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FIRS Collects N1.123trn Revenue In First Quarter

(AFRRICAN EXAMINER) – The Federal Inland Revenue Service (FIRS) says it has collected N1.123 trillion revenue in the First Quarter (Q1) of 2020. The FIRS made this known in a statement issued by Mr Abdullahi Ismaila, Director, Communications and Liaison Department of the service in Abuja on Thursday. He said the service recorded seven per […]

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FG Exempts Firms With Below N25m Turnover From Paying Tax

(AFRICAN EXAMINER) – The Federal Government (FG) has announced that small businesses with turnover less than N25m will be exempted from paying Companies Income Tax (CIT). Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed while disclosing this Monday explained that the policy would be effective once the Finance Bill 2019, is signed into law. Contrary […]

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NIPOST Workers Protest Against New Stamp Duty Collection Policy

(AFRICAN EXAMINER) – The Nigeria Postal Service (NIPOST) workers Thursday staged a peaceful protest at the headquarters of the Ministry of Finance to kick against the Federal Government (FG) plan to relinquish stamp duty collections to the Federal Inland Revenue Service (FIRS). The protest was led by the leadership of the Senior Staff Association of Statutory Corporations […]

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Senate Confirms Appointment of New FIRS Board, AMCON Boss

Senate Confirms Appointment of New FIRS Board, AMCON Boss (AFRICAN EXAMINER) – The Senate has confirmed the appointment of members the newly reconstituted board of the Federal Inland Revenue Service (FIRS). The confirmation which happened after seven years of its dissolution followed the consideration and approval of the report of the Senate Committee on Finance, which […]

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FIRS Staff Threaten Showdown As Fowler Handover to ‘Personal Aide’

(AFRICAN EXAMINER) – The Joint Union Council of the Federal Inland Revenue Services (FIRS) has criticized decision by the immediate past Chairman of the tax agency, Mr Babatunde Fowler to hand over to a Director, Mr. Abiodun Aina. The body made this known Tuesday at the end of its emergency meeting held at the Association of Civil […]

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Buhari Asks Senate to Confirm Nami, Adamu as FIRS, AMCON Chairmen

(AFRICAN EXAMINER) – The Senate on Tuesday received a request from President Muhammadu Buhari for confirmation of Muhammad Nami as Executive Chairman of the Federal Inland Revenue Service (FIRS). The request, which was contained in a letter dated Dec. 9, was read at plenary by President of the Senate, Ahmad Lawan. The letter reads: “Pursuant […]

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BREAKING: Buhari Dumps Embattled Fowler, Okays New FIRS Chairman

(AFRICAN EXAMINER) – President Muhammadu Buhari has approved the appointment of Muhammad Nami, a tax consultant, as the new chairman of the Federal Inland Revenue Service (FIRS). Mr Babatunde Fowler, whose tenure expired today (Monday) was unable to secure a second term in office despite moves to get the President’s nod, instead, he was asked […]

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