30 results
- 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…
- 13 Nov 2025
Banks Ask Customers to Link Accounts to NIN before 2026 to Prevent Restrictions
Commercial banks have asked customers to link their accounts to their national identification numbers (NINs) or tax identification numbers (tax IDs) ahead of the implementation of the new tax laws.…
- 11 Sept 2025
FG Says Tax ID, NIN Mandatory for Financial Transactions from January 2026
Nigeria Tax Administration Act, 2025 specifies that beginning from January 2026, Nigerians will be required to provide their full details — including National Identification Number (NIN), Tax…
- 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…
- 24 Dec 2025
FIRS Declares NIN, CAC Numbers as Tax IDs from 2026
Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will automatically serve as the Tax…
- 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,…
- 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…
- 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…
- 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…
- 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…
- 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…
- 31 Dec 2025
How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector
By Blaise Udunze Nigeria’s new tax identification portal goes live nationwide tomorrow, Monday, January 1, 2026, marking a pivotal moment in the country’s fiscal and financial governance. Designed to…
- 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…
- 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…
- 11 Jan 2021
FG Threatens Sanctions for Expatriate Policy Violation
The Special Ministerial Task Force on Monitoring and Enforcement of Nigerian Expatriate Business Permit and Expatriate Quota Administration has said the Federal Government will sanction any company…
- 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…
- 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.…
- 3 Oct 2025
Fiscal Policy and Tax Reforms Committee Clarify New Tax Reform Laws
The Presidential Fiscal Policy and Tax Reforms Committee has clarified some misconceptions surrounding Nigeria’s newly enacted tax reform laws. Speaking at engaged journalists, influencers, and…
- 1 Aug 2017
No Nigerian Passport without NIMC in 2018 -Presidency
Federal government has said that anybody that does not have identification number from the National Identification Management Commission (NIMC), from 1st January 2018 will not be issued with the…
- 10 Oct 2024
FIRS Launches USSD Code *829# for Taxpayers’ Satisfaction
Federal Inland Revenue Service (FIRS), has launched an Unstructured Supplementary Service Data (USSD) Code *829# specifically targeted at improving taxpayers’ satisfaction. This is in a bid to…
- 12 Apr 2010
FirstBank Issues FIRS eTax Card
FirstBank of Nigeria Plc has commenced issuance of Federal Inland Revenue Services’ e-Tax Card to help its customers meet their tax obligations with ease. The card introduced by the tax…
- 2 Feb 2020
Kaduna Unveils e-Tax Management Platform
Kaduna State Internal Revenue Service (KDIRS) has unveiled an e-Tax Management Platform to encourage voluntary tax compliance and ease payment process, known as e-tax management. Dr Zaid Abubakar,…
- 18 Jan 2026
Lebara Launches Agent Registration Portal
Lebara Nigeria has launched the Agent Registration Portal (ARP), a new digital onboarding platform designed to accelerate the expansion of its retail and point-of-sale (POS) network nationwide.…
- 18 May 2026
FG Says All Taxable Nigerian Must Obtain Taxpayer ID
Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has announced the implementation of a nationwide Taxpayer Identification (Tax ID) system, mandating all taxable…
- 2 Dec 2019
CBN’s Order to Banks on Loans May Weaken Balance Sheets – IMF
International Monetary Fund (IMF) has said the directive from the Central Bank of Nigeria (CBN) that deposit money banks should achieve a minimum loan-to-deposit ratio could weaken their balance…
- 31 May 2022
CBN Mandates OFIs to Enroll in Credit Risk System by August1
Central Bank of Nigeria (CBN) has said the provisions of the regulatory guidelines for the redesigned Credit Risk Management System (CRMS) for commercial, merchant and non-interest banks issued on…
- 21 Dec 2022
CBN Reviews Cash Withdrawal Limits for Corporates, Individuals
The Central Bank of Nigeria has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. The…
- 2 Sept 2019
Experts Okay Deposit Forfeiture for Loan Defaulters
The Central Bank of Nigeria (CBN) new policy regime mandating banks to go after customers who default on the repayment of their loans by seizing their deposits in other accounts is backed by law,…
- 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…
- 23 Feb 2024
CBN Raises BDC’s Share Capital to N2bn
Central Bank of Nigeria (CBN) has proposed two categories of Bureau De Change (BDC) licence- Tier 1 and Tier 2- that would see the minimum capital requirement of operators in the former and latter…