The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have strengthened their partnership aimed at boosting revenue collection for the Federation. The decision was taken on Monday, when the new NUPRC Chief Executive, Oritsemeyiwa Eyesan, visited the NRS Chairman, Zacc Adedeji, at the corporate headquarters of the tax agency in Abuja. …
The Nigeria Customs Service (NCS) has commenced the implementation of a new Standard Operating Procedure (SOP) to regulate courier companies operating under the Delivered Duty Paid (DDP) Incoterm, as part of efforts to strengthen compliance, enhance revenue collection, and align operations with global best practices. The new framework provides a unified process for registration, manifest …
Beginning January 1, 2026, Nigerians and foreign residents will no longer be able to open or operate a bank account without a Tax Identification Number (Tax ID), following the enactment of the Nigeria Tax Administration Act, 2025, recently signed into law by President Bola Tinubu. The new Act is part of government efforts to expand …
The Nigeria Customs Service (NCS) promoted 3,312 officers and appointed four Deputy Comptroller-Generals (DCGs) along with twelve Assistant Comptroller-Generals (ACGs). The decisions came during the 63rd regular meeting of the NCS Board (NCSB) on September 2, 2025, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. The newly appointed …
