FG, States, LGs Share N2.036tn March Revenue
By Oluwakemi Kindness The Federal Government, state governments, and local government councils have shared a total of N2.036 trillion as Federation Account Allocation Committee (FAAC) revenue for March 2026. The distribution followed the April FAAC meeting held in Abuja, according to a communiqué issued by Bawa Mokwa, Director of Press at the Office of the […]
WATAF Pushes Digital VAT Reform Across Region
By Oluwakemi Kindness The West African Tax Administration Forum (WATAF) has called for urgent digital reform of Value Added Tax (VAT) systems across West Africa, warning that inefficiencies are undermining revenue collection and slowing economic growth. The call was made at a regional forum held on April 21, 2026, in Abidjan, organised by the African […]
VAT on Bank Charges Not New – NRS
By Oluwakemi Kindness The Nigeria Revenue Service (NRS) says Value-Added Tax (VAT) on bank charges is not a new policy and was not introduced by the Nigeria Tax Act. In a statement issued on Thursday, the Service describes claims of a fresh VAT burden on banking transactions as inaccurate. It clarifies that VAT has long […]