Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Regina Daniels, Ned Nwoko Dispute Escalates Into Legal Battle of Abuse, Drug and Theft Claims

    January 13, 2026

    MultiChoice Nigeria Names Kemi Omotosho CEO, Making History as First Woman Leader

    January 13, 2026

    FG Declares 2026 ‘Decisive Year’ for Housing Delivery, Shifts to Completion-First Model

    January 13, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Senator Datti Baba-Ahmed Formally Declares 2027 Presidential Ambition

      January 7, 2026

      Ogun West: Senator Adeola Marks 2025 Milestones with Grand Thanksgiving in Ilaro

      January 5, 2026

      Senator Adeola: Fuel Subsidy Removal Saving Nigeria ₦10 Trillion Annually ​

      January 4, 2026

      Isote Ward 12 Endorses Gbenga Daniel’s Membership, Refers Him As APC’s “Prized Jewel”

      December 16, 2025

      INEC disregards Accord Party’s faction primary result in Osun

      December 15, 2025
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Inspirational January 13, 2026

      Energize Music Expands Global Afrogospel Reach with Joel Ogebe Release

      Recent

      Energize Music Expands Global Afrogospel Reach with Joel Ogebe Release

      January 13, 2026

      Aiflix360 Gets Four Wins at India Film Festival

      January 13, 2026

      Nigerian Music Icons Dominate 9th All Africa Music Awards in Historic Lagos Showcase

      January 12, 2026
    • Business

      Wema Bank launches smarter ALAT app with voice and tap features

      January 12, 2026

      Surprise as Retailers lower petrol below Dangote’s N739/litre

      January 12, 2026

      Unity Bank Disburses Over N270 Million To Corpreneurship Winners

      January 8, 2026

      FirstBank Meets N500 Billion Regulatory Capital Requirement

      January 7, 2026

      Wema Bank Upgrades ALAT Digital Platform

      January 7, 2026
    • Health

      Air pollution: Ogun Govt commences air quality check over lead contamination

      January 13, 2026

      Dr. Funmi Adewara: The Telehealth Visionary Bridging the Global Doctor Gap

      January 12, 2026

      Dr. Ije Akunyili Appointed First Black Chief Medical Officer of Jersey City Medical Center

      January 12, 2026

      FG Cuts Pay as Nationwide Health Strike Hits Day 58

      January 11, 2026

      Lagos State Launches High-Level Probe into Euracare Hospital Following Adichie Negligence Claims

      January 11, 2026
    • Culture

      MultiChoice Nigeria Names Kemi Omotosho CEO, Making History as First Woman Leader

      January 13, 2026

      Lagos Secures Global Recognition as a Leading Art Destination

      January 13, 2026

      Beyond the Frontier: How NGX Records and Cultural Festivals are Redefining Nigeria’s Global Brand

      January 9, 2026

      ​itel Nigeria Collaborates with Pantone to Debut 2026 Color of the Year, “Cloud Dancer

      January 6, 2026

      Ofala Festival 2025: Globacom Celebrates Heritage, Unity, And Prosperity

      October 11, 2025
    • Lifestyle

      Posthumous Tribute: Honouring The Enduring Legacy of Captain Hosa Okunbo @ 68 

      January 7, 2026

      Seyi Tinubu Donates Over ₦100 Million to King Mitchy’s Philanthropy Projects

      January 5, 2026

      Mental Health and Sustainability: The Untapped Pillar of ESG.

      December 8, 2025

      We Commemorate 20 Years Since Pastor Bimbo Odukoya’s Passing ~ Fountain of Life Church

      December 5, 2025

      Giving life to the silenced ones can be achieved through Activism Against Gender-Based Violence  – Adeyinka Adeyefa

      December 1, 2025
    • Sports

      CAF Opens Disciplinary Probe After Violent Scenes Mar Nigeria–Algeria AFCON Quarter-Final

      January 13, 2026

      2027 AFCON prelims qualifiers draw begins Tuesday

      January 13, 2026

      AFCON 2025: Algeria reacts to quarterfinal officiating, petitions CAF, FIFA 

      January 12, 2026

      Zidane’s son criticized for brawl against Nigeria

      January 12, 2026

      Super Eagles Prepare for Morocco Semi-Final as Osimhen Targets AFCON Final

      January 12, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » FIRS Rebrands Under New Tax Reform Laws
    News

    FIRS Rebrands Under New Tax Reform Laws

    Ifetayo AdeniyiBy Ifetayo AdeniyiJanuary 1, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    FIRS Rebrands Under New Tax Reform Laws

    Court green-lights Tinubu administration to roll out reformed tax system as revenue agency adopts new identity and logo.

