Unified Identity for Tax Administration THE Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission now automatically serves as a Tax Identification Number for individual Nigerians. The clarification comes amid public concerns over provisions in Nigeria’s evolving tax laws requiring a Tax ID for […]
By OBIOMA TORI THE Presidential Committee on Fiscal Policy and Tax Reforms has clarified that Nigerians do not need a Tax Identification Number (TIN) to operate personal bank accounts, unless those accounts are used for business transactions. Committee Chairman, Taiwo Oyedele, made the clarification during a weekend briefing in Abuja, explaining that tax authorities can […]
By FIDELUS ZWANSON COMMERCIAL banks have urged customers to link their accounts to their National Identification Number (NIN) or Tax Identification Number (Tax ID) ahead of the enforcement of new tax laws in January 2026. In notices issued to customers, banks said the Nigerian Tax Administration Act 2025 requires all accounts to be linked to […]