Nigeria’s foreign currency-denominated tax receipts rose sharply to ₦6.33 trillion in 2025, reflecting higher contributions from multinational firms and the impact of exchange rate reforms, according to data from the National Bureau of Statistics (NBS).
Nigeria earned $31.54bn from crude oil exports in 2025, according to the Central Bank of Nigeria’s Balance of Payments report, marking a 14.41% decline from $36.85bn in 2024.
Nigeria’s food inflation rate rose to 12.12% in February 2026, reversing the single-digit level recorded in January and signalling renewed pressure on household food costs.
Nigeria’s VAT Revenue Increases to N2.28trn in Q3 2025
Nigeria’s Value Added Tax (VAT) revenue rose to N2.28 trillion in the third quarter of 2025, marking a 10.66% increase from N2.06 trillion in the previous quarter, according to the National Bureau of Statistics (NBS).
The figure...
The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦2.343 trillion to the three tiers of government, Federal, State and Local Governments.
