The Corporate Affairs Commission (CAC) has announced a scheduled review of its service fees, with the updated charges set to take effect from August 1, 2025. In a public notice released on Tuesday, the Commission stated that the review comes after a thorough assessment of current economic conditions, increasing operational expenses, and consultations with key […]

In a bid to support taxpayers ahead of the June 30 Companies Income Tax (CIT) filing deadline, the Federal Inland Revenue Service (FIRS) has announced the extension of tax office operations to weekends throughout the month of June. The directive, issued by FIRS Executive Chairman, Mr. Zacch Adedeji, was conveyed through a statement by his

The Lagos State Government has restated its dedication to implementing effective and transparent tax practices, as part of broader efforts by Nigerian states to increase internally generated revenue for infrastructural growth. This reaffirmation came from the Governor of Lagos State, Mr. Babajide Sanwo-Olu, during the investiture ceremony of Mr. Innocent Ohagwa as the 17th President

The Institute of Chartered Accountants of Nigeria (ICAN), through its Obio/Akpor and District Society, has concluded plans to provide tailored professional services to Ikwerre Local Government Area of Rivers State. This development follows a strategic meeting held on Wednesday, June 18, 2025, at the headquarters of the Ikwerre LGA, during a courtesy visit by the

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Development expert, Michael Ale, has emphasized the need for Nigerians to prioritize tax compliance as a vital solution to the country’s persistent challenges, including underdeveloped social infrastructure, economic stagnation, and lack of meaningful development. In a Democracy Day statement released to journalists in Ado-Ekiti on Thursday, Ale urged citizens to recognize the importance of paying

The Federal Inland Revenue Service (FIRS) has introduced a new standardized tax Standard Operating Procedure (SOP), aimed at enhancing clarity, consistency, and transparency in Nigeria’s tax administration. This initiative forms part of a wider national tax reform agenda designed to streamline operations and improve public trust in the revenue system. Covering more than 300 FIRS

The federal government is poised to forfeit $10 million from a $103 million World Bank loan under the Fiscal Governance and Institutions Project (FGIP), following inadequate audits, missed deadlines, and unmet reform targets. Although there have been some improvements in revenue generation and data transparency, key milestones remain unachieved as the June 30 deadline approaches.

The Federal Inland Revenue Service (FIRS) has launched a National Intelligence Gathering System designed to collect data and identify tax evaders and defaulters across Nigeria. This development was announced by Mr. Abdullahi Ismaila, Director of Communications and Liaison at FIRS, in a statement issued Wednesday in Abuja. According to Ismaila, the Executive Chairman of FIRS,

In a strategic move aimed at enhancing revenue generation and strengthening tax administration, the Executive Governor of Imo State, His Excellency, Distinguished Senator Hope Uzodimma, has secured a landmark collaboration between the Federal Inland Revenue Service (FIRS) and the Imo State Government through the Imo State Internal Revenue Service (IIRS). This collaboration will see both