Browsing Tag

Value Added Tax (VAT)

FAAC shares N680.783bn May revenue to FG, states, LGs

Godsgift Onyedinefu Jun 27, 2022 0

The Federation Account Allocation Committee (FAAC) has shared a total of N680.783 billion being May 2022 revenue to the federal, the 36 states and 774 local government areas of the country.…

Economy

Five sectors see big declines in VAT

Favour Ashinze Jun 22, 2022 0

Data from the National Bureau of Statistics (NBS) show that value-added tax (VAT) generated in the first quarter of this year was N588.59 billion, a growth of 18.58 percent year-on-year from…

Economy

VAT rises to N588.59bn in three months

Favour Ashinze Jun 17, 2022 0

Nigeria generated a total of N588.59 billion from Value Added Tax (VAT) in the first three months of this year, up 18.58 percent in the same period in 2021, according to official data…

Economy

FIRS revenue growing slower than FG’s spending

Bunmi Bailey Mar 28, 2022 0

The revenue generated by the Federal Inland Revenue Service has been growing slower than the expenditure of the Federal Government in the last seven years, official data collated by…

Economy

VAT revenue hits N563.72 billion in Q4

Jamiu Tajudeen Mar 25, 2022 0

The Manufacturing, Information and Communication, and Mining sectors have all emerged as the largest share contributors of the Value Added Tax (VAT) revenue as it hit N563.72 billion in…

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