President Bola Ahmed Tinubu has commissioned the Corporate Headquarters of the Nigeria Revenue Service (NRS) in Abuja, marking a defining moment in the Federal Government’s push to overhaul the country’s revenue generation system. The high-profile ceremony brought together top political leaders, including Senate President Godswill Akpabio, Deputy Senate President Jibrin Barau, Speaker of the House …
A fire broke out at a Federal Inland Revenue Service (FIRS) office in Abuja on the morning of Saturday, December 20, 2025. This was confirmed in a statement released by the agency on Saturday. According to the statement, the incident occurred at the FIRS office located at No. 15 Sokode Crescent, Wuse Zone 5. It …
In a sweeping structural reform, Nigeria has effectively abolished its standalone 10% Capital Gains Tax (CGT) and integrated the gains into its new income tax regime, a move that has triggered widespread debate over its potential to stifle investment or modernize tax fairness. Under the newly signed Nigeria Tax Act, 2025, capital gains for individuals …
The Manufacturers Association of Nigeria (MAN) has raised significant concerns over the potential introduction of a tax stamp system for excisable goods, warning that such a move could undermine the government’s recent tax reforms and place an additional financial burden on local industries. While the association acknowledges the government's efforts to modernise tax administration through …