    The Federal Inland Revenue Service has officially rebranded as the Nigeria Revenue Service (NRS), marking a significant shift in the country’s revenue administration as new tax legislation takes effect this Thursday.

    The transformation follows President Bola Tinubu’s signing of the Nigeria Revenue Service Establishment Act 2025 last June. At Wednesday’s logo unveiling ceremony in Abuja, NRS Executive Chairman Zacch Adedeji described the rebrand as “an important milestone in the evolution of Nigeria’s revenue administration framework.”

    The launch coincides with a Federal Capital Territory High Court ruling that rejected attempts to block the government’s new tax regime. Justice Bello Kawu dismissed an application for injunctive relief on December 23, ruling that the court lacked grounds to halt implementation of properly enacted legislation without concrete evidence of wrongdoing.

    “Once an Act is signed into law, it can only be repealed by lawmakers or struck down by a court,” Justice Kawu stated in his ruling, which was formally documented on December 30. He ordered that the Tax Act 2025 and related legislation proceed as scheduled, with full implementation beginning January 1, 2026.

    The legal challenge came from the Incorporated Trustees of African Initiative for Abuse of Public Trust, a civil society organization alleging discrepancies in the new tax laws. The group sought to restrain the president, federal government, and National Assembly from enforcing the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act, and Joint Revenue Board of Nigeria (Establishment) Act. A hearing on their substantive motion is scheduled for January 9, 2026.

    In response to controversy surrounding the reforms, Tanimu Yakubu, Director General of the Budget Office of the Federation, defended the legislation’s integrity and cautioned against what he called “governance by speculation.” Yakubu warned that unverified claims about post-passage alterations could undermine public confidence in democratic institutions.

    “A nation cannot be governed by insinuation or sustained on circulating documents of uncertain origin,” Yakubu said, while welcoming the National Assembly’s decision to investigate the allegations through proper institutional channels.

    The Budget Office emphasized that legal certainty is essential for revenue projections, macroeconomic stability, and investor confidence. To address concerns, Yakubu proposed measures including publishing verified reference texts in a public repository, providing orderly access to Certified True Copies for stakeholders, and ensuring implementing regulations align with authenticated legal texts.

    Regarding calls to suspend the reforms, Yakubu argued that properly executed tax reform is necessary to reduce Nigeria’s dependence on borrowing and inflationary financing. “Where clarification is required, it must be provided; where correction is required, it must be effected,” he stated, adding that governance should not be paralyzed by unresolved speculation.

    In his statement about the NRS launch, Adedeji said the new identity “reflects a renewed commitment to a more unified, efficient, and service-oriented revenue system, aligned with Nigeria’s economic transformation agenda and global best practices.”

    He characterized the rebrand as signaling “continuity of purpose, strengthened institutional capacity, and a forward-looking approach to supporting taxpayers and national development,” while pledging the agency’s commitment to transparency, partnership, and service excellence.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleSociety of Digital Newspaper Owners of Nigeria (SDNON) Mourns Fallen Journalists in Gombe Road Tragedy, Victims of Anthony Joshua Accident
    Next Article Year 2026: Tinubu Promises Deeper Reforms For Nigeria’s Economic Prosperity
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News January 13, 2026

    Lagos to Host Investopia Global Summit as Tinubu Unveils Africa First at Abu Dhabi Forum

    News January 13, 2026

    FG begins Lagos gold refinery operation, $600m lithium plant inauguration

    Health January 13, 2026

    Air pollution: Ogun Govt commences air quality check over lead contamination

    News January 13, 2026

    Nigeria welcomed US military supplies, Shehu Sani lauds support

    News January 13, 2026

    US mission presents visa navigator for Nigerian applicants

    News January 13, 2026

    Edo gov claims Ekpoma riot sponsored from abroad, to destabilize

    Leave A Reply Cancel Reply

    Don't Miss
    Celebrity January 13, 2026

    Regina Daniels, Ned Nwoko Dispute Escalates Into Legal Battle of Abuse, Drug and Theft Claims

    Manny Ita The public dispute between Nollywood actress Regina Daniels and her estranged husband, Senator…

    MultiChoice Nigeria Names Kemi Omotosho CEO, Making History as First Woman Leader

    January 13, 2026

    FG Declares 2026 ‘Decisive Year’ for Housing Delivery, Shifts to Completion-First Model

    January 13, 2026

    Lagos to Host Investopia Global Summit as Tinubu Unveils Africa First at Abu Dhabi Forum

    January 13, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Christmas Without Captain Hosa Okunbo

    December 26, 2021

    A Better Society Is Possible

    December 2, 2021

    Yuletide: Be Like Late Capt Hosa, As Imansuagbon Share Free Rice In Edo

    December 17, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.