• info@ocmlng.com
  • 0201-2914775

Value Added Tax collections rise to N2.42tr in three months

Home > market news
Financial News

Value Added Tax collections rise to N2.42tr in three months

16 Jun, 2026

Nigeria’s Value Added Tax (VAT) collections rose to N2.42 trillion in the first quarter of this year, National Bureau of Statistics (NBS) data have shown. The figure represents 17.06 per cent increase from the N2.07 trillion generated in the corresponding period of 2025. The strong VAT performance recorded in the first quarter of 2026 reflects sustained economic activity across key sectors such as manufacturing, telecommunications, and mining...................….......READ MORE