Tinubu Pays Tribute to Late Educationist Leila Fowler The President described her passing as a significant loss to her family, the education sector, and the nation Says the founding of Vivian Fowler Memorial College for Girls laid the groundwork for academic excellence President Bola Ahmed Tinubu has expressed profound sadness over the death of Leila … Read more
PoS operators in Nigeria raised fees due to a new ₦50 levy. The ₦50 levy applies to transactions of ₦10,000 or more. The charge affects both fintech platforms and bank-affiliated PoS agents. Point-of-Sale (PoS) operators across Nigeria have increased their withdrawal fees, now charging between ₦150 and ₦200 for every ₦5,000 transaction, up from ₦100 … Read more
Taiwo Oyedele, Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, has firmly rejected any plans to engage Alpha-Beta Consulting or other external consultants for tax collection. EKO HOT BLOG reports that speaking at a town hall meeting hosted by Channels Television on Monday, Oyedele addressed concerns regarding the use of external consultants … Read more
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has explained the reasoning behind the proposal to rename the Federal Inland Revenue Service (FIRS) to the Nigeria Revenue Service (NRS). EKO HOT BLOG reports that the name change is part of the Nigeria Revenue Service Establishment Bill, currently before the National … Read more
Disagreements emerged among National Assembly members on Monday over President Bola Tinubu’s requests for foreign loans, despite significant revenue surpluses reported by federal agencies for the 2024 fiscal year. The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, revealed during an interactive session with the National Assembly’s joint Committees on Finance, Budget, and … Read more
Nigerias tax reform is underway with four Executive Bills currently before the National Assembly. These bills are the ‘Nigeria Tax Bill’, which replaces existing tax law with a modern framework; the ‘Nigeria Tax Administration Act Amendment Bill, which seeks to strengthen the enforcement powers of the Federal Inland Revenue Service (FIRS); the Nigeria Revenue … Read more
Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), has refuted claims that the federal government intends to impose new taxes or increase existing tax rates for Nigerians. During a session with the Senate Committee on Finance, chaired by Senator Mohammed Sani Musa, Adedeji clarified that the tax reform bills submitted to … Read more
To enhance the ease of doing business, the Federal Inland Revenue Service (FIRS) launched an Unstructured Supplementary Service Data (USSD) Code, *829#, on Wednesday. The code aims to improve taxpayer satisfaction. FIRS Chairman Zacch Adedeji introduced the code at the Revenue House in Abuja as part of this year’s Customer Service Week, themed “Above and … Read more
The Federal Inland Revenue Service (FIRS) has revealed plans to introduce an e-invoicing platform aimed at improving Nigeria’s tax administration system. The digital platform, called FIRS e-Invoice, is designed to streamline invoice processing in compliance with the Tax Administration and Enforcement Act of 2007. FIRS Executive Chairman, Zacchaeus Adedeji, announced this during a stakeholders’ engagement … Read more
Assuming no unforeseen circumstances, Dangote Refinery is expected to make its first delivery of refined premium motor spirit, pms, to the Nigerian market by September 2024. The Federal Government has also announced that sales of crude oil to Dangote and other local refineries will begin on October 1, 2024. To address concerns about pump prices … Read more
The Senate Committee on Public Accounts lambasted the management of the Nigerian National Petroleum Company Limited, NNPCL, and other agencies over their persistent refusal to respond to queries raised against them in the 2019 Audit report. Chairman of the committee, Sen. Ahmed Wadada (SDP-Nasarawa West), who made this known while speaking to newsmen in Abuja, … Read more
We are in a time of pronounced change of thinking in a positive direction in Nigeria after decades of misadventures. To support this change, we must focus on the key policies and drivers of reform in order to assist them in their endeavours. EDITOR’S PICKS ‘Death’ Of Olu Jacob Trends On Social Media Borno: Police … Read more
Eko Hot Blog reports that an employee of the Federal Inland Revenue Service (FIRS) has been tragically killed in Maitama, Abuja. It was gathered that the victim, Khalid Bichi, was murdered by some unknown gunmen on Friday night. According to the PUNCH, Bichi was shot multiple times by unknown gunmen just before 9 pm. He … Read more
Eko Hot Blog reports that President Bola Tinubu on Tuesday launched the National Single Window initiative, a transformative project that will propel the nation’s economy to new heights. The National Single Window simplifies government trade compliance through a digital platform. According to a statement from the presidency, the initiative will modernise the way trade is … Read more
FIRS recently posted an Easter message on social media, saying Jesus paid debts, not taxes. Although the service quickly deleted the post, the action spurred criticisms. CAN demanded an apology from FIRS. Eko Hot Blog reports that the Federal Inland Revenue Service (FIRS) has apologised to Christians over its Easter message that many considered as … Read more
Eko Hot Blog reports that President Bola Ahmed Tinubu met with the Chairman of Global Infrastructure Partners (GIP), Adebayo Ogunlesi, and his team at the State House, Abuja. This was contained in a Statement posted on the official website of the of the Nigerian Presidency, statehouse.gov.ng on Thursday. Editor’s Picks Why I’m Happy To Serve … Read more
Eko Hot Blog reports that the federal government has filed a criminal charge against Binance, a popular cryptocurrency platform, for “tax evasion”. According to The Cable, the charge was filed before the federal high court in Abuja on March 25 by the Federal Inland Revenue Service (FIRS), according to a statement on Monday. Editor’s Picks … Read more
Eko Hot Blog reports that Oyo State Governor, Engineer Seyi Makinde has declared that there is no truth in the claim by Senate President Godswill Akpabio that states got additional N30 billion each outside of their statutory revenue allocations, to address the food insecurity. The governor stated this on Thursday, noting that Oyo did not … Read more
EKO HOT BLOG reports that the Chairman of the Federal Inland Revenue Service (FIRS), Zaccheus Adedeji, has called on President Bola Tinubu to discontinue the N2.59 trillion Tax Credit Scheme introduced by the previous administration of President Muhammadu Buhari in 2021. The FIRS boss submitted that the scheme is a step in the wrong direction. EDITOR’S … Read more
Eko Hot Blog reports that a fresh round of protests has broken out in Suleja, the commercial nerve centre of Niger State which is only a few kilometres away to the Federal Capital Territory, Abuja. The angry Nigerians stormed the streets on Wednesday, according to photographs obtained by SaharaReporters, calling on the President Bola Tinubu-led … Read more