Nigeria News (Standard)
FIRS Chairman Adedeji Launches Rev360 Digital Platform to Boost Voluntary Tax Compliance Nationwide
New system unveiled in Abuja aims to streamline taxpayer experience and align Nigeria with global best practices
New system unveiled in Abuja aims to streamline taxpayer experience and align Nigeria with global best practices
The Federal Inland Revenue Service (FIRS), under the leadership of Executive Chairman Dr Zacch Adedeji, has introduced a new digital tax administration platform, Rev360, designed to enhance voluntary tax compliance across Nigeria. The official unveiling took place on Tuesday in Abuja, as part of ongoing efforts to modernise the nation’s tax system and improve service delivery.
According to Dr Adedeji, Rev360 marks a major step in FIRS’ transition towards Tax Administration 3.0, offering taxpayers and businesses a more integrated, transparent and efficient way to fulfil their tax obligations. The platform is expected to simplify processes for millions of individuals and companies nationwide by making tax services more accessible and user-friendly.
Dr Adedeji said the move reflects FIRS’ determination to strengthen compliance management, boost transparency, and support Nigeria’s economic growth agenda. “Rev360 represents a transformational platform that supports our transition by improving service delivery, strengthening compliance management, enhancing transparency and simplifying taxpayer interactions,” he stated during the launch event.
The adoption of Rev360 comes at a time when government is seeking to expand its revenue base through technology-driven solutions amid fluctuating oil earnings and increased demands on public spending. Experts have long called for reforms to address Nigeria’s relatively low tax-to-GDP ratio compared to other African countries. The FIRS’ initiative is seen as an effort to align with international standards and respond to the evolving needs of taxpayers.
While industry stakeholders have welcomed the innovation, some have urged government to ensure adequate public sensitisation so that the benefits of the new system reach all sectors, including small businesses. The opposition could not be immediately reached for comment regarding concerns about data security or implementation challenges.
FIRS has assured Nigerians that it will continue engaging with taxpayers and business groups as it rolls out Rev360 nationwide. Authorities say further updates on integration timelines and user guidelines will be provided in the coming weeks.
Source: https://guardian.ng/business-services/nrs-deploys-new-technology-to-drive-voluntary-tax-compliance/
Nigeria News (Standard)
Falana, Youth Groups Launch Nationwide Protest on June 12 Over Insecurity, Economic Hardship
Demonstrations set for major cities as organisers demand urgent government action on food prices, unemployment, and security
Demonstrations set for major cities as organisers demand urgent government action on food prices, unemployment, and security
Human rights lawyer Femi Falana (SAN), youth groups, and civil society organisations have announced a nationwide protest to hold across major Nigerian cities on Wednesday, June 12, coinciding with the country’s Democracy Day. The organisers say the demonstration aims to spotlight rising insecurity, economic hardship, and governance challenges affecting millions of Nigerians.
According to statements released by the coalition, the protest was deliberately scheduled for June 12 because of its significance in Nigeria’s democratic history. Democracy Day commemorates the legacy of late Chief Moshood Kashimawo Olawale (MKO) Abiola, regarded as winner of the annulled June 12, 1993 presidential election. Organisers insist that this year’s anniversary offers a platform for peaceful citizens’ action on urgent national issues.
The groups behind the protest cite worsening living conditions as a key driver. They highlight soaring food inflation, high unemployment among young people, and persistent threats to security in several states. “Nigerians are facing daily hardships due to high cost of living and lack of job opportunities,” one organiser stated. They have listed their core demands as immediate action on insecurity nationwide; measures to reduce food prices; policies to alleviate economic suffering; job creation for young people; improved accountability from public officials; and protection of citizens’ constitutional rights.
The coalition has emphasised that the planned demonstration will be peaceful and conducted within legal boundaries. “Our intention is not to undermine democracy but to call for urgent intervention from government on issues that affect us all,” an organiser said during a briefing. At press time, federal authorities had not issued any official response regarding the planned protests.
With public concern mounting over inflation and security—as reported by National Bureau of Statistics data showing double-digit inflation rates—this year’s Democracy Day is expected to draw significant attention from both citizens and authorities. Organisers say mobilisation efforts are ongoing in Lagos, Abuja, Port Harcourt, Kano and other cities nationwide.
Nigeria News (Standard)
Nigerians Flood UAE Bank Social Media, Reject Fresh $5bn Loan Request for Tinubu Government
Public outcry follows IMF warning on loan transparency as citizens cite rising debt, economic hardship
Public outcry follows IMF warning on loan transparency as citizens cite rising debt, economic hardship
Hundreds of Nigerians have taken to the social media platforms of First Abu Dhabi Bank (FAB) in the United Arab Emirates, urging the bank not to approve a proposed $5 billion loan to President Bola Tinubu’s administration. The coordinated online protest, which intensified on Tuesday, came after the International Monetary Fund (IMF) warned that the planned financing arrangement poses significant risks and lacks transparency.
The controversy erupted following the presentation of the IMF’s 2026 Article IV Consultation Report on Nigeria, where IMF Resident Representative Christian Ebeke cautioned that the proposed borrowing—structured as a Total Return Swap (TRS)—could expose Nigeria to hidden financial vulnerabilities. According to Ebeke, such financing models are risky for countries already facing debt challenges, especially if underlying asset values fall or exchange rates deteriorate.
