Tag: Tax
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Banks to Demand Tax ID From All Customers From January 2026
Starting January 1, 2026, Nigerians and non-residents will need a Tax Identification Number (Tax ID) to open or operate bank accounts, under a sweeping...
The Tax That Broke the Camel’s Back
There is a moment in every nation’s story when the people are no longer merely governed, they are tested. Nigeria has reached that moment.
The...
Punishment In The Guise Of Recovery: Why Nigerians Should Not Be Burdened With More Taxes
Work has always been hard. To farm, to trade, to build, to teach, to run businesses, all demand sweat, energy, and determination. Work is...
FIRS Orders Banks to Shut Down All Unauthorised Tax Accounts in Push for Digital Compliance
In a decisive move aimed at tightening Nigeria’s tax administration, the Federal Inland Revenue Service (FIRS) has instructed all banks in the country to...
Nigeria’s VAT Collection Reaches N1.78 Trillion In Q3 2024
The National Bureau of Statistics (NBS) reports that in the third quarter of 2024, the Nigerian government collected N1.78 trillion in Value Added Tax...
