Abuja, received a N15.8 billion allocation from Nigeria’s value-added tax (VAT) pool in January 2026, according to data from the federation account allocation committee (FAAC).

CHEERING news has emerged that the Bola Tinubu administration’s tax reforms have yielded higher value-added tax gains for states. Total VAT earnings rose to N1.08 trillion in January, The PUNCH ...

The sharing formula looks very encouraging as the amount involved continues to increase month by month, but the people contributing to it have been in perpetual siege for years. Notably, in ...

The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.894 trillion as revenue for February 2026 among the Federal Government, state governments and the 774 local government ...

Nigeria's federal, state, and local governments share N1.894tn from February revenue. See the full FAAC breakdown of statutory and VAT collections.

Experts in Nigeria’s economic space have warned that the country’s ongoing tax reform efforts could face serious setbacks if ...

Upstream depends on being able to display ads on our services in order to finance our journalism.

According to new calculations, households that own and frequently use microwaves could face charges of £10.81 from April due ...

The EU imports more than 90 per cent of its oil and 80 per cent of its gas ...

The potential response would mirror Spain’s 2022 VAT “inflation shield”, introduced following the surge in energy prices after Russia’s invasion of Ukraine. That package included significant temporary ...

The board added that a separate notification will be issued outlining how results will be declared for affected students.

Microwaves cost approximately £10.81 per year to run based on average usage, new calculations show ...