FIRS To Be Renamed Nigeria Revenue Service

President Muhammadu Buhari-led government on Thursday announced its intention to rename the Federal Inland Revenue Service (FIRS).

Naija News learnt that it will be called the Nigeria Revenue Service (NRS).

The move to change the name of the service will depend on whether the proposed amendment to the Finance Act which is before the National Assembly sails through.

According to the Minister of Finance, Budget and National Planning, Zainab Ahmed, the chief executive would be referred to as Commissioner-General and not Chairman.

Ahmed disclosed this while addressing the Senate Committee on Finance.

Other provisions are the reorganisation of the FIRS Board by separating the executive management.

CBN Reveals Pieces Of New Notes Printed

The Central Bank of Nigeria (CBN) on Thursday revealed pieces of the redesigned notes printed.

The Deputy Governor of CBN in charge of Financial Stability, Aisha Ahmad while addressing lawmakers in the House of Representatives disclosed that the apex bank ordered the printing of 500 million pieces of the redesigned notes.

Naija News had earlier reported that Ahmad when asked about the quantities of the redesigned naira notes printed said she does not have the exact figure.

However, in the course of the briefing, the CBN Deputy Governor revealed that 500 million pieces of the redesigned notes were ordered for printing.