NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Lagos, Oyo, Rivers lead top VAT-contributing states in January

VALUE ADDED TAX (VAT) remained one of Nigeria’s most important sources of government revenue in January 2026, as collections rose significantly compared with the previous month. The figures also once again exposed the wide disparity between what some states generate and the portion they eventually receive from the centrally pooled distribution system. Data from the […]

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