Category: Tax enforcement

Public Outrage as FG Slaps 7.5% VAT on Mobile Bank Transfers, USSD Payments from January 19

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Public Outrage as FG Slaps 7.5% VAT on Mobile Bank Transfers, USSD Payments from January 19

Public anger is mounting across Nigeria following confirmation that a 7.5 per cent Value Added Tax (VAT) will be imposed on mobile bank transfers and USSD transactions starting January 19, 2026, a move many Nigerians say will deepen the cost-of-living crisis and punish the poor who rely heavily on digital banking for daily survival. The…

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Tax enforcement, Taxation and Tax Laws

FIRS Confirms NIN as Tax ID for Nigerians, CAC Number Becomes Official Tax Identifier for Businesses

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FIRS Confirms NIN as Tax ID for Nigerians, CAC Number Becomes Official Tax Identifier for Businesses

The Federal Inland Revenue Service (FIRS) has confirmed a major reform in Nigeria’s tax administration system, announcing that the National Identification Number (NIN) will serve as the official Tax Identification Number for individual Nigerians, while the Corporate Affairs Commission (CAC) registration number will become the recognized tax identifier for businesses. The clarification follows growing public…

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Finance and Economy, Tax enforcement, Taxation and Tax Laws

FIRS Rakes in ₦22.59 Trillion in 2025, Hits Record ₦47.39 Trillion in Two Years Amid Sweeping Tax Reforms

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FIRS Rakes in ₦22.59 Trillion in 2025, Hits Record ₦47.39 Trillion in Two Years Amid Sweeping Tax Reforms

The Federal Inland Revenue Service (FIRS) has achieved another historic milestone, collecting a massive ₦22.59 trillion in tax revenue within the first nine months of 2025 and an impressive ₦47.39 trillion over the last two years. The development marks a significant leap in Nigeria’s domestic revenue generation drive, reflecting the impact of far-reaching fiscal and…

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Finance and Economy, Tax enforcement, Taxation and Tax Laws

BREAKING: Abuja Area Council Seals Homes over Unpaid Tenement Rates, Residents Locked Out

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BREAKING: Abuja Area Council Seals Homes over Unpaid Tenement Rates, Residents Locked Out

In a controversial enforcement move, the Abuja Municipal Area Council (AMAC) has reportedly commenced the sealing and locking of residential buildings belonging to Abuja residents for alleged non-payment of tenement rates and related levies. The action has sparked outrage among affected homeowners and tenants, some of whom were temporarily denied access to their properties. Early…

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Tax enforcement, Taxation and Tax Laws