FIRS – Outlook Nigeria

FIRS: Tinubu’s reforms boost revenue to ₦3.64trn, up 411%

admin / 3 months

2 min read

The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has attributed Nigeria’s record revenue growth to the fiscal reforms introduced by President Bola Tinubu’s administration. Adedeji disclosed that federal revenue rose to ₦3.64 trillion in September 2025, representing a 411 per cent increase from ₦711 billion recorded in May 2023. Speaking with […]

Tracking the Trillions: FIRS Launches War on Hidden Funds

admin / 5 months

2 min read

The Federal Inland Revenue Service (FIRS) has reaffirmed its commitment to curbing Illicit Financial Flows (IFFs) and enhancing Nigeria’s domestic revenue mobilisation. This was disclosed by the Executive Chairman of FIRS, Dr. Zacch Adedeji, in a statement issued by his Special Adviser on Media, Dare Adekanmbi. Adedeji noted that the agency had previously launched capacity-building […]

FIRS Advances E-Invoicing Project to Curb Tax Evasion

admin / 7 months

1 min read

As part of efforts to curb chronic tax evasion and revenue leakages, the Federal Inland Revenue Service (FIRS) has concluded a two-day stakeholder engagement on its National E-Invoicing Project. The event, held in Lagos, convened manufacturing sector stakeholders to deliberate on the initiative and offer sector-specific feedback ahead of its implementation. The Lagos engagement marks […]

Corruption: Judge Orders Forfeiture of FIRS Official’s Properties

admin / 8 months

3 min read

The Federal High Court in Abuja has ordered the final forfeiture of two properties linked to Aminu Garunbaba, a staff member of the Federal Inland Revenue Service (FIRS), to the Federal Government. The properties include a four-bedroom terrace maisonette with a boys’ quarters at Barumark Groove Estate, Plot 667, Cadastral Zone B03, Wuye District, Abuja, […]

FIRS Takes Binance to Court, Demands $79.5 Billion in Taxes and Penalties

admin / 10 months

4 min read

The Nigerian government, through the Federal Inland Revenue Service (FIRS), has filed a lawsuit against Binance Holdings Limited at the Federal High Court in Abuja, demanding $79,514,055,594.40 and N231 million for alleged economic losses caused by its operations in Nigeria. Additionally, the government is seeking $2,001,000,000 in unpaid income tax for 2022 and 2023. An […]

Tax Reform Sparks Tensions in Senate as Lawmakers Challenge Procedural Breach

admin / 1 year

2 min read

The Senate witnessed heated exchanges on Wednesday as lawmakers protested the entry of Federal Inland Revenue Service (FIRS) Chair Zacch Adedeji and consultants to discuss the controversial Tax Reform Bill. The Upper Chamber had suspended its rules to admit Adedeji and his team, sparking objections from senators who argued that the matter was not on […]

FIRS Updates VAT Filing Procedures on TaxPro-Max Platform

admin / 2 years
0
3 min read

The Federal Inland Revenue Service (FIRS) has recently released important updates regarding the implementation of input Value-Added Tax (VAT) filing procedures through its administration solution, TaxPro-Max. This system offers a range of features, including seamless registration, tax filing, payment processing, automatic withholding tax credit, and other credits to the taxpayer’s accounts. To clarify, input VAT […]

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FIRS: Tinubu’s reforms boost revenue to ₦3.64trn, up 411%

Tracking the Trillions: FIRS Launches War on Hidden Funds

FIRS Advances E-Invoicing Project to Curb Tax Evasion

Corruption: Judge Orders Forfeiture of FIRS Official’s Properties

FIRS Takes Binance to Court, Demands $79.5 Billion in Taxes and Penalties

Tax Reform Sparks Tensions in Senate as Lawmakers Challenge Procedural Breach

FIRS Updates VAT Filing Procedures on TaxPro-Max Platform