News

FIRS asked court to dismiss 2 Oil Firms’ suit seeking 5 years tax reliefs

Ihesiulo Grace 7 December 2017 0

The Federal Inland Revenue Service (FIRS) has asked the Federal High Court in Abuja to dismiss the suit filed by two oil companies, Midwestern Oil and Gas Company Ltd, and Suntrust Oil Company Nigeria Ltd seeking to review decision on three years tax relief granted them. The two oil firms had

Business

CBN, FIRS, stakeholders meet to marshal blueprint on FSS 2020

Ihesiulo Grace 4 December 2017 0

The Central Bank of Nigeria (CBN) and other agencies involved in the implementation of the Financial System Strategy (FSS 2020), will converge on Lagos this week to mark ten years of strategising to bring into existence the Financial System Strategy 2020. The objective of the event, which is billed for the Radisson Blu Hotel, Victoria […]

Business

Revenue target: FIRS rakes N3.2trn in 10 months – Fowler

Ihesiulo Grace 28 November 2017 0

The Executive Chairman of Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has said that the revenue agency has achieved 79.35 per cent of its collection target for 2017, represented total generated amount of N3.233 trillion in 10 months. The revenue collector boss, disclosed this on yesterday at interactive session for review of 2018–2020 Medium […]

Business Economy Politics

FIRS compounds miserable week for Atiku’s INTELS

Ihesiulo Grace 17 October 2017 0

For sure, it has not been a 7 days to remember for Integrated Logistics Services (Intels), the services company owned by former Vice-President Atiku Abubakar. Last week, without any warning, the Nigerian Port Authority (NPA) terminated the lucrative pilotage arrangement that it had with the company. Although the company has come out to say it […]

Business

Ogun faults data by finance ministry, FIRS, others on VAT

Ihesiulo Grace 21 September 2017 0

Ogun State Governor, Senator Ibikunle Amosun, has described data presented by the Federal Ministry of Finance, Federal Bureau of Statistics (FBS) and the Federal Inland Revenue Service (FIRS), as regards the contributions of the state to the Value Added Tax (VAT) as a misrepresentation. He said the claim that Lagos State contributes more than Ogun […]

Business News

FIRS rakes in N2.5trn in 8 months

Ihesiulo Grace 19 September 2017 0

.Corruption, biggest challenge in Nigeria -Magu The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Tunde Fowler, has disclosed that the agency’s innovative strategies, with focus on non-oil sources has enabled the Federal Government to rake in N2.5trillion between January and August, 2017, “despite the harsh economic climate.” Fowler made

Economy

FG sets to employ 7,500 graduates, 5,000 non-graduates

Ihesiulo Grace 15 September 2017 0

Nigeria’s Federal Government has disclosed its plans to recruit 7,500 graduates as Community Tax Liaison Officers across the country. Kemi Adeosun, country’s Minister of Finance alongside Babatunde Fowler, the Chairman, Federal Inland Revenue Service, FIRS who made this known during a press conference in Abuja.The government explained that the recruits will

Economy Money News Nigeria

Nigeria signs major multilateral agreements with OECD

Ihesiulo Grace 18 August 2017 0

Tunde Fowler, Executive Chairman of the Federal Inland Revenue Service of Nigeria, Thursday, August 17, signed two major multilateral agreements at the Organisation for Economic Co-operation and Development (OECD). The agreement; Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) and the CRS Multilateral

Business Economy News Nigeria Top Stories

No hiding place for tax defaulters as states, FIRS, Joint Tax Board reach agreement

Ihesiulo Grace 15 August 2017 0

High net worth individuals who have been avoiding tax will find it harder to hide as the Federal Inland Revenue Service (FIRS) and Joint Tax Board will start sharing data. This means that people who have been dodging taxes will have no place to hide as their names will have to be in either one […]

News Nigeria Top Stories

Customs Backtracks, says Nigerians were misinformed of its policy

Ihesiulo Grace 15 March 2017 0

The Nigerian Customs Service, under public fire over its new policy on vehicle duties has explained what it is all about. Mr Joseph Attah, its acting public relations officer said the service has no plan to set up checkpoints in streets, cities and markets to seize old vehicles without customs duty. Attah said Nigerians were […]

News

FIRS to support Nigerians in Diaspora willing to invest in Nigeria -Fowler

Ihesiulo Grace 21 December 2016 0

The Federal Inland Revenue Services (FIRS) says it will provide the required information, guide and answer the questions on tax matters of Nigerians in the Diaspora interested in investing in the country. The Acting Chairman of FIRS, Mr. Babatunde Fowler, said this while receiving the Senior Special Assistant to President Muhammadu Buhari on Foreign Affairs and Diaspora,

Labour

Unemployment: The winding path to FG’s one million jobs target

Ihesiulo Grace 15 November 2016 0

It is an issue of serious concern that in Nigeria so far, economic policies have not translated into commensurate and improved social outcomes, especially for the over 60 million young people who make up majority of the population.  Joy Ekeke writes.   Africa is regarded as the most ‘youthful’ continent in the world. According to […]