The Joint Revenue Board (JRB), formally known as the Joint Tax Board and the Nigerian Revenue Services (NRS), formerly known as the Federal Inland Revenue Service, have announced the launch of the Nigerian Tax ID Portal. According to the organizations, the portal which goes live from January 1, 2026. The platform will allow individual Nigerians…
The Federal Inland Revenue Service has announced that the National Identification Number issued by the National Identity Management Commission has automatically become the Tax Identification Number for individual Nigerians. The clarification was made in a public awareness campaign on the new tax laws shared by the Service on X on Monday. According to the FIRS,…
The Corporate Affairs Commission (CAC) has announced plans to clamp down on unregistered point of sale (PoS) operators from January 1, 2026. In a statement on Saturday, the commission described the surge in unregistered terminals as a “reckless practice” that violates the provisions of the Companies and Allied Matters Act (CAMA) of 2020 and the…
Scores of young Nigerians under the aegis of the National Youth Council of Nigeria (NYCN) on Thursday staged a protest at the headquarters of the Corporate Affairs Commission (CAC) in Abuja over the Commission’s recent deregistration of the council. The demonstration, led by NYCN President, Ambassador Sukubo Sara-Igbe Sukubo, marked the launch of a 30-day…
The Corporate Affairs Commission (CAC) has stirred public reaction after a typographical error was spotted in its Independence Day message to President Bola Tinubu. In a flyer posted on X on Wednesday to mark Nigeria’s 65th independence anniversary, the agency, headed by Hussaini Magaji, a senior advocate of Nigeria (SAN), wrote “indepndence” instead of “independence”…
The Corporate Affairs Commission (CAC) has announced plans to delist 100,000 companies from its register over prolonged inactivity and non-compliance with statutory requirements under the Companies and Allied Matters Act (CAMA). According to a public notice issued by the Commission, the affected companies have been identified as either not carrying on business, inactive for at…
The Corporate Affairs Commission (CAC) has issued a six-week notice to unregistered businesses to register with the Commission or face jail term prosecution. This was disclosed in a statement issued by the CAC on Tuesday, titled: “PUBLIC NOTICE: CARRYING ON BUSINESS IN NIGERIA UNDER AN UNREGISTERED NAME OR ACRONYM.” The development comes amid the collapse…
The federal government through the Corporate Affairs Commission (CAC) has warned Point of Sale (POS) operators in the Fintech sector and threatened to shut down those who fail to register their businesses. The CAC in a statement on Friday noted that the 60-day deadline for registration, which expired on September 5, 2024, has not been…
With today, September 5, 2024 being the deadline given by the Corporate Affairs Commission (CAC) for banking agents, known as Point of Sale (POS) operators to register their activities or face prosecution, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has challenged the directive in court. Recall that the federal government through…
