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Public Service Award Morale Booster For FIRS – Nami

The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has said that the Public Service Person of the Year 2022 award conferred on him by Leadership Newspaper is a morale booster for the revenue agency to do more in furtherance of the fulfillment of its mandate. Nami made this remark during a chat […]

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Rumour About CBN Withholding N89Trn Stamp Duty Untrue – Emefiele

The governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday debunked ongoing rumour that the apex bank was withholding N89 trillion revenue accruals from Stamp Duty, saying the rumour is ill-founded and untrue. Emefiele made this clarification while briefing journalists at the end of the 289th meeting of the Monetary Policy Committee (MPC) […]

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FIRS Reports N10.1Trn Tax Revenue Collection In 2022

The Federal Inland Revenue Service (FIRS) reported on Monday that it collected over N10 trillion in tax revenue in fiscal year 2022, represented the highest tax collection ever recorded in its history. The Service made this known in its “FIRS 2022 Performance Update,” report signed by its Executive Chairman, Mr. Muhammad Nami, and released to […]

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LIRS Reaffirms January 31 Tax Returns’ Filing Deadline For Firms

The Lagos State Internal Revenue Service (LIRS) has reaffirmed that January 31, 2023, remained the deadline for filing of annual tax returns by employers of labour in the state. The Executive Chairman of the Service, Mr. Ayodele Subair, in a statement signed on Sunday by the Head, Corporate Communications of LIRS, Monsurat Amasa, reminded all […]

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MMIA Customs Command Rakes In N20.9Bn In 2022

The Nigeria Customs Service’s (NCS’) Murtala Muhammed International Airport (MMIA) Lagos Command has reported that it generated N20.9 billion into the federation account in 2022 fiscal year, representing a marginal improvement over the N19 billion it generated as revenue in 2021 The spokesperson of the command, Mrs. Juliana Tomo, who gave these figures in a […]

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Onne Customs Command Reports N242Bn Revenue In 2022

The Nigeria Customs Service (NCS), Onne Area ll Command has reported that it generated N242 billion revenue in year 2022, up from the N188.7 billion it raked into Federation Accounts in the preceding year. The Customs Area Controller, Auwal Mohammed, who gave these figures in a statement issued at the weekend, linked the improved performance […]

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RMAFC Launches IT Solution To Enhance Revenue Allocation Formula

Nigeria’s Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced the roll out a proprietary software for the collection of data on the indices to be used for the Horizontal Revenue Allocation Formula in the country. The Chairman of the Commission, Mohammed Bello Shehu, disclosed this in Abuja while announcing the take-off of its maiden […]

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Apapa Customs Command Generates N1Trn Revenue In 2022

The Nigeria Customs Service (NCS), Apapa Command, has reported that it generates N1.02 trillion as revenue to the Federation Account in 2022 fiscal year, representing 16.07 percent improvement over the N870.38 million it generated in 2021. The Command’s Controller, Malanta Yusuf, who disclosed this in Lagos, attributed the improved performance of the Command to his […]

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FG To End Fuel Subsidy By June 2023, Budgets N3.36Trn For Regime

The Federal Government on Wednesday vowed to end the fiscal regime by the end of June this year. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who gave this hint during her public presentation on the breakdown of the 2023 Federal Government budget in Abuja, said that the government had made provisions […]

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Tax Clearance Certificate Now Available In ‘One Click’ – FIRS

The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution. The TaxPro Max, a tax administration solution introduced by the apex tax authority in June 2021 is a one-stop-shop for taxpayer registration, tax returns filing, tax payment, tax […]