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Federal Accounts Allocation Committee (FAAC) has shared a hefty N1.969 trillion from December 2025 federation revenue among the Federal Government, states, and local councils,...
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All posts tagged "Value Added Tax"
E-Financial
Nigeria’s Value Added Tax (VAT) revenue surged to ₦6.72 trillion in 2024, marking an 84.6% increase from ₦3.64 trillion in 2023, according to the...
News
Nigeria Governors’ Forum (NGF) has rejected the move to increase Value Added Tax (VAT). The forum made this known in a communiqué released after...
News
National Bureau of Statistics (NBS) has announced that Nigeria generated N1.78 trillion in value-added tax (VAT) revenue during the third quarter (Q3) of 2024,...
E-health
Federal Government says it has finalised the Executive Order to implement zero Value-Added Tax and excise duties on pharmaceutical products and medical devices. Ravenewsonline...
News
Federal government’s aggregate receipt of the Value Added Tax (VAT) in Q2 2024, stood at N1.56 trillion, indicating a growth rate of 9.11 per...
E-Financial
House of Representatives Public Accounts Committee, has asked Guaranty Trust Bank (GTB) to calculate and remit the Value Added Tax (VAT) on the commission...
Business
Wale Edun, minister of Finance and Coordinating Minister of the Economy has debunked reports making the rounds that the rate for Value-Added Tax (VAT)...
News
The Presidential Fiscal Policy and Tax Reforms Committee, chaired by Taiwo Oyedele, has announced plans to propose a law to the National Assembly that...
Cryptocurrency
KuCoin, a leading cryptocurrency exchange, has announced it will begin collecting a 7.5 percent value-added tax (VAT) on transaction fees for its users in...