Category : Search result: CBN tax account


Tax ID Enforcement 2026: 12 Facts for Nigerians

Confused about the Tax ID enforcement starting January 2026? Get the clear facts on who needs it, how to register, and what it means for your bank account. Don't panic, get informed.

Atiku, NOM Make 5 Demands to Tinubu on Tax Plan

Atiku Abubakar and the National Opposition Movement present five key demands to President Tinubu's government, criticising proposed tax reforms as 'cruel' and 'irrational'. Read the full list.

EKIRS: No Account Freeze Over TIN in New Tax Reform

The Ekiti State Internal Revenue Service clarifies that the new tax reforms will not freeze accounts without TIN. Chairman Olaniran Olatona urges calm, stating the goal is fair taxation, not hardship. Read more.

Lawmaker: Gazetted Tax Laws Not What We Passed

Rep Abdussamad Dasuki raises alarm over discrepancies between tax laws signed by President Tinubu and versions approved by the National Assembly. He calls for urgent scrutiny.

Federation Account Hits N23trn in 10 Months

Revenue inflows into Nigeria's Federation Account surged to N23.06 trillion in the first ten months of 2025, driven by fiscal reforms and digital tracking. Learn about the growth and the new tax law.

FAAC Revenue Falls by N428bn, N1.93trn Shared

FAAC reports a sharp N427.969bn drop in November revenue, sharing N1.93 trillion among FG, states, and LGs. Key taxes see substantial declines. Read the full breakdown.

N66.42tr Hits Federation Account in 3 Years

Nigeria's Federation Account gross inflows hit N66.42 trillion from 2023 to Oct 2025, driven by fiscal reforms. RMAFC Chairman cites economic progress despite citizens' concerns. Read full analysis.

Content Creator DonAza Rejects FG Tax Training Invitation

Popular Nigerian content creator DonAza publicly rejects a federal government invitation for tax law training, questioning the recognition compared to Reno Omokri's ambassadorial nomination. Read full details and public reactions.

Man Reveals VDM's NGO Balance Amid Harrison Gwamnishu Feud

A Nigerian man, Charles Obinwanne Don, shares the N10 million balance in VeryDarkMan's NGO account, defending the activist against claims of jealousy towards Harrison Gwamnishu. Get the full story on the social media drama.

20 Creators Picked for Tax Reform Training

Tax reform boss Taiwo Oyedele unveils 20 top content creators for special training on new tax laws. The 'Influencing for Good' programme aims to boost public understanding. See the full list and details.

Supreme Court Dismisses Osun Suit on LG Funds

The Supreme Court has struck out Osun State's suit to compel FG to release LG funds, citing lack of locus standi. Read the full details and implications of the judgment.

Fast Ways to Block Your Union Bank Account

Learn the quickest methods to block your Union Bank account using USSD *826*6#, the UnionMobile app, or customer care. Protect your funds instantly during emergencies.

FIRS Clarifies 4% Development Levy on Imports

The FIRS clarifies the 4% Development Levy is a consolidation of existing charges, not a new tax. Read details on exemptions, free trade zones, and reactions from Nigerian importers.

CBN Sets New Cash Withdrawal Limits Effective 2026

The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.

TIN Not Mandatory for Personal Bank Accounts - FG

The Federal Government clarifies that Tax Identification Numbers are only required for personal bank accounts used for business transactions. Learn the new rules before the January 2026 deadline.

AI's Role in Fixing Nigeria's Tax Trust Deficit

Nigeria's new 2025 tax reforms face public skepticism. This analysis explores how Artificial Intelligence, not just policy changes, can build trust by ensuring transparency in revenue collection and spending.

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