ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Economy

FIRS Denies Monopoly Claims in Revenue Collection, Confirms Multi-Channel Payment Structure

Victoria Emeto by Victoria Emeto
November 24, 2025
in Economy
0

The Federal Inland Revenue Service (FIRS) has clarified the role of Xpress Payments in its national revenue collection framework, dismissing claims that the platform serves as the sole gateway for government tax remittances.

According to Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to the Executive Chairman of FIRS, the current revenue system is multi-channel, relying on several approved Payment Solution Service Providers (PSSPs). These include Quickteller, Remita, Etranzact, Flutterwave, and XpressPay, all of which operate within a competitive environment to make tax payments more convenient for individuals and businesses nationwide.

She explained that PSSPs are not designated as collection agents and do not earn processing fees or retain any share of government revenues. Instead, all funds remitted through these digital platforms are transferred directly into the Federation Account, ensuring transparency and preventing private custody of public funds.

Atoyebi emphasised that the system’s design protects the integrity of national revenue flows while supporting efficiency, digital access and taxpayer convenience.

Tags: #DigitalPayments#FIRS#NigeriaEconomy#TaxReform
Previous Post

Zenith Bank Awards N140m to African Innovators at 2025 Tech Fair

Next Post

Edun Calls for Faster Economic Reforms and Stronger Domestic Revenue Mobilisation Across Africa

Victoria Emeto

Victoria Emeto

Next Post

Edun Calls for Faster Economic Reforms and Stronger Domestic Revenue Mobilisation Across Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026

Nigeria’s Pension Assets Hit N28 Trillion in January 2026 Amid Steady Growth

March 6, 2026

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25

Goldlink’s restructures board

10

Airtel Africa Plc gets admitted to the NSE Main Board

6

Stallion Tank Farm resumes operations

3

Global Stocks Rise as Anthropic IPO Filing Revives AI Optimism, Oil Falls

October 28, 2026

BoI Secures €2.22bn and ₦250bn to Finance Nigerian Industries

October 28, 2026

FG Targets Single-Digit Inflation by End of 2027 to Lower Borrowing Costs

October 28, 2026

Nigeria Needs $6bn in Drilling Equipment to Hit 3 Million BPD Target — PETAN

October 28, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • West Africa
  • World

Recent News

Global Stocks Rise as Anthropic IPO Filing Revives AI Optimism, Oil Falls

October 28, 2026

BoI Secures €2.22bn and ₦250bn to Finance Nigerian Industries

October 28, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!