Following a controversial Easter message posted on social media, the Federal Inland Revenue Service (FIRS) has issued an apology to the Christian community in Nigeria. The message, featuring a Point of Sale (PoS) machine with the caption "Jesus paid your debt, not your taxes," sparked outrage...
The Corporate Affairs Commission (CAC) has called on social media content creators, particularly those with large followings on platforms like Instagram and TikTok, to register their businesses with the commission by the Company and Allied Matters Act 2020. This move comes amidst rumored plans...
The Federal Inland Revenue Service (FIRS) clarified that it currently has no intentions to tax online content creators, particularly emphasizing that skit makers fall outside the purview of the FIRS. A staff member, speaking anonymously, explained that the FIRS primarily deals with Company...
In a bold move to revamp Nigeria's tax system, the Federal Government, under President Bola Tinubu's leadership, is embarking on an ambitious tax reform initiative. The primary objective is to shift a larger share of the tax burden onto the country's wealthier citizens while concurrently...
Muhammad Nami, the former chairman of the Federal Inland Revenue Service (FIRS), approved payments totaling billions of Naira to various contractors and consultants just two days after his abrupt removal from the position, according to documents obtained by TheCable. Nami's successor, Zacchaeus...
The Central Bank of Nigeria (CBN) incurred approximately ₦74.84 billion in expenses during 2022 due to the naira redesign policy and other currency-related matters. These expenses encompassed the printing, processing, distribution, and disposal of currency notes, including factors like raw...
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