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FIRS

NLNG clinches third FIRS Most Compliant Taxpayer award

NLNG has again been named the Most Compliant Taxpayer in corporate Nigeria by the Federal Inland Revenue Service. The recognition, issued under the FIRS Compliant Taxpayer Award and Recognition Program, highlights organizations that consistently meet their tax obligations with diligence…

WIEN Webinar: FIRS extends compliance deadline for e-Invoicing system

Sopuruchi Onwuka  Medium and large companies in Nigeria have been given additional time to comply with the Federal Inland Revenue Service’s (FIRS) new electronic invoicing (e-Invoicing) system, which links corporate transactions directly to tax monitoring platforms. The extension applies to…

Nigeria’s petrol price in top range among OPEC peers

FG’s import tariff sets new benchmark for Dangote, others Sopuruchi ONWUKA With the 15 percent tariff slammed on imported petrol and diesel, the domestic petroleum market may have lost price stabilizing force; allowing Dangote and other smaller local refiners to…

Analysts hiss as FG celebrates N5.6 trn H1 tax income

Sopuruchi Onwuka Federal government recorded slight increment in tax revenues in the first half of the year despite the palpable depression in the economy associated with depreciation in the value of the Naira and jumps in inflation. The N5.6 trillion…

Chevron wins FIRS tax awards, denies blocking gas to NLNG

Local affiliates of Chevron Corporation in Nigeria, Chevron Nigeria Limited (CNL) and Star Deep Water Petroleum Limited (STAR), have both been honoured by the Federal Inland Revenue Service (FIRS) with top tax compliant organization awards. Corporate spokesman for Nigeria, Mr…