Vat Archives - Green Horizon News

FG, States and LGs Share N1.89tn February Revenue, FAAC Says

March 14, 2026

The Federation Account Allocation Committee says it shared a total of N1.894 trillion from February revenue among the Federal Government, the 36 states of the federation and the 774 local government councils. The revenue distribution followed a meeting of the FAAC held in Abuja in March 2026. The committee is responsible for allocating Nigeria’s Federation...

VAT Revenue Rises 34% to N6.4tn in Nine Months, FIRS Says

March 4, 2026

The Federal Inland Revenue Service has reported a 34 percent increase in value-added tax revenue to N6.4 trillion in the first nine months of the 2026 fiscal year, the agency said in a statement. The FIRS manages indirect tax collections in Nigeria, including value-added tax, which is charged on goods and services. VAT is a...

FAAC States’ Rejection of N1.9tn Delays January Federal Revenue Distribution

January 31, 2026

The Federal Account Allocation Committee (FAAC) meeting to distribute January 2026 federally collected revenue was stalled after state government representatives rejected an N1.9 trillion distributable figure, officials said. The disagreement emerged during FAAC deliberations in Abuja on January 30, 2026, hindering the revenue allocation process for the month. The rejection stemmed from concerns among state...

FG Orders Banks and Fintechs to Remit 7.5% VAT on Electronic Service Fees

January 15, 2026

The Federal Government has directed all commercial banks, microfinance banks and financial technology companies (fintechs) to begin collecting and remitting a 7.5 per cent Value Added Tax (VAT) on certain electronic banking service fees, officials said on Thursday, January 15, 2026. Under the new rule, the 7.5% VAT will apply only to the service fees...

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

Teachers in Enugu State on Tuesday joined a nationwide solidarity rally organised by the Nigeria Union of Teachers (NUT), marching to the Government House in Enugu to demand the immediate release of abducted Oyo pupils and their teachers. The demonstration followed a directive from the national leadership of the union after the abduction of dozens...

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

The Oyo lawmakers defection trend gained momentum on Tuesday as six members of the House of Representatives from Oyo State formally left the Peoples Democratic Party (PDP) for the Allied Peoples Movement (APM). The lawmakers announced their departure during plenary at the House of Representatives, citing the prolonged internal crisis and leadership disputes within the...

Tinubu Re-Election Project Is My Number One Priority, Oborevwori Declares

Delta State Governor, Sheriff Oborevwori, has declared that the Tinubu re-election project is his number one political priority ahead of the 2027 general election. The governor said he would mobilise support across Delta State to ensure President Bola Ahmed Tinubu secures a second term in office. Oborevwori made the remarks during a media engagement where...

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Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

Tinubu Re-Election Project Is My Number One Priority, Oborevwori Declares

Parents Reject Rice, Cash as Pressure Mounts Over Kidnapped Children in Oyo

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VAT Revenue Rises 34% to N6.4tn in Nine Months, FIRS Says

FAAC States’ Rejection of N1.9tn Delays January Federal Revenue Distribution

FG Orders Banks and Fintechs to Remit 7.5% VAT on Electronic Service Fees

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Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

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