30 results
- 5 Sept 2025
FG Says Tax ID Mandatory for Banking, Allied Services from January Next Year
Federal government has made Tax Identification, (Tax ID) compulsory for people getting involved in banking and allied services in the country. Consequently, all taxable Nigerians are to obtain a…
- 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 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…
- 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…
- 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…
- 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…
- 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…
- 1 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…
- 19 Apr 2019
FG Can Tap $13Bn New Tax Revenue with Digital ID Programmes
Nigeria is seen generating $13 billion in additional tax revenue if she could digitalise her identification programmes. This is according to a new McKinsey Global Institute report, which…
- 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.…
- 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…
- 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…
- 10 Dec 2021
FG Slams 7.5 Per Cent VAT on Facebook Adverts from January 1, 2022
Facebook, social media giant, has said Nigerians will from January 1, 2022 pay 7.5 percent value-added tax (VAT) on all ad placements. The company which announced this in a statement, said the charge…
- 27 Aug 2014
President Jonathan to Launch National e-ID Card Tomorrow
President Goodluck Ebele Jonathan, will tomorrow launch the National Electronic Identity Card, a remarkable milestone in the National Identity Management System (NIMS) and a huge achievement in the…
- 28 Jan 2024
Oyedele Makes a U-Turn, Says FG Not Recruiting ‘Area Boys’ to Collect Taxes
Taiwo Oyedele, chairman, Presidential Committee on Fiscal Policy and Tax Reforms, has said the Federal Government is not recruiting ‘area boys’ to collect taxes. Taiwo Oyedele, chairman, Presidential…
- 17 Dec 2019
FIRS to Begin Crackdown on Tax Defaulters Today
Federal Inland Revenue Service (FIRS) says it will begin a nationwide tax enforcement exercise on tax defaulters today, Wednesday, December 18. FIRS In a statement released on Tuesday by Wahab…
- 9 Dec 2021
Nigerians to Pay 7.5% VAT on Facebook Ads from January 1
Facebook has announced that Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022. The charge will also apply to those buying ads for businesses or personal…
- 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…
- 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.…
- 22 Jan 2023
LIRS Reaffirms January 31 Deadline for Filing of Annual Tax Returns by Employers of Labour
Lagos State Internal Revenue Service (LIRS) has announced that January 31, 2023, remains the deadline for filing the annual tax returns by employers of labour. The LIRS Executive Chairman, Mr Ayodele…
- 18 May 2026
FG Unveils Free Tax Dispute Resolution Platforms for Nigerians
Federal Government on Monday unveiled digital platforms under the Office of the Tax Ombud, enabling Nigerian taxpayers to resolve tax-related disputes free of charge as part of efforts to improve…
- 30 Aug 2021
Kaduna IRS Seals 4 Banks’ Branches over N300.5m Tax Defaults
Kaduna State Internal Revenue Service (KADIRS) has sealed the head offices and other branches of four banks in over N300.5 million unpaid taxes. Gov. Nasir El Rufai Dr Zaid Abubakar, executive…
- 20 Mar 2025
FIRS Partners Flutterwave for Digital Payment Collection
Flutterwave, Africa’s leading payments technology company, is now enabling digital tax collections for the Federal Inland Revenue Service (FIRS), making it one of the few fintechs supporting the…
- 12 Apr 2026
Finance Minister Did not Admit Errors in New Tax Laws – PFPTRC
Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) has dismissed reports claiming that Taiwo Oyedele, minister of State for Finance, admitted errors in Nigeria’s new tax laws. Taiwo…
- 31 Dec 2025
Banks to Impose N50 Stamp Duty on Transfers of N10,000 and Above from January 1
Commercial banks in Nigeria will begin charging a N50 stamp duty on electronic transfers of N10,000 and above starting January 1, 2026, in line with the newly enacted Tax Act. CBN The Electronic…
- 23 Jun 2021
McAfee Founder Dies by Suicide in Spanish Jail
John McAfee, pioneer of antivirus software and founder of McAfee, was found dead in his jail cell in Spain on Wednesday, a prison official said, shortly after a court-approved his extradition to the…
- 16 Sept 2021
FG Says Globacom to Reconstruct Ota-Idiroko Road under Tax Credit Scheme
Babatunde Fashola, minister of works and housing, has said that Globacom Limited will construct the 64 km Ota-Idiroko road in Ogun state by 2022 under the federal government’s tax credit scheme. Mike…
- 25 Sept 2023
Telcos Appeal to Tinubu as States Threaten to Seal Cell Sites over Taxes
Association of Licensed Telecoms Operators of Nigeria (ALTON) has appealed to President Bola Tinubu to urgently intervene as state governments have sealed or threatened to shut base station…
- 25 Apr 2024
MTN and its FY2023 Financial Results Abracadabra
By Abdullahi Taminu Bida MTN Nigeria Communications Plc (MTN Nigeria), the leading telecommunication service provider in the country, on Thursday, 29 February, 2024, submitted its full-year audited…
- 21 Dec 2025
SERAP Asks Tinubu to Release CTC of Tax Bill
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “urgently direct Mr Lateef Fagbemi, SAN, the Attorney General of the Federation and Minister of Justice to…