Value Added Tax (VAT)

Business

Revised VAT Sharing Formula Boosts States’ Revenue To ₦551bn In January

THEWILL -
March 05, (THEWILL) — In January 2026, Nigerian states recorded a significant increase in their share of Value Added Tax (VAT) revenue, receiving a total of about ₦551 billion. This sharp rise followed the implementation of new tax laws...
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BusinessJoy Onuorah, THEWILL -

Moniepoint Winds Down MonieWorld 16 Months After UK Remittance Launch

The company told customers on August 25 that MonieWorld was entering a transition period as Moniepoint redirected strategic resources towards financial tools for businesses across Africa. The service remains operational for now, with customers expected to receive further information about the closure timeline and any changes affecting their accounts and transactions.
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