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Value Added Tax

Business and Economy

Value added tax collection rises by 99.82% in Q2

THE total value-added tax (VAT) collection for the second quarter (Q2) of 2024 rose to N1.56 trillion from N781.35...
Ehime ALEX -
Tax and Taxation

Nigeria’s VAT rises to N781.35bn in second quarter – NBS

THE National Bureau of Statistics (NBS) has reported an increase in value-added tax (VAT) from N709.59 billion in the...
Ehime ALEX -
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Business and Economy

FG, states, LGCs shared N786bn FAAC allocation in May, the highest this year

THE Federation Account Allocation Committee (FAAC) has shared N786.161 billion among the federal government, states and local government councils...
Ehime ALEX -
Business and Economy

Nigeria generated N600.15bn from VAT in Q2 2022 — NBS

THE Federal Government generated N600.15 billion as value-added tax (VAT) in the second quarter of 2022. This was disclosed in...
Nurudeen AKEWUSHOLA -
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Featured News

Kano destroys alcoholic drinks but receives N525.7 billion in federal allocations since 2015…

REVENUE derived from Value Added Tax (VAT) on alcoholic beverages made up a significant portion of about N525.74 billion...
IHUOMA Chiedozie -
Data Stories

Nigerian government rakes in N424.71 billion as VAT in Q3, 2020

By Isah Abdul-Azeez THE Nigerian government has raked in N424.71 billion as value-added tax (VAT) in the third quarter of...
Editorial -
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