria’s fiscal history. With the official commencement of the (NRS), the nation signaled not just a change in name from the (FIRS), but the beginning of...
The Nigeria Revenue Service (NRS) has begun the phased rollout of its electronic invoicing and fiscal monitoring system, designed to strengthen tax administration, improve transparency, and encourage voluntary compliance.
