FAAC Shares N903.480bn to FG, States, LGAs for September   The Federation Account Allocation Committee (FAAC) has shared a total sum of N903.480 billion September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. A communique issued by the FAAC at its October,...

Nigerians Groan Over Effects Of 7.5% VAT On Petrol Prices   Nigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax (VAT) on the price of premium motor spirit, otherwise known as petrol. This comes barely a month after President...

FG Raked In N697.38bn Through VAT In Q4, 2022 — NBS   The National Bureau of Statistics, NBS, said the aggregate Value Added Tax, VAT, stood at N697.38 billion in Q4 2022. This is according to the VAT Q4 2022 Report released in Abuja on Wednesday. The report...

FAAC Shares 902.053 billion for November The Federation Account Allocation Committee (FAAC) has distributed 902.053 billion Naira to the Federal Government, States and Local Government Councils for November 2022. This was contained in a communiqué issued at the end of the Committee‘s meeting. The N902.053 billion total...

Manufacturers Seek Removal Of 7.5% VAT On Diesel   The Manufacturers Association of Nigeria (MAN) has called on the federal government to remove the 7.5 per cent Value Added Tax on Automobile Gas Oil pending the supply from international is normalised. The association also urged the government...

FAAC Rakes In N1.9trn In 3 Months Despite Non-Remittance By NNPC The Federal Accounts Allocation Committee has disbursed the sum of N1.99 trillion in the first quarter of 2022 despite zero remittance by the Nigerian National Petroleum Company Ltd, (NNPC). This comes in the wake of...