Nigeria’s national debt has continued to mount amid ongoing economic hardship and high inflation, a situation that has fuelled public anger over new external borrowing. Many citizens argue that previous loans have not improved living conditions or infrastructure, and some claim that Nigeria’s resources are adequate if properly managed. On FAB’s social media accounts, users left hundreds of comments demanding the bank refuse any fresh loan requests from government.
One X user, Oluwa Seun, wrote: “Don’t borrow Tinubu money, we don’t need money, we are rich in our country.” Another commenter, Charles Stigberg, insisted: “We heard you want to borrow money to @officialABAT the president of Nigeria for Nigerians… if you borrow that money to him, Nigerians are not to be held accountable for it. Note that over 200million Nigerians aren’t in support.”
The IMF’s intervention has amplified scrutiny of government borrowing practices and raised questions about fiscal responsibility in Abuja. While government officials have yet to respond publicly to the mounting opposition online and from international partners, many Nigerians have signalled they will continue their campaign against further indebtedness. The outcome could impact future foreign financing deals as both lenders and policymakers weigh public sentiment alongside economic necessity.
Nigeria News (Standard)
Zenith Bank’s Adaora Umeoji, Fidelity’s Onyeali-Ikpe Named Among 2026 100 Most Notable Africans Honourees at Marrakech Summit
Recognition highlights growing influence of Nigerian banking sector as top executives join pan-African leaders on prestigious list
Recognition highlights growing influence of Nigerian banking sector as top executives join pan-African leaders on prestigious list
Dr. Adaora Umeoji, Group Managing Director and Chief Executive Officer of Zenith Bank, alongside Dr. Nneka Onyeali-Ikpe, who leads Fidelity Bank, have been announced as honourees for the upcoming 2026 edition of the 100 Most Notable Africans awards at the Marrakech Summit in Morocco. The announcement was made on Tuesday, confirming their inclusion among other distinguished African leaders from various sectors.
The event, which will be held in Marrakech, is set to celebrate influential figures such as Omar Yacoubi Soussane of Morocco and Dr. Emmanuel Fundira, Executive Chairman of ASTOC Leisure Group Inc. from Zimbabwe. Both Umeoji and Onyeali-Ikpe are recognised for their contributions to the financial services sector and their roles in advancing Nigeria’s reputation within Africa’s banking industry.
This recognition comes at a time when Nigeria’s banking sector is experiencing significant transformation and heightened international attention. The inclusion of two leading Nigerian bank executives on the continental list is seen by industry watchers as a testament to the country’s evolving corporate leadership and its impact across Africa.
While official statements from Zenith Bank and Fidelity Bank were not immediately available as at press time, stakeholders within Nigeria’s financial sector have described the honours as well deserved. Financial analysts note that such accolades reinforce confidence in local talent and underscore Nigeria’s ongoing influence in shaping the future of banking on the continent.
The Marrakech Summit is expected to bring together key players from across Africa to discuss leadership and innovation, with award recipients serving as models for excellence in their respective fields. The event will also provide a platform for networking among honourees and further collaboration across borders.
Falana, Youth Groups Launch Nationwide Protest on June 12 Over Insecurity, Economic Hardship
Nigerians Flood UAE Bank Social Media, Reject Fresh $5bn Loan Request for Tinubu Government
Martinez Refuses to Promise Ronaldo Starting Spot After Nigeria Friendly
Zenith Bank’s Adaora Umeoji, Fidelity’s Onyeali-Ikpe Named Among 2026 100 Most Notable Africans Honourees at Marrakech Summit
Neymar and Kylian Mbappé Spark Baby-Naming Craze Across South America Ahead of World Cup
New York Pays Tribute to Thierry Henry and Pele With Street Renaming Ahead of World Cup Kickoff
NCAA Suspends Permit of Operator After Aircraft Lands on Roadway Near Asaba
Former Real Madrid Manager Set to Take Charge of Iwobi and Bassey at Club Level
Canadian Pilot Faces Charges After Flying Over 900 Commercial Flights With Fake Licence
Delta Lawmakers Demand INEC Implements Supreme Court Order on Warri Federal Constituency Delineation
FG Launches $500m Abuja Formula 1 Bid, Targets Africa’s First Grand Prix Since 1993
Moniepoint Graduates Second DreamDevs Cohort in Lagos to Strengthen Nigeria’s Engineering Workforce
Gọvanmenti Nigeria Kwupụtara 53 Orù Anyanwụ Maka Ike Ọhụrụ N’iru Afọ 2050
Why More Nigerians Are Searching for Casino Bonuses—and What You Should Know Before Claiming
Fresh Romance Rumours Trail Lando Norris as Alix Earle Sparks Drama in Monaco
Somali Referee Omar Artan Blocked From US World Cup Over Visa Row, Misses Dream Debut
Federal Government Launches Mining Grants for Research and Exploration Across Nigeria
Borno State Records 74 Deaths as Cholera Outbreak Overwhelms Health Facilities
Ụlọ akụ Nigeria Welie Ogo Ego Naira Maka Ịkwụ Ụgwọ Mba Ọzọ N’ihi Ndokwa N’ahịa Ego Mpụga
