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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HeadlineFelix Ifijeh, THEWILL -

N210trn NNPC Scandal: Kyari Challenges Audit Claims, Insists No Money Was Lost

The immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, on Tuesday denied allegations that N210tn was unaccounted for in the company's financial records, insisting that no funds were lost under his leadership.
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