FAAC February allocation dips to N1.9trn amid VAT, tax inflow decline
Revenue shared among Nigeria’s three tiers of government declined in February as weaker inflows from key tax sources and consumption ...
Monday, March 16, 2026
Tag: VAT
VAT, CIT fetch Nigeria N1.18trn tax revenues in Q1’23
By Onome Amuge The federal government raked in N1.18 trillion in taxes from consumers of goods and services ...
VAT gaps need closing for enhanced revenue mobilisation
By Cynthia Ezekwe The ideal benefits and importance of revenues generated in the form of tax has become imperative for ...
FGN grows VAT, CIT revenue by 25%, generates N3.5trn
Onome Amuge The federal government’s revenue from Value Added Tax (VAT) and Company Income Tax (CIT) grew 25 per ...
FIRS appoints MTN, Airtel, commercial banks VAT collectors
By Chisom Nwatu Telecommunications giants, MTN and Airtel, as well as commercial banks/deposit money banks in Nigeria have been ...
Subnationals, digital services and taxation opportunities
The significant gift of the 21st century is the digitally-driven fast pace of change in virtually all of life's endeavours. ...
Professional services, manufacturing lead as VAT generates N651.77bn in H1 2020
Charles Abuede Data from the National Bureau of Statistics (NBS) show that the sum of N651.77 billion was generated as ...
Reps kill motion to suspend implementation of 7.5% VAT
The House of Representatives has rejected a motion seeking to suspend implementation of the 7.5% Value Added Tax (VAT) Act ...
VAT, mineral, non-mineral revenues makes up NEITI’s N28.58trn federation account remittance in five years
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the total amount remitted to the federation account between 2012 and 2016 ...
Planned increase in VAT anti-people, anti-development – Labour
Organised Labour has on Friday rejected government planned increase in value added tax, VAT, from 5 percent to 7.2 percent, ...
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