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...
Bank Services VAT is Not New - FG
The Federal Government said on Thursday that value-added tax on banking services is not a new policy, after reports suggested the levy had recently been introduced on electronic money transfers and other transactions.
The clarification followed public complaints...
The implementation of Nigeria’s new tax law is quietly redefining the country’s fiscal architecture, with states and local governments emerging as the biggest beneficiaries of a revised Value Added Tax (VAT) sharing formula that significantly reduces the Federal Government’s take.
The federal government generated the sum of N8.09trn between January and November 2025, analysis of documents of the Federal Account Allocation Committee (FAAC) has shown.
VAT, E-Money Transfers Outperform Oil as FAAC Distributes N2.1trn in Sept
While the Federation Account Allocation Committee (FAAC) shared N2.103 trillion among the three tiers of government for September 2025, the standout detail was the surging performance of non-oil revenue sources, which offset declines in...
