Economy
FIRS Introduces Instant Tax Clearance System
By Adedapo Adesanya
The Federal Inland Revenue Service (FIRS) said taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution.
This was disclosed in a statement signed by Mr Johannes Oluwatobi Wojuola, a Special Assistant to the Executive Chairman of the FIRS, Mr Muhammad Nami.
It stated that the generation of Tax Clearance Certificates, which used to be issued within two weeks, would now be available with a single click by the taxpayer.
The TaxPro Max, a tax administration solution introduced by the apex tax authority in June 2021, is a one-stop shop for taxpayer registration, tax returns filing, tax payment, and tax clearance certificate requesting, among other functionalities.
The service stated that the instant tax clearance system is on the heels of wide-scale technological reforms that the service has embarked on as part of the effort to achieve a hundred per cent automation of its tax administration functions.
The Executive Chairman of the FIRS, while commenting on the development, explained that this functionality was in line with the objectives of the service to make the lives of taxpayers easier and ensure the ease of doing business in the country.
According to him, one of the core objectives of tax service is to build a customer-centric institution.
The statement said, “That means an institution that has the customer at the heart of its innovations and solutions. It is for this reason that we have tuned the operations of our TaxPro Max solution to be able to deliver Tax Clearance Certificates in the shortest possible time to taxpayers.
“At the click of a button, a taxpayer will get their Tax Clearance Certificates, as long as they have no outstanding liabilities.
“This would impact in no small measure on the Ease of Doing Business in Nigeria.”
Mr Nami also stated that the taxpayer could only generate their Tax Clearance Certificates on the TaxPro Max platform when they did not owe any liabilities, among other conditions set out for the use of the platform.
He noted that this innovation was aimed at appreciating taxpayers for their trust and contributions to national development, stating that the Service would continue to come up with innovative solutions that would make the taxpayers’ lives easier.
Mr Nami also implored governments at all levels to continue to give taxpayers value for their money whilst also urging taxpayers to trust in the government.
Recall that Business Post had recently reported that the Finance Bill 2022, once signed by President Muhammadu Buhari, will see the FIRS become Nigeria Revenue Service (NRS).
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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