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VAT Revenue Rises to ₦2.42 Trillion in Q1 2026 – NBS Reports

By The Insight Team June 12, 2026 57

mostbet mostbet az mostbet mostbet az mostbet mostbet mostbet az mostbet By Emmanuel Kwada Nigeria’s Value Added Tax (VAT) revenue increased to ₦2.42 trillion in the first quarter of 2026, according to the National Bureau of Statistics (NBS), reflecting a 9.98 percent rise from the ₦2.20 trillion recorded in Q4 2025. The latest figures point to sustained momentum in tax collections, driven by stronger inflows across […]Continue Reading

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EXPLAINER: How 7.5% VAT on Bank Transfers, USSD Transactions Starting January 19 Affects You

By The Insight Team January 15, 2026 669

By Emmanuel Kwada Starting Monday, January 19, 2026, if you send money through your mobile banking app, use USSD codes like *737# or *919#, or rely on fintech platforms such as OPay, Kuda, Moniepoint, or Palmpay for daily transfers, bill payments, or small business transactions, you will start seeing extra charge on the service fees […]Continue Reading

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The New Vat Combat is a Protest

By The Insight Team September 25, 2021 954

By Eric Teniola The actions of Chief Nyesom Wike (57) governor of Rivers state and Mr. Babajide Sanwo-Olu (56) governor of Lagos, have made us take another look at the issue of taxation in Nigeria. Specifically, the actions of these governors and their states of Assembly and the southern governors that met recently, have reawakened […]Continue Reading

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