FIRS

Afriland reacts after Towers Fire Incident in Lagos

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Afriland Properties Plc has confirmed that Afriland Towers, recently hit by a devastating fire, is fully insured. The company stated it is reviewing insurance details and awaiting official reports to determine compensation and guide rebuilding efforts. The September 16, 2025 blaze at Afriland Towers on Broad Street, Lagos, claimed 10 lives and caused major disruption. … Read more

Tragedy in Lagos: 4 FIRS, 6 UCAP Staff Die in Afriland Fire

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Ten employees of the Federal Inland Revenue Service (FIRS) and United Capital Plc have died in a devastating fire outbreak at Afriland Towers on Broad Street, Lagos, on Tuesday. Afriland Towers is a high-rise office complex that accommodates FIRS, United Capital Plc (UCAP), a United Bank of Africa (UBA) branch, and other financial institutions. The … Read more

Tax Reform Bills set for passage as Senate, FIRS clear major hurdles

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The Senate is preparing to approve tax reform legislation after major stakeholders came to an agreement on previously debated topics. Despite strong opposition, particularly from the North, the voices against the bills persist in their stance. Chair of the Senate’s ad hoc Committee on Tax Reform, Senator Abba Moro, disclosed, yesterday that public hearings on … Read more

New bill Mandates Nigerians to present Tax ID before Opening Bank Accounts

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A new bill proposed has required Nigerians engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number serving as precondition for opening a new account or operating an existing one. According to the bill, titled “A Bill for an Act to Provide for the Assessment, Collection of, and Accounting for … Read more

FIRS replies CAN Over Alleged Controversial Easter Message

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The Easter message in question, shared on the agency’s X social media platform, stated, “Jesus paid your debts, not your taxes,” generated widespread criticism for seemingly trivializing the Christian faith. The controversy prompted CAN to demand a public apology, highlighting that the message was in poor taste and offensive to Christian doctrines. The FIRS’s response … Read more

Tinubu Appoints Special Investigator to Probe Central Bank of Nigeria and Key Government Business Entities

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President Bola Tinubu has appointed Jim Osayande Obazee as a Special Investigator to carry out an investigation into the Central Bank of Nigeria (CBN) and related entities. The appointment comes as part of the administration’s commitment to fighting corruption in the country. Entities Under Investigation The investigation will cover not only the CBN but also … Read more

FG Announces Plans to Collect VAT from Market Traders, Informal Sector

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The Federal Government, has unveiled plans to collect Taxes from Traders through the Federal Inland Revenue Service (FIRS) The FIRS has announced plans to collect Value Added Taxes from the informal sector through the VAT Direct Initiative. IDeemlawful reports that the FIRS announced its collaboration with the Market Traders Association of Nigeria (MATAN) to collect … Read more

BREAKING: Tinubu sacks military chiefs, IGP, Customs boss, FIRS, Announces replacements [Full List]

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President Bola Tinubu has ordered the immediate retirement of all Nigeria’s military chiefs and named replacements for them. The President also relieved the head of Customs, Hameed Ali, of his position and named a replacement. According to a statement by his office, the president also named a former anti-corruption chief, Nuhu Ribadu, as his National … Read more