President Bola Tinubu on Saturday morning revealed that a joint operation by Nigerian and United …
Read More »New VAT sharing formula boosts states’ revenue to ₦551 billion in January – THIS UPDATE
By Ayo Kehinde In January 2026, Nigerian states recorded a significant increase in their share of value-added tax (VAT) revenue, receiving a total of approximately ₦551 billion. This sharp increase followed the implementation of new tax laws that changed the VAT distribution formula between levels of government. The development marked the first full month that the revised revenue sharing agreement …
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