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The Nigeria Revenue Service has given large companies until 31 July to adopt electronic invoicing fully. Failure to integrate with the new digital platform carries steep financial and operational penalties. Taxpayers with annual revenues above N5 billion must route all transaction invoices through the state system. The directive cements a sweeping tax modernisation effort launched…
Nigeria is still falling significantly short of its statutory tax revenue targets despite the implementation of extensive fiscal adjustments. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the ongoing deficit during a courtesy visit in Abuja on Thursday. The minister hosted the leadership of the Chartered Institute of Taxation of Nigeria…
Monthly federal revenue has jumped from N711 billion in May 2023 to N3.635 trillion by September 2025, marking a 411.3 per cent increase under the current administration. Zacch Adedeji, Executive Chairman of the newly christened Nigeria Revenue Service (NRS), announced these figures during the inauguration of the agency’s 16-storey headquarters in Abuja. The growth reflects…
