Flutterwave, Africa’s leading payments technology company, is now powering digital tax collections for the Federal Inland Revenue Service (FIRS), positioning itself as one of the few fintechs supporting the government in the modernization of tax payments. This collaboration allows the FIRS to utilize Flutterwave’s secure and efficient payment infrastructure to collect taxes, levies, and other […]

Flutterwave Empowers Digital Tax Payments for Nigeria’s Federal Inland Revenue Service Payments technology company, Flutterwave, has begun enabling digital tax collections for Nigeria’s Federal Inland Revenue Service (FIRS), positioning itself as one of the few fintech companies aiding the government in modernizing tax payment systems. This collaboration allows the FIRS to utilize Flutterwave’s robust and

Nigeria’s commercial hub, Lagos, is setting an ambitious target to reach a $1 trillion economy by 2052. With over 20 million residents, this city-state has long been a key driver of the nation’s economic engine, contributing significantly to Nigeria’s Gross Domestic Product (GDP). Under the leadership of Governor Babajide Sanwo-Olu, Lagos is positioning itself for

Nigeria’s Tax Reform: A Lifeline or Another Economic Misstep? The Nigerian House of Representatives has recently passed four major tax reform bills, signaling a potential shift in the country’s revenue system. While the government presents these reforms as crucial for economic stability and long-term growth, the amendments introduced by the House have sparked debate over

The Heavy Duty and Haulage Transport Association of Nigeria (HDHTAN), Abia State chapter, has urged the state Board of Internal Revenue to fully comply with federal government directives, which require that tax collectors be kept off federal roads and only operate at designated loading and offloading points. The association remarked, “The federal government has issued

The House of Representatives has approved a new formula for distributing Value Added Tax (VAT) revenue, with 55% allocated to states and 35% to local government councils. This move follows the adoption of a report from the Committee on Finance, which reviewed four tax-related bills presented by President Bola Tinubu in October 2024. The report,

A property development firm, Nextdora Nigeria Limited, has approached the Federal High Court in Abuja, seeking to nullify the registration of an identical company by the Corporate Affairs Commission (CAC). The firm, registered under the name Nextdora Nigeria Limited (Registration Number: 564478), filed a lawsuit against the CAC, Nextdora Nigeria Limited (RC No: 1190723), and

The Kogi State Government has reaffirmed its commitment to sustainable development through strategic revenue reforms and significant healthcare investments aimed at improving public services and infrastructure. At the launch of the Land Use Charge Law 2024 implementation, Alhaji Salihu Enehe, the Executive Chairman of the Kogi State Internal Revenue Service (KGIRS), highlighted that taxation is

Considering the extensive efforts invested in developing the solution system, Koleosho stated that the FIRS does not anticipate any significant challenges during the implementation of the initiative. As part of its ongoing efforts to raise awareness about its e-invoicing initiative, the Federal Inland Revenue Service (FIRS) advanced discussions with tax consultants for large taxpayers in

The recently concluded public hearing on the proposed tax reform bills has sparked debates among stakeholders. These include associations, agencies, experts, and government officials, all discussing the bills’ potential to create a more efficient tax system. On Oct. 3, 2024, President Bola Tinubu submitted four tax reform bills to the National Assembly. These bills aim