30 results
- 14 Sept 2025
No Plan to Block Bank Accounts Without TIN- FIRS
Federal Inland Revenue Service (FIRS), has debunked claims that Nigerians must obtain a separate Tax Identification Number (TIN), before they can own or operate a bank account. The Service…
- 8 Dec 2021
Finance Bill Seeks Mandatory TIN to Operate Bank Accounts in Nigeria
The Finance Bill 2021, which is currently being considered by the senate, has made it mandatory for banks to demand the Tax Identification Numbers (TIN) from their customers. The Senate, on…
- 6 Jan 2014
Tin Can Island Port Reports 16.35% Revenue Increase in 2013
The Tin Can Island Port Command of Nigeria Customs Services (NCS) on Monday said that it realised N240.16 billion revenue in 2013. Mr Chris Osunkwo, public relation officer of the command, said the…
- 23 Dec 2025
Oyedele Dismisses Claims Bank Accounts Without TIN Will Be Frozen
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has dismissed reports that bank accounts not linked to a Tax Identification Number (TIN) will be frozen or…
- 16 Jun 2026
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List
World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026. The…
- 15 Dec 2025
Tax Reform or Financial Exclusion? The Trouble with Mandatory TINs
By Blaise Udunze It is not only questionable but an aberration that a nation where over 38million Nigerians remain financially excluded, where trust in institutions is fragile, and where citizens are…
- 23 Dec 2019
Anxiety over FG’s Threat to Block Accounts without TIN
There is palpable fear across the social and economic strata of Nigeria as the countdown to the January 2 date set by the Federal Government for all Nigerians to ensure their bank accounts have their…
- 30 Aug 2019
CBN Says No Credit to Firms, Individuals Without TIN, BVN
Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number and individuals not having Bank Verification Number (BVN). This was…
- 16 Sept 2025
FG’s New Tax ID Could Frustrate Financial Inclusion Efforts- Omoyele
Dr Daramola Omoyele, an economist and data analyst has warned that the introduction of a Tax Identification Number (TIN) under Nigeria’s new taxation legislation could compromise efforts towards…
- 17 Sept 2014
PTML Wants New Duty Regime on Vehicles Reviewed
Management of the Ports & Terminal Multi-services Limited (PTML), Tin Can Island Ports Lagos, has decried the new duty regime on vehicles introduced by the Federal Government under the…
- 11 Oct 2024
New Bill Proposes Tax ID Requirement for Bank Account Opening
A new legislative proposal is set to mandates individuals involved in banking, insurance, stock-broking, or other financial services must provide a Tax Identification Number (TIN) before opening a…
- 2 Jan 2024
2024 Nigeria’s Blue Economy Outlook & Potentials
By Moses Braimah The 2024 budget for the Federal Ministry of Marine and Blue Economy focuses on key areas such as ports infrastructural development, modernization of Apapa and Tin Can ports,…
- 23 Dec 2025
FIRS says NIN, CAC Numbers to Serve as Tax IDs from 2026
The Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) will automatically serve as the Tax Identification Number (TIN) for individual Nigerians…
- 1 Dec 2025
Tax ID Numbers tot Required for Strictly Personal Bank Accounts
Tax Identification Numbers (TINs) are not required for strictly personal bank accounts under Nigeria’s new tax reforms; they become mandatory only if the account is used for business transactions,…
- 19 May 2014
NCS Commences new Vehicle Import Tarrif
The Tin-Can Command of the Nigerian Customs Service says it has started implementing the 35 per cent duty on imported vehicles as directed by the Federal Government. In a statement signed by…
- 21 Nov 2012
NPA Charges FG to Provide CCTVs at TCIPC
Nigeria Ports Authority (NPA) has highlighted the need for the provision of Close Circuit Television (CCTV) in the common user areas Tin Can Island Port Complex (TCIPC) to help curb the activities of…
- 24 May 2017
Unease Calm as Customs Intercepts Fresh 440 Rifles at Lagos Port
On the wake of rumoured plot for military coup in the country, the Tin Can Island Command of the Nigeria Customs Service, has intercepted a total 440 pieces of pump action rifles imported from…
- 29 Jun 2020
CAC to Issue Certificates of Incorporation with Tax Numbers
Corporate Affairs Commission (CAC) has said that certificates of registration of business and non-business entities will be issued with Tax Identification Numbers, otherwise TIN. The Commission in a…
- 11 Jul 2019
Lagos to Start Using BVN to Collect Taxes
Lagos State Internal Revenue Service (LIRS) has declared its readiness to integrate the existing Taxpayers Identification Digit (PID) into the nationwide Tax Identification Number (TIN) system with…
- 10 Sept 2018
FIRS Targets Accounts of Billionaires Tax Defaulters
The Federal Inland Revenue Service (FIRS), will soon go after the bank accounts of some 6772 billionaires not currently paying taxes, according to Tunde Fowler, chairman, FIRS. Fowler said…
- 21 May 2013
Taxation Body Advances e-Pin Code Panacea
The Nigerian Joint Tax Board (JTB) has advocated for an obligatory enforcement of a nationwide issuance of a national universal electronic tax pin code, otherwise called the Taxpayer Identification…
- 3 Dec 2019
Bank Customers to Start Presenting Evidence of Tax Payment from January
Should the Financial bill passed by the National Assembly be assented by the President of Nigeria, evidence of tax payment will be a condition for operating a commercial bank account from January.…
- 2 Jul 2019
FG Launches New Tax ID, Widens Dragnet
Federal Government has directed the Central Bank of Nigeria (CBN), Nigeria InterBank Settlement System (NIBBS), the National Identity Management Commission (NIMC), to cooperate with the Joint Tax…
- 1 Jun 2009
FIRS Flags off Online Tax Payment Scheme
Nigeria last week achieved a historical milestone with the activation of the online payment of taxes, using Federal Inland Revenue Service, portal, FIRS Online. The development signaled the the birth…
- 14 Jul 2017
Customs Warns Fraudsters to Stay Off eAuction Platform
Nigeria Customs Services (NCS) is warning fraudulent bidders involved in making unrealistic bids to stay off its e-auction platform or risk prosecution. Mr Joseph Attah, Customs Public Relations…
- 16 Feb 2019
FIRS Lifts Ban on Bank Accounts of Tax Defaulters
Federal Inland Revenue Service (FIRS) has written to banks, directing them to lift the lien on tax defaulters’ bank accounts for 30 days. The directive, which takes immediate effect, was…
- 25 Sept 2018
FIRS to Freeze 6,772 Corporate Bank Accounts over Tax Default
Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), said that 6,772 corporate bank accounts will be frozen for defaulting on tax payments. Fowler told Zainab…
- 23 Jan 2014
Copyright Body Confiscates 40,080 Pirated Books
The Nigeria Copyright Commission (NCC) in collaboration with the Nigerian Customs Services (NCS) and other sister agencies recently intercepted a 1x20ft Shipping Container loaded with suspected…
- 13 Apr 2021
CBN Asks Banks to Get on Its Central Credit Management Platform
Central Bank of Nigeria (CBN) has mandated all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs) and finance companies (FCs) operating in the country…
- 14 Oct 2021
Sparkle Raises $3.1M Seed Round
Sparkle, a mobile-first digital bank that provides financial, lifestyle and business support services to Nigerians across the globe, has raised an oversubscribed seed round of $3.1m from an…