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Tag: FEDERAL INLAND REVENUE SERVICE

Business

Understanding Cryptocurrency Taxation in Nigeria: An Essential Guide

April 11, 2025April 11, 2025 - by Liam Nguyen - Leave a Comment

Nigeria is a significant center for cryptocurrency transactions, with the Federal Inland Revenue Service overseeing tax regulations. Cryptocurrencies are classified as property, necessitating taxation on profits from sales and other …

Understanding Cryptocurrency Taxation in Nigeria: An Essential Guide Read More
Companies / economics

Binance’s Legal Challenges in Nigeria: An $81 Billion Case and More

March 21, 2025March 21, 2025 - by Allegra Nguyen - Leave a Comment

Binance is embroiled in three legal cases in Nigeria, facing a potential $81 billion fine for allegedly harming the nation’s economy. The exchange is also involved in criminal cases related …

Binance’s Legal Challenges in Nigeria: An $81 Billion Case and More Read More
Business / economics

Dangote Group Reports N402.3 Billion Tax Payment to Nigerian Government in 2024

March 7, 2025March 7, 2025 - by Carmen Mendez - Leave a Comment

In 2024, Dangote Group paid over N402 billion in taxes, making it Nigeria’s highest taxpayer. Its subsidiaries, including Dangote Cement, were recognized by the FIRS for their tax compliance. The …

Dangote Group Reports N402.3 Billion Tax Payment to Nigerian Government in 2024 Read More
Companies

Nigeria Terminates 13-Year Partnership With Remita, Introduces New Payment System

March 4, 2025March 4, 2025 - by Sofia Nawab - Leave a Comment

The Federal Government of Nigeria has ended its 13-year partnership with Remita, introducing a new system called the Treasury Management and Revenue Assurance System. This change will occur in two …

Nigeria Terminates 13-Year Partnership With Remita, Introduces New Payment System Read More
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